Wrapped Matic represents the tokenized version of MATIC, the native cryptocurrency of the Polygon network, designed to facilitate its integration and use within the decentralized finance (DeFi) ecosystem. This adaptability allows users to stake their MATIC tokens on the Polygon network, earning rewards while maintaining liquidity. Essentially, it bridges the gap between the need to stake tokens for network support and the desire not to lock assets to participate in DeFi activities.
