The Wrap Module in FRAG-22 provides an essential functionality enabling external DeFi protocols to seamlessly integrate and interact with the FRAG-22 asset ecosystem. Wrapping transforms native FRAG assets into SPL tokens (wFRAG tokens) that can be freely utilized within broader DeFi applications.

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Why Wrap Assets?

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Interoperability with DeFi

Wrapping FRAG assets into SPL tokens enhances compatibility with a wide range of external DeFi applications, significantly expanding utility and accessibility for users and protocols.

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Broadened Asset Utilization

By wrapping assets, users can leverage their FRAG positions across multiple platforms, maximizing capital efficiency, liquidity, and yield generation opportunities.

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Simplified Integration

External DeFi protocols gain straightforward integration capability without changing their code to support Token 2022 transfer hook.

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Controlled Reward Distribution

The Wrap Module facilitates controlled and accurate reward distribution to external protocols, allowing DeFi applications to internally distribute rewards proportionally among their users.

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Core Functionalities of the Wrap Module

  • Asset Transformation: Converts native FRAG assets into standardized wrapped tokens (wFRAG).
  • Reward Management: Precisely accumulates and tracks rewards for wrapped tokens, ensuring fair and accurate distribution.
  • Seamless External Interaction: Provides simple entry and exit points between FRAG-22 and external DeFi ecosystems.
  • Enhanced Security: Maintains tight control and transparency throughout wrapping, reward accumulation, and redemption processes.

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High-Level Interaction Overview

The Wrap Module positions FRAG-22 assets for broader decentralized use, combining security, simplicity, and interoperability to extend asset functionality far beyond the native FRAG-22 ecosystem.