
Wrapped Millix (WMLX)
Key data
updated $0Wrapped Millix (WMLX) is a tokenized version of Millix (MLX) designed for interoperability with Ethereum and other blockchains. It represents MLX in a wrapped format, allowing it to be used in DeFi applications and smart contracts. The ticker is WMLX.
Frequently asked questions
What is Wrapped Millix (WMLX) and how is it different from Millix (MLX)?
WMLX is a wrapped version of MLX, meaning it’s MLX tokenized to work on Ethereum and other chains. Unlike native MLX, WMLX can be used in DeFi platforms and cross-chain transactions.
How does the wrapping technology for WMLX work?
WMLX is created by locking MLX in a smart contract, which then mints an equivalent amount of WMLX on the target blockchain. This ensures 1:1 peg and redeemability.
How is WMLX issued and controlled?
WMLX is issued through a custodial or decentralized bridge when users lock MLX. The total supply is backed 1:1 by MLX held in reserve.
How can I store and use WMLX?
WMLX is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet like MetaMask. It’s used in DeFi for lending, trading, or liquidity provision.