Wrapped
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Wrapped
Welcome
Getting started
Wrapping (Minting)
Unwrapping (Burning)
Custodians
Anchorage
Coinmetro
Hex Trust
Community
Medium
Telegram
Twitter
Wallets
Gnosis Safe
MetaMask
Ledger Nano S
Trezor One
License
MIT License
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Wrapping (Minting)
Wrapping
Wrapping is done by sending an asset to the custodian's deposit address and by submitting a wrapping request.
Sending an asset
Custodians take fees over the wrapping operation. The exact fee percentage is determined by an off-chain agreement with the custodian.
The amount of an asset that is expected to be wrapped after sending
X
to the custodian deposit address is
1
(X * (100 - fee))/100
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Where
fee
is percent unit. E.g., 0.2% is denoted by
fee = 0.2
.
The user should send
X
that corresponds to the amount of the asset that will be wrapped.
Submitting a wrap request
After sending an asset to the custodian deposit address the user can submit an on-chain wrapping request.
Wrap completion
The mint is completed after the custodian approves the request, and the wrapped asset tokens are sent to the user's address on the respective chain.
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Unwrapping (Burning)
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10mo ago
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Contents
Wrapping
Sending an asset
Submitting a wrap request
Wrap completion