Wrapped Centrifuge


Wrapped Centrifuge

The Centrifuge coin (CFG) on the Ethereum network is represented by Wrapped Centrifuge (wCFG) in accordance with the ERC-20 standard. Similar to Polkadot, Centrifuge (CFG) is a native token created in Substrate (DOT). wCFG is an Ethereum network-compliant ERC-20 wrapped coin. It is crucial to remember that in order to take part in CFG use-cases, holders of wCFG tokens must unwrap their tokens 1:1 across the bridge. The native token of the Centrifuge network is called Centrifuge (CFG). It is employed for staking, covering transaction costs (such as gas), and taking part in governance. In the Tinlake dApp, the token also pays liquidity providers and offers chain security.

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