Wrapped Luna Classic (WLUNA) is an Ethereum token designed to represent Terra (LUNA) on the blockchain. It’s not LUNA but a distinct ERC-20 token created to track the value of LUNA. Wrapped Luna Classic was intended to allow LUNA holders to trade, hold, and engage in Ethereum-based decentralized finance (DeFi) dApps. 1 LUNA can be exchanged for 1 Wrapped Luna Classic through a Wrapped Luna Classic partner, and vice versa. The Idea Behind Wrapped LUNA Wrapped tokens can also be defined as a tokenized version of another coin that is usually tied to the value of the asset it represents.
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