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).
Last updated