// Wrapped Monero · ZXMR · Arbitrum
Monero,
on Arbitrum.
ZXMR brings Monero into DeFi: a decentralized, full-reserve, 1:1 wrapped-Monero ERC-20, secured by a federation of independent operators instead of a single custodian. Every ZXMR is backed 1:1 by XMR held in reserve.
// Why ZXMR exists
Monero is the leading privacy money, but its value has been walled off from the on-chain economy — no DeFi to use it in, no liquidity to earn from, no way to put it to work. ZXMR is the bridge into DeFi: it brings XMR liquidity on-chain so Monero holders can use it across DeFi, earn from it, and move freely in and out, without ever selling their XMR.
The mission: connect Monero to DeFi — 1:1, tradable, and always redeemable.
Wrap, trade or earn,
redeem whenever.
Full explainer →Send real XMR
Request a per-user Monero subaddress, send XMR to it, and wait for the deposit to confirm and unlock — about 20 minutes typically.
Use it on the exchange
Once independent operators confirm your deposit, ZXMR mints to your address, minus a wrap fee. Swap it against stablecoins and other assets, or add it to a liquidity pool to earn a share of the trading fees.
Burn back to XMR
Enter an amount and your Monero address in the app. Your ZXMR is burned and operators pay out XMR minus a redeem fee, after a short safety window.
//How it's secured
No single party controls your funds.
ZXMR is run by a federation of independent operators, not one company holding one key. Here's what that means in practice.
No single key can mint
Minting ZXMR takes agreement from multiple independent operators — not one person with one key.
Operators are vetted and bonded
Operators aren't just anyone — each one is vetted and puts up a financial bond that can be forfeited for misbehavior.
Reserves are provable on-chain
Anyone can check that the Monero backing ZXMR actually exists — it's posted on-chain, not just an internal dashboard you have to trust.
Redemptions have a safety window
Burning ZXMR for XMR back goes through a short waiting period before payout, so a problem can be caught before funds move.
Changing operators takes time
Who the operators are can't be swapped instantly — changes are proposed, then wait, then take effect.
Every mint and redeem is public
Anyone can watch each wrap and redeem happen live and check it independently — the whole flow is out in the open, not hidden behind an operator dashboard.
Backing rule
Vault XMR reserves ≥ total ZXMR supply, at all times.
It is equal at the moment of each mint — the wrap fee is itself minted as backed fee-ZXMR from the same deposit, so freshly-minted supply exactly matches freshly-deposited XMR — and strictly greater once redeem-fee surplus accrues, since every redemption burns more ZXMR than the XMR paid out.
See reserves & supply →The peg, precisely
ZXMR tracks XMR the asset, not a fixed dollar value.
The USD price of ZXMR is set by the market, not by an on-chain oracle.
How the peg works →