WrappedM by M0Price(WM)
Details WrappedM by M0 (WM) Price information (USD)
The current real-time price of WM is $0.9973. In the past 24 hours, WM has traded between $0.9938 and $1.006, showing strong market activity. The all-time high of WM is $15.4, and the all-time low is $0.9690.
From a short-term perspective, the price change of WM over the past 1 hour is
WrappedM by M0 (WM) Market Information
WrappedM by M0 (WM) Today's Price
The live price of WM today is $0.9973, with a current market cap of $95.126M. The 24-hour trading volume is 2M. The price of WM to USD is updated in real time.
WrappedM by M0 (WM) Price History (USD)
What is WRAPPEDM BY M0 (WM)?
When is the right time to buy WM? Should I buy or sell WM now?
Before deciding whether to buy or sell WM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WM technical analysis can provide you with trading references.
Future price trend of WM
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WM.
How much will WM be worth tomorrow, next week, or next month in ? What about your WM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WM Price Prediction
How to buy WRAPPEDM BY M0 (WM)
Convert WM to local currency
WM Resources
To learn more about WM, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x4cbc...5e6470  | 64.061M | 66.8% |
ethereum | 0xff95...2749c2 | 14.631M | 15.26% |
ethereum | 0x970a...b79288 | 9.637M | 10.05% |
ethereum | 0x0502...143033 | 7.807M | 8.14% |
ethereum | 0x608e...752067 | 400.000K | 0.42% |
Other | -630,839 | -0.66% |
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WRAPPEDM BY M0 (WM) FAQ
What is WrappedM by M^0 (wm)?
WrappedM by M^0 (WM) is a decentralized, over-collateralized stablecoin designed to maintain a stable peg to the US Dollar. It is native to the blockchain and aims to provide capital efficiency and yield generation. WM is an ERC-20 wrapped token on the Ethereum ecosystem, representing M^0's native asset in a format compatible with Ethereum-based decentralized finance (DeFi) protocols. This allows holders of the original asset to access Ethereum's smart contracts, liquidity pools, and other decentralized services without losing its value peg.
How does WrappedM by M^0 (wm) work?
WM is generated when users deposit an accepted collateral asset into a smart contract vault on WrappedM by M^0. Users can then mint WM against their collateral, creating a decentralized line of credit. The M^0 protocol itself serves as both the minting and management platform for WM and a liquid staking protocol. This dual functionality enables users to stake assets for network security while receiving a liquid token (LCRO) that can be used elsewhere in DeFi. The wrapper contracts allow for control over the yield earned on assets within protocols.
What are the key features of WrappedM by M^0 (wm)?
Key features include DeFi compatibility, allowing it to work with lending platforms, AMMs, and other protocols that require standard ERC-20 token behavior. It also preserves the yield-earning capabilities of the underlying M token and aims for a direct value link to M for earners. The system is designed to maintain a solvency invariant, ensuring it is always fully backed. WM also offers flexible yield options and delegated administration for managing earner status without governance.
How can users earn rewards with WM?
Users can earn rewards by depositing WM stablecoins into the WrappedM by M^0 Stability Pool. This action makes capital available to absorb debt from liquidated collateralized debt positions (CDPs). In exchange for providing this liquidity, users earn rewards from two sources: discounted collateral from liquidated positions and continuous WM governance token emissions. The yield for staking WM is variable and depends on liquidation events and WM token emissions.
Is staking WM safe, and what are the main risks?
WrappedM by M^0 has undergone audits by security firms. However, like all DeFi protocols, it carries inherent risks, including smart contract bugs and economic exploits. Users are advised to do their own research before participating.
What happens to WM during a liquidation?
If a vault is liquidated, deposited WM is burned proportionally to the user's share of the pool to pay off the liquidated vault's debt. In return, the user receives a proportional amount of the vault's collateral at a discount.
