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Wrapped Centrifuge (WCFG) is an Ethereum-based token representing Centrifuge (CFG). As an ERC-20 token, WCFG mirrors CFG's price, enhancing Ethereum's liquidity. Originating from a decentralized platform, it facilitates CFG trading and DeFi engagement on Ethereum. Acting as a bridge between Centrifuge's Polkadot network and Ethereum, WCFG broadens CFG's user base. This innovation allows CFG holders to participate in Ethereum's DeFi ecosystem seamlessly. Created by Centrifuge founders Lucas Vogelsang and Martin Quensel, WCFG benefits from their extensive experience in product development and innovation. Their collaborative effort aims to amplify CFG's utility in the blockchain ecosystem.
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