wADA is Supported on

Coming Soon

Ethereum

Coming Soon

BNB Chain

Coming Soon

Polygon

Coming Soon

Avalanche

Coming Soon

Cardano

Coming Soon

Fantom

Coming Soon

Arbitrum One

Coming Soon

Optimism

Coming Soon

Dogechain

Coming Soon

Fuse

Coming Soon

Telos

Coming Soon

Milkomeda (C1)

Coming Soon

Moonriver

Coming Soon

Aurora

Coming Soon

Conflux

Coming Soon

Base

Coming Soon

opBNB

Coming Soon

Humanode

Coming Soon

STEP

Coming Soon

Stratis

Coming Soon

Rootstock

Coming Soon

IOTA EVM

Coming Soon

Linea

Coming Soon

Chiliz

Coming Soon

NeurochainAI

wADA & ADA - Behind the Scenes

Cardano Blockchain

Cardano is a proof-of-stake blockchain platform, the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to dApps. Cardano's native token is ADA

ADA Token

ADA is the native cryptocurrency of the Cardano blockchain. ADA facilitates transactions, pays fees, and allows staking for network security and rewards. With a maximum supply of 45 billion, ADA supports governance and ecosystem interactions, embodying Cardano’s vision for a scalable, interoperable, and sustainable blockchain platform. ADA was launched in 2017.

ChainPort Bridge

Established in 2021 by DcentraLab, ChainPort is an established and leading blockchain bridge with a heavy focus on security. ChainPort ensures the security of ADA with the use of fund segregation and cold storage vaults with advanced features including multi-sig support. This methodology ensures that approximately 98% of all ADA is safe with only a small percentage in the bridge hot contracts. Read more about ChainPort’s security.

wADA

Wrapped ADA or wADA mirrors ADA’s value and can be deployed on any EVM chain supported by ChainPort, enabling its use in DeFi protocols and DEXs. wADA allows users to get exposure to ADA on Ethereum and EVM-compatible chains.

How it Works

The process behind the creation of wADA: For every ADA deposited into ChainPort, there is one wADA minted. Approximately 98% of all ADA is stored in ChainPort’s battle-tested cold storage vaults with advanced multi-sig features.

wADA Mint

ChainPort users can initiate the process by sending ADA to ChainPort's Cardano bridge Address. 
wADA (Wrapped ADA) is then minted on the user’s preferred chain.

wADA Burn

Porting wADA back to ADA on Cardano is simple. The wADA is burned by the bridge, which sends the tokens to a burn address.

ADA Unlock

After the wADA has been confirmed as burnt, ADA will be unlocked and sent to the user's Cardano address.

ChainPort’s Proof of Assets

Check out ChainPort vaults and deployer addresses on the transparency page

How does wADA maintain a price peg with ADA?

wADA maintains a price peg with ADA because every wADA token can be bridged back to Cardano and redeemed at a 1 to 1 ratio. As such, any time the price of wADA deviates from the price of ADA, investors, algo traders and other sophisticated players can profit by keeping the price aligned. These mechanisms work together to ensure that wADA’s value remains stable, linked to the value of ADA, and will not fluctuate significantly.

How is wADA secured?

wADA maintains a price peg with ADA because every wADA token can be bridged back to Cardano and redeemed at a 1 to 1 ratio. As such, any time the price of wADA deviates from the price of ADA, investors, algo traders, and other sophisticated players can profit by keeping the price aligned. These mechanisms work together to ensure that wADA’s value remains stable, linked to the value of ADA, and will not fluctuate significantly. 

On which chains can I find wADA?

ChainPort supports wADA on any chain, but not every chain will offer a wADA trading pair or liquidity. Do your research before bridging to wADA.

How can I get wADA?

You can get wADA easily by bridging ADA to a ChainPort-supported chain. Alternatively, you can purchase it on a supported DEX or CEX that lists a wADA pair.

Make Some wADA!

Port ADA, create wADA and onboard Cardano.

wADA Benefits

Standardized as ERC-20

wADA is EVM compatible, allowing easy deployment on any ChainPort-supported blockchain.

Traded as an Altcoin

It is possible to list wADA on DEXs and trade it like any other altcoin on that chain.

ADA mirroring token

ChainPort's proof-of-reserves confirms that wADA is 100% backed and is pegged to ADA’s value.