Overview

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.

Why Wrap Assets?

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.

Broadened Asset Utilization

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

Simplified Integration

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

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.

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.

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.