Wrapping is the act of taking a blockchain asset and issuing an equivalent representation on another blockchain, while allowing for a two-way transfer between the two assets.

Wrapped is a joint-initiative by Anchorage and Tokensoft with the purpose of creating greater interoperability between blockchains. Wrapped will accomplish this by wrapping layer one blockchains and issuing 1:1 representations on the Ethereum blockchain.

Wrapped ZCash can be used in decentralized exchanges such as Uniswap or in defi applications that accept Wrapped Zcash as collateral or similar.

Wrapped ZCash can be used in decentralized exchanges such as Uniswap or in defi applications that accept Wrapped Zcash as collateral or similar.

Zcash shielded transactions enable privacy between transacting parties with respect to sending addresses, receiving addresses, and amounts. Purchasers of Wrapped Zcash can now pay with Zcash from a shielded address to create Wrapped Zcash without revealing the balance held in the originating Zcash shielded address. This enables a balance of on-chain privacy with usability and liquidity traditionally found in Ethereum-based assets.

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