Watt assets

Watt assets are a new type of tokenized asset within the Solana ecosystem, developed as part of the Watt protocol. These assets are designed to capitalize on market volatility and provide new yield opportunities for token holders, liquidity providers, and arbitrageurs.

Watt assets are wrapped versions of existing tokens on Solana. When a user wraps a token using the Watt protocol, they receive a corresponding wattToken (e.g. BONK becomes wattBONK). These wattTokens represent ownership of the underlying asset while enabling additional functionality and intrinsic yield generation.

WattTokens:

• accrue value over time due to the protocol's fee structure

• are backed with the underlying asset

• are fully redeemable at any time

• can be used in other DeFi protocols just like the original token