Wanchain is a decentralized blockchain interoperability solution that aims to drive blockchain adoption through interoperability. The project aims to build decentralized bridges to connect the various blockchain networks. With this cross-chain infrastructure, developers are empowered to build cross-chain dApps for the wider DeFi community.
Wanchain has been building its cross-chain infrastructure since 2017 and has launched a decentralized BTC-ETH direct bridge in early 2021. Wanchain also offers decentralized bridges connecting Bitcoin, Ethereum, Ripple and EOS, and plans to support other chains such as Polkadot. Wanchain’s cross-chain bridges are supported by unified decentralized collateral pools.
WAN is the native utility token on Wanchain, and has the following use cases:
Staking: Token holders may also delegate their tokens to selected Storeman Validator nodes to earn staking rewards.
DeFi features: Users may participate in various DeFi dApps on the Wanchain ecosystem, including an Automated Market Maker (AMM), a decentralized lending platform, lottery, and more.