Wrap — eDMT

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Plate IV.A./Wrapper snapshot

Current wrapped supply.

Circulating supply of wrapped wholes and BURN fragments.

Wrapped wholes

—pcs

ERC-721 supply

Wrapped BURN

—BURN

ERC-20 supply · 10^9 per ETH

Indexer head

#26,339,276block

real status; the other cards are placeholders

IV.B.3./Mint bENAT

Send protocol-layer BURN fragments to the operator, then claim tradable ERC-20 bENAT through the Router.

01.Choose source and amountUse balance to spend fragment FIFO, or choose a whole blk to split. Amount is integer gwei.
02.Page waits for finalityAfter the first wallet confirmation, the page records the tx and waits the 12–15 minute finality window.
03.Continue claim automaticallyOnce confirmations are ready, the page gets the Router receipt and opens the second wallet confirmation to claim bENAT.
04.bENAT arrivesYour wallet receives bENAT after the 2% mint tax is deducted.

Pitfalls

Wrapping fragments consolidates your FIFO queue into a single pool. Provenance of individual fragments is lost once wrapped.
If the operator EOA is unreachable, deposits broadcast in step 1 are stuck until the operator returns. Verify operator status (last activity on /transparency) before submitting step 1.

Plate IV.C./Plate IV.C. · Why wrap

Arguments for wrapping

Composability with standard ERC-721 / ERC-20 tooling — AMMs, marketplaces, portfolio trackers.
Liquid secondary market for fragments without the price opacity of peer-to-peer gwei transfers.
Custody abstraction — the operator EOA can serve users who do not want to self-manage their raw key lifetime.

Arguments against

Strictly more trust: a single operator EOA private-key compromise can drain all wrapped supply. There is no multi-signature backstop.
Finality lag (~12–15 min) on every wrap and unwrap; not suited for workflows that need instant state changes.
Era, rarity, and similar tags are lost after wrapping — the wrapper only recognizes block numbers.

When wrapping is justified.

Arguments for wrapping

Composability with standard ERC-721 / ERC-20 tooling — AMMs, marketplaces, portfolio trackers.
Liquid secondary market for fragments without the price opacity of peer-to-peer gwei transfers.
Custody abstraction — the operator EOA can serve users who do not want to self-manage their raw key lifetime.

Arguments against

Strictly more trust: a single operator EOA private-key compromise can drain all wrapped supply. There is no multi-signature backstop.
Finality lag (~12–15 min) on every wrap and unwrap; not suited for workflows that need instant state changes.
Era, rarity, and similar tags are lost after wrapping — the wrapper only recognizes block numbers.