Bridge Developer: Bender Labs
Audit: Least authority
Brief description of the bridge
Wrap is a decentralized bridge between ethereum and tezos. Transfer your ERC-20 and ERC-721 tokens from Ethereum to the Tezos blockchain in a decentralized way.
- Ethereum Assets
Bender Wrap Overview
Through Wrap, users issue wTokens (wrapped tokens) which are representations of ERC20 and ERC721 tokens on the Tezos blockchain. wTokens can then be used on the Tezos blockchain, and their value is pegged to the original tokens. Wrap is a decentralized protocol, relying on a strong federation (the Signers Quorum) that guarantees the stability of the protocol, and a community of $WRAP governance token holders.
Audits and Exploits
This bridge was audited by Least authority so you can find these documents here. Any exploits or bounty-program wasn't found.
This bridge has his own token called WRAP (Wrap Governance Token).
Limits wasn't found. If you find it, please, contact us to [email protected] (include the name of the bridge in the subject line of your e-mail)
What is Tezos?
Tezos is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications backed by a global community of validators, researchers, and builders. By design, Tezos embraces long-term upgradability, open participation, collaboration, and smart contract safety.https://tezos.com/
What is Ethereum?
Ethereum is both a blockchain network, an application platform, and a full-fledged programming language. The goal of the project is to create and publish distributed applications that do not require third party trust.https://ethereum.org/en/
Reviews about bridge
The number of people voted 1
Hi! Boring and dull design, the same goes for the interface. The need to connect two wallets is also annoying. There are competitors that are more attractive than this service. I tested several transactions, everything is fine, however the process of transfering was not the most pleasant one.
To start working with this bridge, you should have installed some wallet extensions, such as: MetaMask, Fortmatic, Portis, Spire, Temple Wallet, Galleon, Kukai Wallet or Umami wallet.
You can learn more about the work of the Wrap Protocol and get answers to most of your questions on the official FAQ.
1. You need to have wallet extensions installed for each network you plan to interact with. On this bridge available wallets are: MetaMask, Fortmatic, Portis, Spire, Temple Wallet, Galleon, Kukai Wallet and Umami wallet.
2. You need to have some amount in the native network token to pay the network fees.
3. Connect wallets to the bridge site.
4. Make sure this bridge supports the token you want to transfer and only then you should start the process.