Wrapped fragSOL
WFRAGSOL
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
WFRAGSOL bridges Solana’s fragSOL into Ethereum as an ERC-20 staking derivative, enabling yield exposure and DeFi composability. While the token addresses a real market need, development is almost entirely closed-source with no public repo, CI/tests, or audit reports. Governance is centralized via bridge operators, token allocations lack vesting transparency, and team identities are undisclosed. Community engagement is modest, and the competitive landscape for staked SOL tokens on Ethereum is crowded. Centralized bridge risk and poor transparency drive a high overall risk profile.
Detailed Analysis by Category
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 fragSOL (WFRAGSOL)
Wrapped fragSOL (WFRAGSOL)
Wrapped fragSOL (WFRAGSOL) is an ERC-20 token that brings fractionalized Solana staking exposure to Ethereum’s DeFi ecosystem. Each WFRAGSOL is backed 1:1 by fragSOL, a liquid staking derivative of SOL, enabling seamless cross-chain integration and access to Solana staking yields via Ethereum.
Symbol: WFRAGSOL
Type: ERC-20 token
Underlying Asset: fragSOL (fractional staked SOL)
Key Features
- 1:1 Peg to fragSOL
- Full ERC-20 compatibility with wallets, DEXs, lending platforms, and yield farms
- Access Solana staking rewards on Ethereum without locking SOL on Solana
- Secure cross-chain bridging infrastructure
Use Cases
- Collateral for borrowing and lending protocols
- Liquidity provision on decentralized exchanges
- Yield optimization in automated market makers
- Cross-chain asset diversification
For detailed tokenomics and contract information, please refer to the official project documentation.
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