Wrapped BNB (WBNB) is a blockchain token pegged to the value of Binance Coin (BNB), the native token of the Binance cryptocurrency exchange. WBNB conforms to the BEP-20 standard on the BNB Smart Chain (BSC), a blockchain network that supports smart contracts and decentralized applications (DApps). Similar to wrapped ETH (WETH) and wrapped Bitcoin (WBTC), WBNB allows users to use BNB to participate in DeFi, such as providing liquidity in liquidity pools, yield farming and trading on decentralized exchanges (DEXs).

The vision of WBNB is to enhance the interoperability and scalability of the BNB Chain. It bridges the gap between the Binance ecosystem and other blockchain ecosystems like Ethereum, Polygon, Solana, Avalanche and more. This increases the utility and demand of both BNB and WBNB and allows WBNB to function as collateral across different ecosystems.


## Who Are the Founders of Wrapped BNB?

BNB is launched by Binance, which was founded by Changpeng Zhao, also known as CZ. He is the CEO of Binance, the largest cryptocurrency exchange in terms of volume. He was born in China and moved to Canada with his family when he was a teenager. CZ launched Binance in 2017 and is now one of the most recognized names in the crypto space, and a leader who has a passion for blockchain technology and cryptocurrency.


## What Makes Wrapped BNB Unique?

Users can swap their BNB for WBNB using a bridge. They can use their WBNB to interact with various DeFi protocols and DApps on BSC and other chains. Users can also swap their WBNB back to BNB using the same bridge service at any time.

Advantages of WBNB include low fees, fast transactions and high performance metrics of the BNB Chain. In addition, users have access to a wide range of DeFi opportunities and innovations on the BNB Chain. Furthermore, BNB and WBNB are linked in price, meaning investors can remain invested in BNB while participating in DeFi.

Moreover, WBNB can be bridged cross-chain and be used on different blockchains. Users benefit from the diverse ecosystem of dApps and protocols that exist on these networks, such as DEXs, lending platforms and gaming platforms. For example, users can swap WBNB for other ERC-20 tokens on Uniswap or PancakeSwap, or use WBNB as collateral to borrow stablecoins on Aave.

WBNB also enhances liquidity and efficiency by bridging the gap between BNB and other tokens. Users can easily wrap their BNB to WBNB and vice versa without trusted intermediaries. This reduces transaction costs, delays and risks.

Finally, WBNB is backed by an equal amount of BNB that is locked in a smart contract on the original blockchain. The smart contract ensures that there is always a 1:1 ratio between WBNB and BNB, and that users can redeem their WBNB for BNB at any time. The smart contract also prevents double-spending, fraud or manipulation of the supply of WBNB. The process of wrapping and unwrapping BNB is transparent and verifiable by anyone on-chain.