Wrap & UnWrap
Manual Wrap / UnWrap & Swap Router Shortcut
Last updated
Manual Wrap / UnWrap & Swap Router Shortcut
Last updated
To wrap your Original assets (e.g., YEL) into a derivative tokens (e.g., lYEL)
Select the Potion you wish to wrap into, then press the Join button to be redirected to the Potion page.
In Potion's page, select (Un)Wrap tab to select from which asset you're wishing to wrap into a specific Potion.
Select amount and press Wrap button to create a special liquid.
Booom , you're ready to receive an lYEL.
To unwrap lYEL to YEL:
You need to change places YEL and lYEL , so that lYEL is above YEL as in the picture.
Select amount of lYEL to be Unwrapped
Press Unwrap.
Alternatively, the Swap Router provides a streamlined solution for converting available digital assets into desired wrapped assets, simplifying the entire process. Similarly, unwrapping is just as straightforward - wrapped assets can be traded directly for any available digital asset.
For example, consider John Doe, who notices that lYEL has an attractive APR. John has WETH in his wallet and wants to acquire lYEL. Instead of manually swapping WETH to YEL and then wrapping it into Potions, he can directly swap WETH to lYEL using the Swap Router on Yel Finance.
By holding lYEL, John is essentially depositing into the vault, but in a more efficient manner, as he directly purchases a yield-bearing asset without the need for additional steps. This functionality reduces complexity, saving time while ensuring optimal user convenience.
If John later decides to unwrap lYEL back into WETH, he can do so effortlessly using the Swap Router in the same manner.
