Wrapped FIL
WFIL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WFIL (Wrapped FIL) is the canonical ERC-20 wrapper for native Filecoin (FIL) within the FEVM and broader DeFi ecosystem. Development and integration remain active via tools like Glif and Squid, with documentation maintained as recently as June 2026. However, community engagement directly tied to WFIL is minimal (scoring 2.5), as attention and governance accrue almost entirely to the underlying native FIL token. From a tokenomics standpoint (6.5), WFIL functions as a direct 1:1 backed derivative inheriting FIL's supply cap and emissions, but carries centralized wrapper management risks. Market and use-case metrics (4.5) reflect limited independent trading volume (~$148k) and a small market cap ($5.32M). Security is scored at 4.0 due to the absence of dedicated public audit reports for the wrapper contract and FIL's severe historical price drawdown from its ATH, though no exploits or hacks have been detected. Team and Governance could not be evaluated due to insufficient data (-1.0) and was excluded from the weighted score calculation. No qualifying red-flag events were established.
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 FIL (WFIL)
Wrapped FIL (WFIL) is an ERC-20-compliant wrapped representation of Filecoin's native cryptocurrency, FIL. Issued on the Filecoin network via the Filecoin EVM (FEVM), WFIL is the canonical wrapper documented in official Filecoin developer documentation. It was developed by Glif to enable native FIL to interact with smart contracts, decentralized finance (DeFi) protocols, and Ethereum-compatible decentralized applications.
WFIL operates on a 1:1 backing model with native FIL and does not possess an independent supply schedule, emissions model, or dedicated governance structure. The circulating supply expands or contracts based purely on user wrapping and unwrapping activity. As a derivative token, WFIL inherits the underlying tokenomic parameters of Filecoin, including a maximum supply capped at approximately 2 billion tokens, long-dated vesting schedules running through 2050, and network burn mechanisms such as storage provider slashing.
While no smart contract exploits, hacks, or depeg events have been documented for WFIL, several risks and constraints exist. The wrapper contract lacks published independent third-party security audit reports and is managed by a single team rather than a decentralized governance framework. Furthermore, the underlying Filecoin asset has experienced a severe price drawdown exceeding 50% from its April 2021 all-time high of approximately $237, alongside constrained secondary trading liquidity for the wrapper itself.