> ## Documentation Index > Fetch the complete documentation index at: https://docs.windrose.market/llms.txt > Use this file to discover all available pages before exploring further. # Windrose > Wrapped currencies and token markets onchain. A paper globe lantern with a small folded compass rose in front of it Windrose brings wrapped global currencies onchain. Each registered currency has an ERC-20 token that anyone can hold, send, trade, or use to launch a market. A creator chooses a currency and launches a fixed-supply token on a bonding curve. The curve starts in that currency, then graduates into a Uniswap v4 pool with liquidity locked permanently. ## How the pieces fit * **Wrapped currencies** track a currency and are minted or redeemed against the chain's dollar at the oracle rate. * **The oracle** publishes the exchange rate used for minting, redemption, and launch sizing. * **Bonding curves** provide the first market for each new token. Buys raise the price; sells lower it. * **Vaults** hold the dollar backing for wrapped currencies. Backers add equity and earn fees. * **Earn** lets anyone back a currency vault, receive shares, and collect 80% of mint and redeem fees. From launch to curve trading to a locked liquidity pool. How wrapped currencies are issued, used, and redeemed. The contracts, oracle, vaults, and router. Launch a market in the currency you choose. Windrose contracts have not received an external audit. Read the [risks](/safety/risks) before using the protocol.