What is Wrapped A7A5 [OLD]?

Wrapped A7A5 (wA7A5) is a non-rebasing token designed for compatibility with decentralized finance platforms, addressing the liquidity challenges associated with rebasing tokens. It is derived from A7A5, a rouble-backed stablecoin that aims to maintain a 1:1 peg to the Russian Rouble. A7A5 is issued in Kyrgyzstan by the company Old Vector, which complies with local regulations for virtual asset service providers.

Holdings in the form of rouble deposits are managed by reputable banks with a correspondent network linked to the Kyrgyz Republic. A7A5 generates revenue through interest, with 50% of earnings distributed daily to token holders. The token benefits from a transparent operational framework, including weekly reserve reports and quarterly audits by independent firms, ensuring adherence to regulatory requirements and investor protections.