A complete proof of reserves and tamper-proof transaction history of wrapped tokens on Flare is fully transparent and verifiable on-chain via Hex Trust. All actions related to minting, burning and transferring are accounted for. These immutable records can also be viewed on the Coston Explorer (wETH Token) 24/7, at your convenience.
All wETH tokens are pegged at 1-to-1 with wETH and are backed 100% by HexTrust's reserves. The value of our reserves is verifiable in real-time on this page and via the Flare Block Explorer.
Below is the link to the wETH Publicly Verifiable Code & Transaction History
0x135cB19AcdE9fFB4654caCE4189A0E0Fb4B6954eThe wETH token is made possible through our strategic partnership with reputable and established merchants. These merchants serve as gateways for users like you who wish to use wrapped tokens on the Flare Network. To initiate the minting and burning of the wrapped stablecoin, merchants are required to deposit an equivalent amount of collateral in its native form; in this case, wETH.
Join the Wrapped Flare ecosystem as a merchant with the assistance of our dedicated team who will guide you through every step of the process.
You can get started by filling out the form on our dedicated page:
As your trusted custodian, Hex Trust provides full transparency through real-time verifiable transactions on the minted assets. Below are the addresses which are controlled by Hex Trust that hold the assets.