Quick question, is WMOVR legit or a scam?

Question

Moonbeam & Moonriver Official

Alpha Profits

Quick question, is WMOVR legit or a scam?

#blockchain #cryptocurrency #english #moonbeam

0

22.10.2021

5 ответов

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Alpha Profits Автор вопроса

4̶𝒙4̶ | Moonbeam
WMOVR is MOVR but wrapped. It’s actually needed wh...

Its strange why would you not stake MOVR instead of wrapping it for staking? Seems counterproductive…

0

22.10.2021

4̶𝒙4̶ | Moonbeam

Alpha Profits
Its strange why would you not stake MOVR instead o...

Yeah I’ve explained more or less on a noob way since it’s what I am in technical stuff, but I know on DEXs it needs to be converted, that’s why I’ve described this example. Maybe for staking it’s not needed

0

22.10.2021

Alpha Profits Автор вопроса

4̶𝒙4̶ | Moonbeam
Yeah I’ve explained more or less on a noob way sin...

Im asking because Im looking at staking my MOVR as single asset in dex

0

22.10.2021

Alpha Profits Автор вопроса

4̶𝒙4̶ | Moonbeam
Yeah I’ve explained more or less on a noob way sin...

But it says it needs to be MOVR (which has me a but skeptic and doubtful)

0

22.10.2021

4̶𝒙4̶ | Moonbeam · Accepted Answer

4̶𝒙4̶ | Moonbeam

WMOVR is MOVR but wrapped. It’s actually needed when you want to interact with a protocol token on a network. For example, if you swap ETH for OCEAN on uniswap on Ethereum, ETH first gets converted to WETH and then to OCEAN. This can be seen on the swap route that uniswap shows

0

22.10.2021

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Quick question, is WMOVR legit or a scam?

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