> For the complete documentation index, see [llms.txt](https://kayen-finance.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kayen-finance.gitbook.io/docs/kayen-finance-user-guide/dex/trade/wrap-unwrap.md).

# Wrap / Unwrap

Wrapped tokens are a tokenized version of a cryptocurrency, designed to work like regular ERC-20 tokens while keeping its original value. This makes it more versatile and useful for developers, similar to other wrapped tokens like wETH or wCHZ.

You can wrap your tokens to use them in swaps and liquidity pools, or unwrap them to use on their native chains.

Kayen Finance supports wrapping both Fan Tokens and the native CHZ token:

* **Fan Tokens**
  * Wrapped Fan Tokens (eg. wPSG) are ERC-20 compatible versions that allow for fractional transfers.
  * 1 PSG token = 1 Wrapped PSG Token (wPSG).
* **CHZ Token**
  * Native CHZ can be wrapped to wCHZ for use in certain DeFi protocols.
  * wCHZ follows the ERC-20 standard and maintains a 1:1 ratio with CHZ.
  * Wrapping/unwrapping is a 1:1 conversion with no fees (only gas costs).

## Step-by-Step Guide

{% stepper %}
{% step %}

### Connect to Kayen Finance

Go to [https://app.kayen.finance](https://app.kayen.finance/) and make sure that your wallet is connected.\
If not, see [Connect](/docs/kayen-finance-user-guide/connect.md).
{% endstep %}

{% step %}

### Select the type of token and the action

Select whether you want to wrap/unwrap Fan Tokens or CHZ, then select whether you want to wrap or unwrap that token.

<img src="/files/4a580ac7ed3a8a570b8cc7b8fed04ed028125a57" alt="" width="375">
{% endstep %}

{% step %}

### Choose an amount

Indicate how many of that token you want to wrap/unwrap, then validate by clicking the "Wrap" button.

<img src="/files/0c0e5f1b9665769cc19c94e855091c81de61c7b0" alt="" width="375">
{% endstep %}

{% step %}

### Confirm transaction

Your wallet should open a confirmation window. Click "Confirm".

<img src="/files/16f35fce9f19612353bc124b3bbd045f7dcd097b" alt="" width="375">
{% endstep %}

{% step %}

### Transaction complete

Congrats! Your wallet should now display a successful transaction.
{% endstep %}
{% endstepper %}