What is dogechain (Doge)?

The So-Called Dogecoin 'Layer-2' for DeFi, NFTs and Games Dogechain lets users bridge over Dogecoin (DOGE) to tap into DeFi services, along with potential future NFT marketplaces and apps. Dogechain is a newly-launched blockchain platform that lets users bridge over Dogecoin (DOGE) and use it for DeFi, NFTs, and more.

What is dogechain wrapping?

The wrapping process enables you to create a new token pegged to the value of DOGE on Dogechain. For instance, when you wrap 100 DOGE using Dogechain’s bridging facility, you will receive 100 wrapped DOGE (wDOGE) on your Dogechain wallet. The wrapped DOGE is pegged to the value of DOGE and can be easily inter-bridged across both platforms.

How do I exchange ETH for dogechain?

Once you've added ETH to Coinbase Wallet, you can you can swap your ETH for Dogechain right in the mobile app or browser extension. Tap or click the "Swap" icon in the Assets tab, then select "Choose asset" and pick Dogechain. Input the amount of ETH you'd like to exchange for Dogechain. Remember to leave enough for transaction fees.

Is dogechain a layer 2 network?

Dogechain isn’t a Layer 2 network, nor is it associated with Dogecoin. Instead, it’s a kind of bridge that will let Dogecoin holders transfer their tokens to the Dogechain so they can buy NFTs, develop GameFi apps and participate in various types of DeFi projects.