Wrapped FUSEPrice

(WFUSE)

Wrapped FUSE (WFUSE) is the ERC-20 compliant version of the native FUSE token on the Fuse Network. While the native FUSE token is primarily used for network gas fees and does not reside on a smart contract layer, WFUSE allows the asset to interact with decentralized finance (DeFi) protocols. It maintains a 1:1 peg ratio with the native FUSE token, meaning you can always wrap 1 FUSE to receive 1 WFUSE, ensuring the value remains identical to the underlying asset.

You can wrap FUSE tokens using supported decentralized applications or the LBank DeFi interface. To begin, connect your non-custodial wallet to the platform and select FUSE in the "from" field and WFUSE in the "to" field. The system will recognize the transaction as a "Wrap" rather than a standard swap. Once the transaction is confirmed on the Fuse Network, your native FUSE will be locked in a smart contract, and an equivalent amount of WFUSE tokens will be minted to your wallet.

Native FUSE tokens are the core utility currency of the Fuse Network, specifically designed for paying transaction gas fees. However, most DeFi protocols, including decentralized exchanges and lending platforms, require tokens to follow the ERC-20 standard to function within smart contract pools. WFUSE provides this compatibility, enabling users to participate in advanced activities such as providing liquidity in trading pairs or using the token as collateral in lending protocols, which is not possible with the native version.

Users can earn rewards by participating in liquidity mining or farming on supported protocols. By pairing WFUSE with another asset, such as a stablecoin or governance token, to provide liquidity, you receive Liquidity Provider (LP) tokens. These LP tokens can then be staked in designated farms to earn additional token rewards. This process allows users to put their assets to work and generate yield while contributing to the liquidity of the Fuse ecosystem.

While both are derivatives of FUSE, they serve different purposes. WFUSE is a straightforward wrapped version of FUSE designed for general trading and liquidity provision in DeFi. In contrast, sFUSE is a "Liquid Staking" token. When you stake your FUSE through a liquid staking protocol, you receive sFUSE in return. This token automatically accrues staking rewards over time while remaining liquid, allowing you to use it in other DeFi applications without needing to unbond or wait for a withdrawal period.

Yes, WFUSE can be moved between the Fuse Network and other major blockchains like Ethereum or BNB Chain using the LBank Bridge or compatible third-party bridging solutions. When you bridge FUSE from its native network to Ethereum, it typically arrives as a wrapped ERC-20 version specific to that destination chain. This interoperability allows users to utilize their FUSE assets across multiple ecosystems, taking advantage of different DeFi opportunities and cross-chain liquidity.