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Wrapped POKT ($wPOKT) is an ERC-20 token that is uniquely designed to represent POKT in an interchangeable format. The core principle of $wPOKT revolves around a one-to-one backing by POKT, ensuring that for every $wPOKT in circulation, there exists an equivalent amount of POKT securely locked in a bridge vault. This framework enables seamless liquidity transfer between the Pocket Network and Ethereum, allowing for decentralized and autonomous interactions.

The aim of $wPOKT goes beyond mere representation; it seeks to unlock various financial functionalities within the Ethereum ecosystem. This is significant, as it opens up POKT for use in an array of DeFi applications, including streaming payments and DAO budgeting. By providing access to Ethereum's expansive features, Wrapped POKT enhances its utility, fostering broader adoption of the Pocket Network's governance and operations.