Meet WICP, an ICP token that wraps ICP to allow developers and users to use and send them with just a Principal ID, opening the door to easier swaps and other IC experiences.
Copied Cycles Token (XTC) ID
WICP helps integrate ICP into a broader DeFi ecosystem on the IC.
1 WICP = 1 ICP, backed 1-1 with ICP locked and held by the token contract. By treating ICP as other Principal ID oriented tokens on the IC, it can better interoperate with other assets on the ecosystem.