Wrapped XTZ

• 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).