Wrapped Flare
WFLR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WFLR (Wrapped Flare) functions as the canonical 1:1 ERC-20 wrapper for FLR on the Flare Network, facilitating FTSO data delegation, voting power, and composability across network DeFi applications. Across active development (6.5/10) and governance (6.0/10), WFLR benefits from the broader Flare ecosystem infrastructure, with structured on-chain governance and consistent repository maintenance, though development is tied directly to the base chain rather than an independent codebase. Community metrics (5.5/10) demonstrate solid on-chain distribution with over 136,000 holders, albeit with limited verifiable off-chain engagement data. Tokenomics (5.5/10) reflect strong utility via the FlareDrop distribution mechanism and FTSO reward sharing, though long-term demand sustainability post-airdrop program remains an open question amid high insider allocations. Market activity (5.0/10) is constrained by thin trading volume and fragmented cross-tracker reporting. In security (4.8/10), the protocol maintains active bug bounties and multiple audits by reputable firms like Zellic and Coinspect with no reported exploits or depegs; its lower section score is driven by the severe post-launch price drawdown. No qualifying red-flag events occurred, and no sections lacked data.
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 Flare (WFLR)
Wrapped Flare (WFLR) is the canonical 1:1 ERC-20 wrapped form of FLR, the native gas token of the Flare Network. It is designed to provide decentralized finance (DeFi) composability, allowing holders to interact with network protocols, participate in governance voting, and delegate to the Flare Time Series Oracle (FTSO) while maintaining token liquidity. As a passive wrapping mechanism, WFLR operates directly on the Flare Network and derives its utility and technical development from the broader Flare infrastructure.
WFLR inherits the supply mechanics of FLR, which features an uncapped maximum supply and a circulating supply of approximately 85 billion to 87 billion tokens. Wrapping was heavily incentivized through the 36-month FlareDrop program, which allocated 85% of the public distribution pool exclusively to WFLR holders. Under the network's FIP.01 economic model, inflation rewards are split 70% to FTSO data providers and 30% to validators. Protocol security is integrated with the Flare ecosystem, which has undergone independent third-party audits by firms such as Zellic and Coinspect, alongside maintaining an active bug bounty program.
While WFLR has recorded no smart contract exploits, security breaches, or depeg incidents, the asset has experienced a severe, unrecovered price crash of more than 50% since its launch era, trading near $0.01. Other structural concerns identified in evaluations include potential post-airdrop demand sustainability risks as the FlareDrop program concludes, insider token allocations that began at 43.5%, thin trading liquidity across market pairs, and centralized agenda-setting power retained by the Flare Foundation.