What is wrapped egld?

Could you please elaborate on what exactly wrapped EGLD is? Is it a derivative of the native EGLD token on the Elrond Network? How does it differ from the original EGLD token, and what are its primary use cases? Additionally, could you explain the process of wrapping EGLD and any potential benefits or drawbacks of doing so? Lastly, is wrapped EGLD accepted by various exchanges and wallets, and what are the requirements for trading or storing it?