Wrap & Unwrap

Overview

Wrapped version token allows the native chain asset to be used seamlessly across many DeFi protocols, like lending, swapping, derivatives, yield farming, etc. For example, WETH is the wrapped version of ETH on Ethereum, wS is the wrapped version of S on Sonic. Pike provides the wrap and unwrap function.

How to Wrap

1. Connect Your Wallet

   • Visit Pike dApp

   • Ensure your crypto wallet is connected to the protocol.

   • Verify that you have the assets available for supply.

     
2. Select the Market from the Dashboard

   • Go to the ‘Dashboard’.

   • Browse the list of supported markets from the dropdown.

     
3. Select an Asset to Wrap

   • Navigate to the ’Asset to Supply’ section of the dashboard.

   • Click the Wrap button from the dropdown of the native asset .

     
4. Enter the Wrap Amount

   • Choose the amount you want to wrap.

     
5. Confirm the Wrap Transaction

   • Click the Wrap button.

   • Approve the transaction in your wallet.

   • Wait for blockchain confirmation.

     
6. Monitor Your Wrapped Assets

   • Once the transaction is confirmed, your wrapped assets will be displayed in your wallet and the ‘Asset to Supply’ section.

How to Unwrap

1. Select an Asset to Unwrap

   • Navigate to the ’Asset to Supply’ section of the dashboard.

   • Click the Unwrap button from the dropdown of the wrapped asset .

     
2. Enter the Unwrap Amount

   • Choose the amount you want to unwrap.

     
3. Confirm the Unwrap Transaction

   • Click the Unwrap button.

   • Approve the transaction in your wallet.

   • Wait for blockchain confirmation.

     
4. Receive Unwrapped Tokens

   • Once the unwrap is successful, the native tokens will be available in your wallet.