What can I do with wrapped Luna?

So, I'm curious about what you can actually do with wrapped Luna. I mean, it's a token that represents Luna, but what kind of use cases does it have? Can you trade it on exchanges like you would with other cryptocurrencies? Can you stake it to earn rewards? Or are there any other unique features or applications that make wrapped Luna stand out? I'd love to know more about the options and potential benefits of owning this token.