as to what exactly it is
No, CelsiusX isn't a yield platform. It is a cross chain bridge for creating wrapped tokens
completely different. Celsius is automatic yield, Quickswap is defi, you need to provide liquidity, etc to earn there.
And what's the purpose of creating these wrapped tokens?
To use them on DeFi. You can wrap non-polygon native assets, like doge (cxDoge) and use them on DeFi protocol that supports it like Quickswap
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