Wrapped Tokens
Helix is deployed exclusively on the Base Layer-2 network, Coinbase’s Ethereum-compatible chain. This enables Helix to support a variety of assets, including popular Coinbase Wrapped Tokens such as cbXRP, cbDOGE, cbBTC, and more while maintaining full compatibility with Base-native ERC20 standards.
Coinbase’s wrapped assets are backed 1:1 by native crypto, held in custody offchain and automatically converted when transferred to Base. These wrapped tokens are fully ERC20 compliant on Base and freely tradable or usable across DeFi protocols, including Helix. Users can supply, borrow, repay, or withdraw using these assets just like any other token in the ecosystem.
Wrapped Token Market Listings
Helix supports supplying and borrowing of Coinbase wrapped tokens via its standard mechanism:
Users can deposit cbXRP, cbBTC, cbDOGE, and more into Helix pools and receive corresponding hTokens (e.g., hCBXRP) representing their share.
These tokens accrue interest, can be used as collateral according to established LTV and liquidation parameters, and can be withdrawn at any time, subject to liquidity and health factor constraints.
Support for each token is enabled or disabled via governance and controlled through the PoolConfigurator contract.
Risk Parameters & Oracle Integration
Each wrapped token reserve is treated like any other in Helix, with governance-defined parameters for:
Loan-to-Value (LTV)
Liquidation
Borrow caps
Borrowing Enablement
Pricing for wrapped assets such as cbXRP, cbDOGE, cbBTC is provided via Chainlink price feeds or Correlated Asset Price Oracles (CAPO), depending on token behavior and volatility. This ensures accurate collateral valuation even for synthetic representations.
Onchain Behavior & User Experience
Coinbase’s seamless wrapping mechanism enables effortless integration of popular assets into Helix: when users send native XRP, DOGE, BTC and more from a Coinbase account to a Base address, they are automatically converted into cbTokens usable within the protocol. Some benefits include:
Sending native XRP, DOGE, or BTC from a Coinbase account to a Base address automatically converts them. (e.g. cbXRP)
These assets can then be used within Helix for all protocol interactions.
Conversely, withdrawing cbtokens back into a Coinbase account results in automatic redemption to the native asset at a 1:1 ratio.
This seamless conversion makes cbtokens accessible and efficient for both DeFi users and Coinbase custodial customers, enhancing utility and reducing friction.
As a protocol built for Base, Helix delivers seamless support for Coinbase wrapped tokens including cbXRP, cbDOGE, and cbBTC. These tokens integrate into Helix’s lending markets like any other ERC20 asset, enabling supply, borrowing, flash loans, and risk management using standardized mechanisms. Oracle-backed pricing, governance-controlled parameters, and liquidity support ensure that Helix users can engage with both legacy and emerging crypto assets without leaving the Base environment.
Real World Assets
Beyond digital and wrapped crypto assets, Helix aims to bridge the gap between decentralized finance and traditional finance through the integration of Real World Assets (RWAs). This initiative allows tangible assets—such as real estate, securities, commodities, and private credit instruments—to be represented and utilized on-chain in a secure, transparent, and liquid manner. RWAs are tokenized into ERC-20 compliant representations, giving them the same interoperability and composability as native digital tokens within the Helix ecosystem.
How Tokenization Works
Tokenizing real-world assets involves converting ownership rights or claims over a physical or financial asset into digital tokens issued on the Base Layer-2 network. For example, a real estate property can be held by a licensed custodian or trust entity, which then issues on-chain tokens (e.g., rRealEstate) representing fractional ownership or debt exposure to that property. Similarly, securities, government bonds, or income-generating assets can be wrapped and verified through compliant off-chain processes before being mirrored as on-chain instruments. These tokens are backed 1:1 by their underlying assets, ensuring that each digital representation maintains verifiable intrinsic value through trusted custodians, auditors, and smart contract attestations.
Benefits and Use Cases
Integrating RWAs within Helix unlocks powerful opportunities for both DeFi participants and institutional investors. By enabling tokenized access to traditionally illiquid markets, Helix transforms real estate, bonds, and other real-world instruments into yield-generating collateral that can be supplied, borrowed, or leveraged just like crypto-native assets. This broadens the spectrum of assets available in Helix’s lending markets, enhances capital efficiency, and introduces stable, yield-backed liquidity into the ecosystem.
For example, users could supply tokenized real estate shares as collateral to borrow stablecoins or other wrapped assets, while institutional participants might deposit tokenized treasury bills to earn consistent yields within a transparent, on-chain environment. The benefits extend to increased liquidity, faster settlement, reduced barriers to entry, and global accessibility — all while maintaining strong compliance and risk management frameworks.
Through the integration of RWAs, Helix positions itself at the forefront of the next generation of decentralized finance — one where the line between digital and physical assets disappears, and real-world value flows seamlessly into the on-chain economy.
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