Wrapped Centrifuge
WCFG
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WCFG (Wrapped Centrifuge) is an Ethereum ERC-20 wrapper token that has been officially deprecated, discontinued, and migrated to a unified Centrifuge (CFG) token structure following governance decisions (including CP149) and coordinated exchange migrations starting in 2024. Because WCFG is defunct and no longer actively traded or maintained as an independent asset, four sections (Active Development, Community Support, Market and Use Case, and Security and Audit History) scored -1.0 due to structural token deprecation and the absence of ongoing independent activity. Among the evaluable sections, Team and Governance scored 6.5/10, recognizing a legitimate, public team and an orderly migration history without hacks or malicious exploits. Tokenomics scored 3.5/10 due to wrapper obsolescence, dependency on underlying CFG tokenomics with high insider supply concentration (~44%), and bridge-related structural risks. With the remaining weights redistributed between Tokenomics (57.14%) and Team & Governance (42.86%), the weighted average score is 4.8/10. Because WCFG has been formally deprecated and superseded by native CFG, the asset must be avoided.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped Centrifuge (WCFG)
Wrapped Centrifuge (WCFG) is a deprecated ERC-20 wrapper token that migrated to a unified Centrifuge (CFG) token at a 1:1 ratio. Originally deployed on the Ethereum blockchain, WCFG served as the wrapped representation of the native CFG token used within Centrifuge, a real-world asset financing protocol. Following Centrifuge governance proposal CP149 and token consolidation initiatives that began in February 2024, support for WCFG was discontinued, and exchange platforms transitioned from the legacy wrapper contract to the unified CFG asset.
As a derivative wrapped asset, WCFG did not feature independent tokenomics or governance mechanisms. Instead, it inherited its token dynamics directly from native CFG, including supply mechanics, an annual inflation rate of approximately 3.00%, and underlying vesting schedules. WCFG holders could not participate directly in Centrifuge DAO governance votes without first unwrapping their tokens into native CFG.
From a risk and security perspective, WCFG is defunct, abandoned, and no longer maintains active trading volume or exchange listings. No exploits, hacks, or depeg incidents were reported for the wrapper contract, though security records indicate that the wrapper contract itself had no independent token audit. Furthermore, underlying token distribution exhibited high centralization, with core contributors and backers holding approximately 44.00% of the supply alongside a 15.50% untracked vesting overhang.