WrappedM by M0

WM Price

About WrappedM by M0 (WM)

WrappedM by M0 (WM) is a non-rebasing, institutional-grade wrapper for the M stablecoin, designed to provide a static balance version of the yield-bearing asset for seamless integration into decentralized finance (DeFi) protocols.

• It maintains a strict 1:1 exchange rate with the underlying M token, which is pegged to the value of the US Dollar.
• As a non-rebasing ERC-20 token, it ensures compatibility with automated market makers (AMMs), lending platforms, and other DeFi applications that require static token balances.
• The asset is part of the M0 modular stablecoin infrastructure, which separates stablecoin design, distribution, and issuance for enhanced flexibility and transparency.

What Is WrappedM by M0

WrappedM by M0 serves as the DeFi-compatible gateway to the M0 ecosystem's primary stablecoin, M. While the native M token is a rebasing asset whose balance automatically increases as yield is earned, WM abstracts this complexity by maintaining a static balance. This allows users to hold a stable-priced unit while the natively accrued yield from the underlying principal is managed separately.

Value moves through the system via a wrapping and unwrapping mechanism. Users deposit M into the WM smart contract to mint WM at a 1:1 ratio. The token is put to work primarily as a stable collateral and liquidity asset within DeFi. As the M0 ecosystem grows and more M is minted against real-world asset collateral, WM acts as the standardized unit for institutional and retail liquidity across multiple blockchain networks, including Ethereum, Solana, and Arbitrum.

What Makes WrappedM by M0 Unique

• Non-Rebasing Architecture: Unlike many yield-bearing stablecoins that use rebasing or changing exchange rates, WM maintains a flat 1:1 peg with M, simplifying accounting for DeFi protocols.
• Modular Infrastructure: WM is built on the M0 stack, which allows partners to configure their own stablecoin extensions while leveraging shared liquidity.
• Institutional Backing: The protocol is supported by prominent venture capital firms, emphasizing its focus on institutional-grade infrastructure.
• Transparency and Attestation: The underlying M token is backed by short-term U.S. Treasury bills, with independent validators attesting to collateral sufficiency on-chain.

What Can You Use WrappedM by M0 for?

WrappedM by M0 is pegged to the US Dollar.

1. Value retention: WM allows users to hold a digital, on-chain representation of the US Dollar, providing a stable unit of account that may reduce exposure to the volatility of the broader cryptocurrency market.
2. Yield generation: While WM itself has a static balance, its underlying M principal earns yield from short-term U.S. Treasury bills held in bankruptcy-remote vehicles. The protocol allows for the programmatic management and claiming of this yield by approved recipients or integrated applications.
3. Cross-border settlement / value transfer: As a standardized ERC-20 token available on multiple networks, WM facilitates frictionless cross-border transfer of US Dollar value, enabling global trade and international remittances without the need for traditional banking intermediaries.
4. Collateralization: WM is designed to be used as high-quality collateral in decentralized borrowing and lending protocols, as well as margin for derivatives trading, thanks to its static balance and 1:1 redeemability for the M stablecoin.

How Does WrappedM by M0 Work?

The technical mechanism of WrappedM by M0 centers on its role as a vault-style wrapper. When a user calls the wrap function, they deposit M tokens into the WM contract, which then mints an equivalent amount of WM. The underlying M tokens are backed 100% by short-term U.S. Treasury bills held in bankruptcy-remote special purpose vehicles.

Independent validators in the M0 network attest to the sufficiency of this collateral before any M can be minted. Users can unwrap their WM at any time to reclaim the underlying M tokens at a 1:1 ratio. Because WM is an application utility token, any transaction fees associated with its use on a specific network are paid in that network's native gas token, while the protocol itself may charge protocol service fees for certain operations.

Team Info and Investors

WrappedM by M0 is developed by the M0 Foundation, a team focused on building modular stablecoin infrastructure. The project is backed by a significant funding round led by Bain Capital Crypto. Other major investors include Polychain Capital, Pantera Capital, Road Capital, Standard Crypto, and Galaxy Ventures. The protocol emphasizes a decentralized governance structure through its validator and minter network.

Where can you buy WrappedM by M0?

WM tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade WrappedM by M0 is Uniswap V3 (Ethereum), where the most active trading pair WM/USDC has a trading volume of $1,794,040.30 in the last 24 hours.

What is the daily trading volume of WrappedM by M0 (WM)?

The trading volume of WrappedM by M0 (WM) is $1,794,140.27 in the last 24 hours, representing a 2.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for WrappedM by M0 (WM)?

WrappedM by M0 (WM) reached an all-time high of $15.40 and an all-time low of $0.9690. It’s now trading -93.50% below that peak and 3.20% above its lowest price.

What is the market cap of WrappedM by M0 (WM)?

Market capitalization of WrappedM by M0 (WM) is $86,498,190 and is ranked #277 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of WM tokens (87 Million tokens are tradable on the market today).

What is the fully diluted valuation of WrappedM by M0 (WM)?

The fully diluted valuation (FDV) of WrappedM by M0 (WM) is $86,498,190. This is a statistical representation of the maximum market cap, assuming total number of 87 Million ETH tokens are in circulation today.

How does the price performance of WrappedM by M0 compare against its peers?

With a price decline of 0.00% in the last 7 days, WrappedM by M0 (WM) is underperforming the global cryptocurrency market which is up 1.50%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add WrappedM by M0 (WM) to MetaMask?

Adding WrappedM by M0 (WM) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import WM as a token. You can copy WM’s contract address (0x437cc33344a0b27a429f795ff6b469c72698b291) and import it manually, or if you've installed MetaMask's chrome extension, add WM to MetaMask with one click on CoinGecko.

Add WM to MetaMask.