> For the complete documentation index, see [llms.txt](https://matrixdock.gitbook.io/matrixdock-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://matrixdock.gitbook.io/matrixdock-docs/english/non-rebasing-stbt-wstbt/wrap-and-unwrap.md).

# Wrap & Unwrap

wSTBT contract is a wrapper that accepts STBT then mints wSTBT in return. When wSTBT is unwrapped, the contract burns wSTBT and returns holders STBT. 

<figure><img src="/files/lS4rxU7d3Fdkw4WBIuzv" alt=""><figcaption><p>*Wrap and unwrap actions are executed at the latest wSTBT/STBT daily rate.</p></figcaption></figure>

wSTBT/STBT holders can wrap/unwrap on: <https://app.matrixdock.com/stbt/wrap>