Wrapped CKBPrice

(WCKB)

Native CKB is the utility token for the Nervos Layer 1 (Common Knowledge Base), which focuses on security and storage but does not natively support Ethereum-style smart contracts. wCKB is a tokenized version of CKB used on Layer 2 (Godwoken) or external chains. It enables CKB to be utilized in decentralized finance (DeFi) applications for trading, liquidity provision, and staking, bridging the gap between Layer 1 storage and Layer 2 programmability.

This delay is a standard security feature of the Godwoken network, which operates as an Optimistic Rollup. To ensure the integrity of the network, there is a mandatory challenge period, typically lasting between 3 to 7 days. During this window, the network waits to verify that no fraudulent transactions occurred before finalized funds are released to Layer 1. Your assets are secure during this period; they are simply waiting for the protocol's security check to conclude.

Most non-custodial wallets do not automatically detect every token on the Godwoken network. If your balance shows as zero but the transaction was successful on the block explorer, you likely need to manually add the token. You can do this by using the "Add Custom Token" feature and inputting the specific wCKB contract address for the Godwoken version you are using. Always verify contract addresses through official network explorers to ensure accuracy.

While both exist on Layer 2, they serve distinct purposes. pCKB usually acts as the "proxy" CKB required to pay for transaction (gas) fees on the Godwoken network, similar to how ETH functions on Ethereum. In contrast, wCKB is the wrapped version primarily used for trading on decentralized exchanges and participating in liquidity pools. Understanding this distinction is vital for managing your assets and ensuring you have enough pCKB to cover network fees.

To convert native CKB to wCKB, you must use a bridge that connects Layer 1 to the Godwoken Layer 2. By sending native CKB from a compatible Layer 1 wallet to a designated Godwoken address via an official bridge interface, the assets are locked on Layer 1 and an equivalent amount of wCKB is minted on Layer 2. Alternatively, users can manage these assets through supported exchange platforms that facilitate Layer 2 transfers.

No, wCKB does not earn the inflation compensation (secondary issuance) provided by the Nervos DAO on Layer 1. The Nervos DAO is exclusive to native CKB locked on the mainnet. To generate returns on wCKB, users must engage with Layer 2 DeFi protocols. This typically involves providing liquidity to trading pairs, participating in yield farming, or utilizing specific staking pools available on decentralized platforms within the Godwoken ecosystem.