Watt token specification

What are Watt assets from technical perspective?

  • Watt assets are SPL tokens utilizing the Token-2022 transfer fee extension.

  • Each token includes a built-in fee structure (see the Fee structure section for more information).

  • Only traditional SPL tokens without extensions can be wrapped.

  • Wrapping mints new Watt tokens.

  • Unwrapping burns existing Watt tokens.

  • Yield accrues via the burning of Watt assets. This mechanism increases the ratio of original tokens to Watt tokens during wrap and unwrap actions (see Token ratio section).

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