Market cap
$8.14K
1.1 %
Volume (24h)
$11.35
1.1 %
Circulating supply
2,471 WFIL
Wrapped Filecoin (WFIL)
$ 3.29
1.1 %
Main info
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Key data
updated $0Market cap$8.14K
Volume 24h$11.35
Circulating supply2.47K
Wrapped Filecoin (WFIL) is an ERC-20 token representing Filecoin (FIL) on the Ethereum blockchain. It allows FIL holders to participate in Ethereum's DeFi ecosystem while maintaining 1:1 value with the original asset. WFIL simplifies cross-chain usage without needing direct FIL blockchain interactions.
Frequently asked questions
What is WFIL and how does it differ from Filecoin (FIL)?
WFIL is an Ethereum-compatible version of Filecoin (FIL), wrapped to work on Ethereum's blockchain. While FIL operates natively on the Filecoin network, WFIL follows ERC-20 standards for DeFi integration.
How does WFIL's wrapping technology work?
WFIL uses a custodial or decentralized bridge that locks FIL tokens and mints an equivalent amount of WFIL on Ethereum. The process is reversible to redeem the original FIL.
How is WFIL's supply controlled?
WFIL's supply matches locked FIL 1:1. New WFIL is minted when users deposit FIL into the bridge, and burned when redeeming FIL.
How can I store and use WFIL?
WFIL works with any ERC-20 wallet like MetaMask. It's used for Ethereum-based DeFi activities: lending, trading, or yield farming.