Wrapped Chiliz (Kayen)Price

(WCHZ)

Wrapped Chiliz (wCHZ) is a tokenized version of the native Chiliz (CHZ) coin, designed to function as a CAP-20 (ERC-20 compatible) token on the Chiliz Chain. While they maintain a 1:1 value peg, they serve distinct roles. Native CHZ is primarily used for network gas fees and staking within the Chiliz ecosystem. In contrast, wCHZ is specifically used for interacting with smart contracts, decentralized applications, and DeFi protocols. Wrapping the token allows it to be utilized in decentralized finance activities that the native coin cannot directly support.

The "Kayen" label is often applied because the Kayen Protocol is the primary decentralized finance (DeFi) and SportFi hub for the Chiliz Chain. As wCHZ is the core asset used for providing liquidity, swapping, and trading Fan Tokens on the KayenSwap decentralized exchange, market data providers often associate the token with the protocol where it sees its highest utility. This helps users identify that this specific version of Wrapped Chiliz is ready for use within the Kayen ecosystem's liquidity pools and incentive programs.

The Kayen Protocol is a community-driven SportFi ecosystem built on the Chiliz Chain. Its flagship product is KayenSwap, a decentralized exchange that allows users to swap Fan Tokens like PSG, BAR, or CITY and provide liquidity to earn rewards. The protocol is essential for wCHZ users because it provides the infrastructure needed to trade sports-related assets. Furthermore, Kayen enables the "wrapping" of Fan Tokens to 18 decimal places, which is a technical requirement for them to function effectively within DeFi liquidity pools alongside wCHZ.

Users can participate in the KAYEN League, an airdrop program that rewards participants with points for performing swaps, wrapping tokens, and providing liquidity in pairs like wCHZ/Fan Tokens. Additionally, the ecosystem features a dual-token model consisting of $KAYEN and $xKAYEN. Users who hold or stake their assets can earn "Real Yield" from platform transaction fees. These incentives are designed to encourage long-term participation and liquidity within the Chiliz Chain's DeFi landscape.

You can obtain wCHZ through both on-chain and off-chain methods. On-chain, you can wrap native CHZ into wCHZ directly using the Kayen platform or the official Chiliz Bridge. For those who prefer centralized platforms, wCHZ is listed on exchanges such as LBank. If you hold CHZ on the Ethereum network, you can use the Chiliz Bridge or Chainport to transfer your assets to the Chiliz Chain. Depending on the bridge used, your assets will arrive as either native CHZ (which can be wrapped) or directly as wCHZ.

To see wCHZ in a wallet like MetaMask, you must first add the Chiliz Chain network (Network ID: 88882). Even after a successful transaction, the tokens may not appear until you manually "Import Token" using the official contract address: 0x677f7e16c7dd57be1d4c8ad1244883214953dc47. This step is necessary because most wallets do not automatically track every custom smart contract. Once the contract address is added, your wCHZ balance will be visible and available for use in the Kayen ecosystem.