A note about the expected volatility of wXTZ: Wrapped Tezos represents a new asset class on Tezos. It is directly exchangeable for 1 XTZ but only by users who have a XTZ vault with a positive balance and a desire to burn wXTZ can unlock their XTZ. At any given time, especially before there is ample external utility and more liquidity for wXTZ, it is likely that wXTZ will not stay closely pegged to XTZ. Expect significant volatility.