Wrapped Litecoin (WLTC) has gained its first decentralized trading pair on Uniswap, which will provide liquidity against Ethereum (ETH). The WLTC token launched recently and aims to tap into the value of idle coins by being used in Aave vaults. LTC has a culture of long-term holding, with an average holding time of 2.6 years. The launch of WLTC coincided with a rally in LTC prices. The tokenized version allows traders to store LTC through MetaMask and participate in DeFi, although there is no guarantee that using WLTC will be cheaper or smoother than sending LTC directly. The illiquidity and potential risks associated with WLTC make it a risky investment at this stage. However, if WLTC gains traction, it could attract a wider audience of DEX swappers and potentially create arbitrage opportunities.



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