WHBAR is a wrapped version of the Hedera Hashgraph cryptocurrency, HBAR. It is an ERC-20 token that is backed by HBAR, which means that for every WHBAR token in circulation, there is an equivalent amount of HBAR held in reserve. This allows users to trade and use HBAR on Ethereum-based platforms, which can increase its liquidity and accessibility. WHBAR can be used for a variety of purposes, including payments, staking, and governance.

One of the benefits of WHBAR is that it allows users to access the benefits of both the Hedera Hashgraph and Ethereum ecosystems. Hedera Hashgraph is known for its fast and secure transactions, while Ethereum is known for its smart contract capabilities and decentralized applications. By wrapping HBAR in an ERC-20 token, users can take advantage of both of these features. Additionally, WHBAR can be traded on decentralized exchanges (DEXs) like Uniswap, which can provide users with more control over their trades and potentially lower fees compared to centralized exchanges.