Wrapped EOS (WEOS) is a tokenized version of the EOS cryptocurrency, designed to function on blockchains other than its native one, such as Ethereum. This wrapping process, which doesn't attribute to a single creator, allows EOS to be integrated into the DeFi ecosystems of these other blockchains. The primary use of $WEOS is to facilitate EOS’s interoperability and participation in various decentralized finance activities across different blockchain platforms, expanding its utility beyond the EOS blockchain. It enables EOS holders to engage in DeFi applications like lending, borrowing, and yield farming, and contributes to the liquidity in decentralized marketplaces.
