Wrapped iTRY

WITRY Price

About Wrapped iTRY (witry)

Wrapped iTRY (wiTRY) is a yield-bearing wrapper for the iTRY stablecoin, designed to provide exposure to Turkish money market yields through a regulated on-chain asset.

• Automatically appreciates in value relative to the iTRY stablecoin as yields from underlying money market funds are vested into the contract.
• Backed by a BVI-regulated fund holding Turkish Lira money market instruments, providing an institutional-grade foundation for the asset.
• Utilizes LayerZero technology to enable cross-chain availability and interoperability across the Ethereum and MegaETH networks.

What Is Wrapped iTRY

Wrapped iTRY (wiTRY) serves as the yield-earning counterpart to iTRY, a stablecoin pegged to the Turkish Lira. It is designed to bridge the gap between traditional emerging market assets and global capital by tokenizing money market yields.

Value moves through the system as the underlying fund—which is regulated in the British Virgin Islands (BVI)—earns returns from short-duration Turkish Lira instruments. These earnings are used to mint new iTRY, which are then deposited into a staking contract and vested linearly. The token is "put to work" through its automatic appreciation mechanism; holders do not need to manually stake or claim rewards, as the exchange rate between wiTRY and iTRY shifts over time to reflect the accrued yield.

As the ecosystem scales, the project aims to expand access to other emerging market assets, positioning wiTRY as a flagship product for global investors seeking localized yield on-chain.

What Makes Wrapped iTRY Unique

• Regulated Backing: Unlike many stablecoins, wiTRY is backed by regulated money market funds rather than simple bank deposits or crypto-collateral.
• Yield-Bearing Architecture: The wrapped token design allows the asset to accrue value natively, simplifying the user experience for yield generation.
• Cross-Chain Interoperability: Through its integration with LayerZero, wiTRY can move between networks like Ethereum and MegaETH while maintaining a unified supply.
• Institutional Guardrails: The project emphasizes compliance and security, utilizing institutional custody via Zodia and proof of reserves provided by Accountable Capital.

What Can You Use Wrapped iTRY for?

1. Value retention: Wrapped iTRY allows users to hold a digital, on-chain representation of the Turkish Lira, potentially reducing exposure to the volatility of non-pegged cryptocurrencies while maintaining liquidity.
2. Yield generation: The asset provides direct access to yields derived from Turkish Lira money market instruments. As the underlying BVI-regulated fund earns returns, new iTRY is vested into the staking contract, causing wiTRY to appreciate in value relative to the base stablecoin.
3. Cross-border settlement / value transfer: It can be used for international remittances and global trade, facilitating the frictionless transfer of Turkish Lira value across borders via the Ethereum and MegaETH networks.
4. Collateralization: The source indicates its potential use as backing for borrowing and lending protocols or as margin for derivatives, though specific protocol integrations are not detailed in available materials.

How Does Wrapped iTRY Work?

wiTRY functions as a staking wrapper for the iTRY stablecoin. When users stake iTRY, they receive wiTRY in return. The protocol earns interest from institutional-grade money market funds, and these gains are converted into iTRY. These newly minted iTRY tokens are released into the wiTRY staking contract through a linear vesting process, a method that ensures the value of wiTRY increases steadily compared to iTRY.

Users can exit their positions by unstaking wiTRY back to iTRY, which involves a cooldown period. Alternatively, a "Fast Redeem" option is available, allowing for immediate exit in exchange for protocol service fees. The asset's cross-chain capabilities are powered by LayerZero, ensuring that the token's utility is not limited to a single blockchain.

Team Info and Investors

The project is developed by Brix, a tokenization layer focused on emerging market assets. While specific founders are not named in the source material, the project is supported by a network of institutional partners including Circle for settlement and Zodia for custody. Governance and compliance are overseen with the assistance of advisors like Stefano Perazzini, a former chief compliance officer at UniCredit. The project maintains transparency through proof of reserves audits conducted by Accountable Capital, ensuring that the tokenized assets match the underlying fund holdings.

Where can you buy Wrapped iTRY?

WITRY tokens have stopped trading 17 days ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Wrapped iTRY (WITRY)?

The trading volume of Wrapped iTRY (WITRY) is $43.64 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Wrapped iTRY (WITRY)?

Wrapped iTRY (WITRY) reached an all-time high of $0.02322 and an all-time low of $0.02275. It’s now trading -0.10% below that peak and 2.00% above its lowest price.

What is the market cap of Wrapped iTRY (WITRY)?

Market capitalization of Wrapped iTRY (WITRY) is $7,791,492 and is ranked #1280 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of WITRY tokens (340 Million tokens are tradable on the market today).

What is the fully diluted valuation of Wrapped iTRY (WITRY)?

The fully diluted valuation (FDV) of Wrapped iTRY (WITRY) is $7,791,492. This is a statistical representation of the maximum market cap, assuming total number of 340 Million ETH tokens are in circulation today.

How does the price performance of Wrapped iTRY compare against its peers?

With a price increase of 0.30% in the last 7 days, Wrapped iTRY (WITRY) is outperforming the global cryptocurrency market which is down -3.40%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.30%.

How to add Wrapped iTRY (WITRY) to MetaMask?

Adding Wrapped iTRY (WITRY) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import WITRY as a token. You can copy WITRY’s contract address (0xe346c29b5b60ef870b9724c57ccfbbc631e47dee) and import it manually, or if you've installed MetaMask's chrome extension, add WITRY to MetaMask with one click on CoinGecko.

Add WITRY to MetaMask.