An entirely new way to use your HBAR

Wrapped HBAR delivers the power of HBAR with the flexibility of an ERC20 token.

Wrapped HBAR (wHBAR) is a ERC20 token backed 1:1 with HBAR.

(View on Etherscan)

Completely transparent. 100% verifiable. Community led.

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Why do we need wHBAR?

The Ethereum ecosystem is vast- from decentralized exchanges (DEXs), to staking/lending/borrowing, to prediction markets, games, and hundreds of other financial applications. With wHBAR, we give HBAR holders a new way to tap into the services of the Ethereum network.

Is it safe?

wHBAR is fully automated and is secured by Fireblocks, a SOC 2 Type II custody management solution that uses MPC cryptography and hardware isolation to secure funds.

HBAR Holdings in Fireblocks are insured up to $25,000,000.00 USD.

Partners

Learn more about who we’ve partnered with and where you can find wHBAR.

Wallet.HBAR


Fireblocks

 

Onfido

Uniswap

Suku

How it Works


Mint wHBAR

A user sends hbar to the custodian’s address (fireblocks). Upon receiving, the custodian party (hbar.com) will mint corresponding wHBAR tokens, taking fees for management (30 bps) and gas fees (determined at run time).

Burn wHBAR

A user signals a burn TX using the user interface and submits a real Ethereum TX. Upon hearing the TX, the custodian party’s server will record it, and call the TX to initiate the withdrawal process. Specifically, the user’s wHBAR is transferred to a suspense account where it is held until the HBAR is paid. Once the HBAR is paid, the suspended wburned. There is also a 30 bps fee on the burn in addition to the ethereum gas fees.

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