What is Oil Coin?
Wrapped-OIL (wOIL) is a token deployed on the Zedxion Smart Chain that represents Oil Smart Chain’s native OIL Coin in wrapped form. Each wOIL is fully backed 1:1 with OIL and enables cross-chain use of the asset within the Zedxion ecosystem. The token allows users to trade, provide liquidity, and interact with decentralized applications while maintaining parity with OIL’s reserve-backed model, which is pegged to the real-time price of one barrel of Brent crude oil. wOIL extends the accessibility of OIL by supporting interoperability, enabling investors, traders, and applications on Zedxion to integrate oil-backed value directly into DeFi markets.
