Last Updated on November 29, 2024
Fafnir (pronounced “FAHV-neer”) began as a dwarf with unmatched greed and ambition. His transformation into a dragon occurred after he claimed a cursed treasure. This tale appears prominently in the Völsunga Saga and the Poetic Edda. Fafnir was the son of Hreiðmarr (pronounced “HRAYD-mar”), a skilled and wealthy dwarf.
When the gods Loki, Odin, and Hœnir (pronounced “HUR-neer”) killed Hreiðmarr’s son Ótr (pronounced “OH-tr”), Hreiðmarr demanded compensation. The gods filled Ótr’s skin with gold, including a cursed ring. After Hreiðmarr’s death, Fafnir killed his father to claim the treasure. Greed consumed him, and he retreated to the wilderness, transforming into a fearsome dragon.
Fafnir’s new form embodied his avarice and isolation. Guarding the hoard, he terrorized the land. Regin (pronounced “REY-gin”), Fafnir’s brother, sought revenge. He manipulated Sigurd (pronounced “SEE-gurd”) into slaying the dragon.
Sigurd ambushed Fafnir as he drank water, driving his sword Gram into the dragon’s heart. Before dying, Fafnir warned Sigurd about the curse, cementing his tragic legacy.
Fafnir’s tale explores greed, betrayal, and the destructive power of wealth. His story endures as a cautionary legend.
Elder Futhark Runes Associated with Fafnir
The Fehu rune (pronounced “FAY-hoo”) represents wealth, mirroring Fafnir’s obsession with gold. The Hagalaz rune (pronounced “HAH-gah-lahz”) signifies destruction and transformation, reflecting his cursed change into a dragon. 
Importance in Asatru
Fafnir’s story highlights greed’s dangers and the consequences of betrayal. His transformation warns against prioritizing wealth over kinship and honor. Practitioners find meaning in his tale, viewing it as a reminder to value wisdom and balance.
