WIZ is a decentralized finance (DeFi) protocol that operates on the Ethereum Network, designed to facilitate the integration of new DeFi investors into the PulseChain Network. The nuanced nature of DeFi and its associated terms like staking, farming, and liquidity pools can prove challenging for investors unfamiliar with the ecosystem. This is where the duo of Hocus Pocus & WIZ steps in, handling staking and farming processes on behalf of investors.
By owning WIZ tokens, holders stand to gain from reflections on the Ethereum Network and treasury rewards on the PulseChain Network. To claim treasury rewards from PulseChain, however, you'll need to align your network settings with the PulseChain Chain ID.
The beauty of this is that WIZ holders can use the same wallet address they already use on the Ethereum Network. We encourage you to check out Hocus Pocus School, where you can find tutorials to guide you in configuring your network appropriately.
On the Ethereum Network, rewards are disbursed as WIZ tokens. Meanwhile, on the PulseChain Network, rewards come in the form of PLS and HOC tokens, which can be utilized for liquidity provision purposes, such as in the PLS/HOC pool.