WFLR
Wrapped Flare
Wrapped Flare
WFLR
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About Wrapped Flare
Wrapped Flare (WFLR) is the wrapped, ERC-20–style version of Flare’s native FLR token, issued one-to-one when users deposit FLR into a wrapping contract and redeemable back into FLR at the same rate. WFLR is the main participation token on Flare: it carries vote power that can be delegated to Flare Time Series Oracle (FTSO) data providers and to governance, and it is the balance used to calculate eligibility for FlareDrops and other incentive programs. WFLR lets holders earn FTSO rewards, take part in governance and access DeFi applications while keeping tokens liquid and transferable. It is a protocol-level mechanism created by the Flare team, led by founders Hugo Philion, Sean Rowan and Naïri Usher, to add programmable delegation and voting to the FLR token.
Wrapped Flare (WFLR) is the wrapped version of Flare Network’s native token FLR. It is an ERC-20–style representation of FLR issued on a 1:1 basis by a wrapping contract and redeemable back into native FLR at the same rate.
On Flare, FLR is the gas and base asset, while WFLR is the main “utility” form of the token for on-chain participation. The Flare white paper describes WFLR as the token used to track and delegate vote power to the Flare Time Series Oracle (FTSO) and to governance, while remaining fully equivalent in value to FLR.
WFLR exists only when users deposit FLR into the wrapping contract. There is no separate maximum supply for WFLR; the total WFLR in circulation is equal to the amount of FLR that has been wrapped at any given time.
1. Delegating to the Flare Time Series Oracle (FTSO)
Native FLR cannot be delegated directly. To take part in the FTSO system, users first wrap FLR into WFLR. WFLR balances are then used as “vote power” that can be delegated to up to two FTSO data providers per address.
FTSO providers submit price and data feeds to the network and receive FLR rewards based on accuracy. Those rewards are shared with users who delegated WFLR to them, so holding and delegating WFLR is the standard way to earn FTSO rewards.
2. Governance voting
WFLR is also the token used to express governance vote power on Flare. The white paper defines WFLR as the ERC-20 token that tracks and delegates both FTSO vote power and governance vote power, making wrapped tokens the primary instrument for on-chain decision-making.
Holders can either vote directly or delegate their WFLR-based vote power to another address without transferring the tokens themselves. This delegation model lets tokens stay liquid while still participating in oracle and governance processes.
3. Eligibility for FlareDrops and incentive programs
A key ongoing use of WFLR is eligibility for FlareDrops, the monthly FLR distributions to network participants. Official Flare guidance states that users who hold WFLR (and/or stake FLR) during each snapshot period receive a proportional share of each FlareDrop, and delegated WFLR continues to accrue these rewards.
Because WFLR is the token tied to both delegation and drops, many users convert a portion of their FLR into WFLR and keep it wrapped over time to maximize their share of these distributions.
4. General DeFi and dapp interactions
WFLR can be used anywhere an ERC-20–style token is required inside the Flare ecosystem, including:
As a deposit or liquidity asset in DeFi applications
As collateral or a reward token in third-party protocols
For integrations that expect a standard token interface rather than the native gas token
Wrapping FLR into WFLR allows it to interact with smart contracts in a standardized way and simplifies integration with wallets and dapps that recognize token contracts rather than native assets.
5. Maintaining liquidity while delegating
One design goal of WFLR is to let users delegate vote power without locking their tokens. When WFLR is delegated:
The user keeps full custody of the WFLR
WFLR remains transferable and can still be used in other on-chain actions
Vote power follows the user’s WFLR balance automatically, updating if the balance changes
This “detachable vote” behavior means WFLR holders can participate in FTSO and governance while retaining the ability to move or unwrap tokens at any time, subject to gas fees paid in FLR.
Wrapped Flare is not a separate project with its own founding team. It is a core token mechanism of the Flare Network, introduced in the Flare white paper as the way to add programmable governance and delegation functions to the FLR token.
Flare Network itself was founded by:
Hugo Philion – co-founder and CEO of Flare Networks, with a background as a derivatives trader and a master’s degree in machine learning from University College London (UCL)
Sean Rowan – co-founder with research and engineering experience in distributed systems and networking, also associated with UCL
Naïri (Nairi) Usher – co-founder and chief scientist, with a background in quantum information and related research fields
The founders first outlined the network and its original Spark token in the 2020 Flare white paper. Wrapped FLR (WFLR) appears in Flare’s v2.0 documentation as the ERC-20 token issued one-to-one with FLR to enable delegation to the FTSO and governance protocols.
In practice, WFLR is implemented and maintained by the Flare core development team under Flare Networks and Flare Labs, and it is used across the ecosystem by wallets, FTSO providers, and dapps that integrate Flare’s delegation and rewards systems.
