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.


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







How it Works

Mint wHBAR

A user sends hbar to the custodian’s address (fireblocks). Upon receiving, the custodian party ( 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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