Wrapped Elephant (WELEPHANT) is a community token on BNB Chain and Base. It is the wrapped form of ELEPHANT, the token of the Elephant Money (ELEPHANT) ecosystem established in 2020, and is backed by deep, permanently locked liquidity. Each WELEPHANT represents 100,000 ELEPHANT and carries a 0% transfer fee, compared to ELEPHANT's 10%, making it suited for trading, bridging, and DeFi use.

The WELEPHANT protocol operates an autonomous on-chain engine that generates fees around the clock. These fees are used to buy WELEPHANT from the open market, creating continuous, verifiable buy pressure. A fixed 20% of every buyback is routed to the staking vault, where holders can stake WELEPHANT for stWELEPHANT — an ERC-4626 vault token that appreciates automatically as rewards accrue, with no lock-up period. The vault also receives 0.25% of every WELEPHANT/BNB swap made through the protocol.

The token, swap contract, and staking vault are fully permissionless, with no admin keys, no ability to change fee percentages, and no custodial functions. WELEPHANT can be bridged between BNB Chain and Base via Wormhole.