Wrapped Mantle
WMNT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WMNT (Wrapped Mantle) functions as an ERC-20 1:1 wrapper for native MNT, facilitating composability across Mantle Network DeFi protocols. The underlying network displays robust active development, highlighted by its OP Succinct ZK rollup upgrade, and maintains sound governance infrastructure with active proposals and multisig-managed treasury monitoring. However, WMNT itself lacks standalone tokenomics and independent community traction, with narrow utility primarily concentrated in Aave V3 collateral markets. While there are no WMNT-specific audit reports, the parent Mantle architecture has undergone extensive third-party audits from CertiK, Sigma Prime, and OpenZeppelin, with no recorded exploits, depegs, or regulatory actions. With no qualifying red-flag events, the overall evaluation directly reflects the weighted score of the underlying components.
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 Mantle (WMNT)
Wrapped Mantle (WMNT) is an ERC-20 token that functions as a 1:1 wrapped representation of the Mantle Network's native asset, MNT. Operating on the Mantle blockchain, WMNT enables compatibility with decentralized finance protocols and smart contracts that require standard ERC-20 token interfaces rather than native gas tokens. Users acquire and redeem WMNT through standard wrapping and unwrapping mechanisms, with the asset holding a reported market capitalization of approximately $6.06 million compared to the significantly larger market capitalization of native MNT.
WMNT does not operate as an independent protocol and relies entirely on the infrastructure and governance of the broader Mantle ecosystem. Mantle utilizes documented off-chain governance through Mantle Improvement Proposals (MIPs) and Snapshot voting, backed by a public treasury monitor, while execution relies on core contributor multisignature wallets. In September 2025, the underlying Mantle Network completed a mainnet upgrade to OP Succinct, converting the network into a ZK rollup architecture featuring one-hour finality and six-hour withdrawal windows.
The utility of WMNT is limited, with its primary integration restricted to collateral usage on lending markets such as Aave V3 on Mantle, where adoption has remained modest. Market data aggregators have reported conflicting circulating supply figures for the token, and engagement around the asset is largely driven by core contributors rather than active community participation. While the specific WMNT wrapper contract lacks dedicated independent audits or formal risk ratings, the parent Mantle ecosystem has undergone audits by security firms including Sigma Prime, OpenZeppelin, and CertiK, with no recorded exploits, depegs, or regulatory actions.