WrappedM by M0
WM Rank #348Price chart
What is WrappedM by M0?
Wrapping
Depositing M into the wrapper creates an equivalent amount of wM. Unwrapping burns wM and returns the corresponding M principal. Supply expands and contracts with these operations. The contract holds the underlying M that backs its obligations. Its accounting includes both outstanding principal and yield owed to approved earners. The wrapper is designed for lending markets, automated market makers and other ERC-20 integrations.
Earning accounts
New accounts are non-earning by default. Their stored balances stay unchanged between token operations. Earning requires explicit approval through governance or an authorized EarnerManager. Approved accounts track yield separately using the underlying M index. Holders must claim that yield to realize it. A claim can be directed to a designated recipient. An EarnerManager may deduct its configured fee. Governance can also set recipient overrides. Excess yield on balances belonging to non-earning holders accumulates within the wrapper. These account-level rules determine whether a particular wallet receives income.
Where to trade WM
2 exchanges · top 10
Live spot quotes from connected exchanges
WM funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.