Wrapped XTZ
Wrapped XTZ
WXTZ
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About Wrapped XTZ
Wrapped XTZ (WXTZ) is a wrapped representation of XTZ, the native asset of the Tezos blockchain.
Tezos is a proof-of-stake smart contract platform whose protocol can be upgraded through an on-chain governance process. Tezos is designed to support regular upgrades without relying on contentious hard forks. Its smart contracts are commonly written in Michelson, a language built to support formal verification, which is a method for mathematically checking contract behavior.
In practice, “WXTZ” is used in more than one place, so the exact token depends on the network:
On Etherlink (an EVM-compatible Layer 2 powered by Tezos smart rollups), Etherlink documentation describes WXTZ as a wrapped form of XTZ that mirrors how WETH works, meaning it provides an ERC-20-like token interface for XTZ on Etherlink.
On Tezos Layer 1, “wXTZ” is also used to refer to wrapped versions of XTZ issued by third parties for Tezos DeFi use cases.
Using XTZ in token-based app flows on Etherlink: Etherlink positions WXTZ as the tokenized form of XTZ for dApps and protocols that expect ERC-20-like tokens.
Wrap and unwrap mechanics (1:1): Wrapping typically locks XTZ in a contract and mints an equivalent amount of WXTZ, while unwrapping burns WXTZ and releases XTZ.
For Etherlink WXTZ, Etherlink documentation describes WXTZ as an Etherlink token intended to replicate WETH-style behavior for XTZ on Etherlink. For other “wXTZ” deployments, issuance depends on the specific provider (for example, StakerDAO describes its own wrapped Tezos product in its documentation).
