Brilliant explanation!
However, I thought to wrap a token you need to burn it on it's native blockchain and a new one is created on the destination blockchain. Is that another way of doing it or is the custodian who does ti?
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As I understand it, you swap your token for the wrapped token, but when you return the wrapped token it is burned in systems allowing minting, but in other systems without reminting it varies.
In the first run of WLEO, the reminting function was exploited, so newer wrapped tokens since then deleted this reminting function, due it’s possible exploit.
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