Wrapped HBAR company info

What does Wrapped HBAR do?
Wrapped HBAR (CRYPTO:WHBAR) is a token that represents the HBAR cryptocurrency on the Ethereum blockchain. It is pegged to HBAR on a 1:1 basis and can be redeemed for HBAR at any time. WHBAR can be used in any DeFi application that supports Ethereum tokens. One of the main objectives of WHBAR is to make HBAR more accessible to DeFi users. By wrapping HBAR into an Ethereum token, WHBAR allows users to interact with the Ethereum ecosystem without having to leave the Hedera network. This makes it easier for users to earn yield on their HBAR and to participate in DeFi governance. WHBAR is also being used to develop new DeFi applications on the Hedera network. For example, the decentralized exchange SaucerSwap uses WHBAR as its base trading pair. This allows users to trade HBAR tokens with other Ethereum tokens without having to go through a centralized exchange.
Wrapped HBAR company media
Company Snapshot

What is the market cap for Wrapped HBAR?

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Market Cap
$3.91B

Where is the head office for Wrapped HBAR?

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Head Office
United States

What year was Wrapped HBAR founded?

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Year Founded
2021
What does Wrapped HBAR specialise in?

What are the products and/or services of Wrapped HBAR?

Overview of Wrapped HBAR offerings
Cross-chain compatibility: WHBAR allows users to interact with the Ethereum ecosystem without having to leave the Hedera network. This makes it easier for users to earn yield on their HBAR and to participate in DeFi governance.
Enhanced security: WHBAR is built on the Ethereum blockchain, which is one of the most secure blockchains in the world. This provides users with peace of mind knowing that their HBAR is safe when it is wrapped in WHBAR.
Improved accessibility: WHBAR makes HBAR more accessible to DeFi users. This is because WHBAR can be used in any DeFi application that supports Ethereum tokens.
Increased liquidity: WHBAR brings additional liquidity to the Hedera ecosystem. This makes it easier for users to buy and sell HBAR and to trade HBAR tokens with other Ethereum tokens.
New DeFi opportunities: WHBAR is being used to develop new DeFi applications on the Hedera network. This expands the range of DeFi opportunities available to HBAR users.
Reduced friction: WHBAR reduces the friction associated with cross-chain transactions. This makes it easier and more efficient for users to move their HBAR between the Hedera and Ethereum networks.