Wrap Protocol

Through Wrap, users issue wTokens (wrapped tokens) which are representations of ERC20 and ERC721 tokens on the Tezos blockchain. wTokens can then be used on the Tezos blockchain, and their value is pegged to the original tokens.

## Overview Wrap Protocol is a token bridging and wrapping solution that enables users to issue wTokens—wrapped representations of ERC20 and ERC721 tokens—on the Tezos blockchain. The protocol allows Ethereum-native assets to be represented and used within the Tezos ecosystem while maintaining a stable peg to their original token value. This addresses a fundamental interoperability challenge: assets native to one blockchain cannot be directly transferred to another without a mechanism to represent and verify their value across chains. The protocol exists because blockchain ecosystems operate i