Wrapped BNB

Wrapped BNB (WBNB) is a blockchain token pegged to the value of Binance Coin (BNB), the native token of the Binance cryptocurrency exchange. WBNB conforms to the BEP-20 standard on the BNB Smart Chain (BSC), a blockchain network that supports smart contracts and decentralized applications (DApps). Similar to wrapped ETH (WETH) and wrapped Bitcoin (WBTC), WBNB allows users to use BNB to participate in DeFi, such as providing liquidity in liquidity pools, yield farming and trading on decentralized exchanges (DEXs). The vision of WBNB is to enhance the interoperability and scalability of the BNB Chain. It bridges the gap between the Binance ecosystem and other blockchain ecosystems like Ethereum, Polygon, Solana, Avalanche and more. This increases the utility and demand of both BNB and WBNB and allows WBNB to function as collateral across different ecosystems.