# 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="https://2505056629-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZx9GNWaNV9JB3JZlW74D%2Fuploads%2FOHSXEwX59cqEiEgrK0SG%2Fimage.png?alt=media&#x26;token=67bc4501-68f3-41e4-86ef-4921b2dee604" 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>