Wrap
Convert VET into its VIP-180 wrapped variants for use across the VeChain DeFi ecosystem.
Understanding Wrapped Tokens
In the decentralized finance (DeFi) and NFT space, wrapped tokens play a crucial role. They allow for the efficient, smooth, and fast movement of funds — essential in DeFi applications and NFT Marketplaces. They are created to address the challenge of interoperability between different platforms throughout the VeChain ecosystem (and other blockchains).
How to Wrap Tokens
1
Navigate to the Wrapper
The Wrap menu is located under the Trade section of BetterSwap.
2
Enter the Amount to Wrap
In the Amount field, enter the amount of $VET you want to wrap. You can also click the Max button to use your entire available balance.
3
Review the Wrapped Token
Once you enter the amount, the system will display the wrapped token equivalent ($BVET is selected by default; you can switch the output in the dropdown menu). Verify the amount is correct before proceeding.
4
Click "Wrap"
After reviewing, click the Wrap button. This will initiate the wrapping process.
5
Confirm the Transaction in Your Wallet
Your VeWorld wallet will prompt you to confirm and sign the transaction. Check the transaction details including the wrapped token amount and transaction fee.
6
Transaction Complete
After confirming, the wrapping process will be executed on the VeChainThor blockchain. Once completed, you will receive the wrapped version of your token. You can check the updated balance in your wallet or on BetterSwap.
Optional: Add to Cart — Use the shopping cart to batch this wrap with other transactions. Learn more →
Tips for Wrapping Tokens
Tips
Why Wrap Tokens?
- Wrapping allows you to use tokens on other platforms and dApps that support the wrapped version.
- Opens up additional trading and staking opportunities.
Double-Check the Amount
- Ensure the amount you want to wrap is correct before confirming.
- The wrapped token will be sent to your wallet after completing the transaction.
Review Fees
- Always review the transaction fees before proceeding.
- The fees are generally low on VeChainThor, but it's good practice to be aware of them.
NEVER Swap
- To reduce fees and transaction costs, always use a wrapper to convert $VET into its wrapped variant.