Wrapped gBera
WGBERA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WGBERA (Wrapped gBera) is a non-rebasing liquid staking derivative wrapper deployed on Berachain by Smilee Finance, designed to allow rebasing gBERA positions to participate in DeFi protocols. Active development is moderate (5.0/10) with an open repository and Berachain ecosystem integrations, but lacks granular commit logs or published audit reports. Tokenomics (6.0/10) features a standard 1:1 wrapping mechanism without independent issuance dilution, although it inherits the broader inflationary dynamics of the underlying BERA token. Community support (1.5/10) and market metrics (2.5/10) are extremely weak, marked by negligible daily trading volume (~$1,894), conflicting market data, and an unrecovered 98% drawdown from its peak. Governance (4.5/10) and security (4.5/10) reflect an anonymous team structure, centralized multi-sig controls, and an absence of third-party smart contract audits, despite having no recorded exploits or legal proceedings to date. The calculated weighted average across all six complete sections is 4.15/10.
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 gBera (WGBERA)
WGBERA (Wrapped gBera) is a non-rebasing liquid staking derivative wrapper issued by Smilee Finance on Berachain, established following the deprecation and migration of the legacy rebasing gBERA token. The token functions as a Proof-of-Liquidity (PoL)-native wrapper paired with a protocol-owned-liquidity engine known as gFund. Its primary mechanism is to encapsulate rebasing liquid staking positions into a fixed-balance format, allowing the asset to be utilized across decentralized finance applications and Berachain venues such as Reward Vaults, Infrared, and Berapaw.
The tokenomics of WGBERA do not feature an independent issuance schedule or dilution model, as the supply expands organically at a 1:1 ratio when users wrap underlying gBera. Because the asset is a derivative, its economic profile is tied to Berachain's base tokenomics, which include a 500,000,000 BERA genesis supply and approximately 10% annual inflation. Governance and contract controls are managed via a centralized multi-sig operated by the Smilee Finance team, whose individual members are not publicly named.
From a market and security perspective, WGBERA operates with micro-cap valuation and limited liquidity, recording low 24-hour trading volumes and experiencing a 98 percent price drawdown from its all-time high. While there are no recorded instances of hacks, exploits, or regulatory actions, the WGBERA smart contracts lack published third-party security audits, and the project possesses no independent decentralized autonomous organization (DAO) or dedicated community governance infrastructure.