# Wrapping / Unwrapping

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfLUpzd64H6ugRckV93rWGVqVgjsl9RDS9bMwpqELIF9Ck_z6Gm1AQZf6XkkYqt3iaj1YCpw2u0ncgD9d4aAnNAlJ0JNE6Sl3esm_y18Bw7OJC4tSbNtkFDHQowF2XISmnLKf1W9fGCWB_7cyYX7M9BDHc?key=NzG1p-GuoqNGQz9DLycWLg" alt=""><figcaption></figcaption></figure>

#### To convert your rebasing token into a reward-bearing token, you can do this via the Wrap feature.

Wrapped LISA tokens will maintain the same amount but its intrinsic value changes each passing cycle.&#x20;

For example, your 1,000 vLiSTX will become 1,100 LiSTX after a year assuming the reward’s APY is 10% consistently while your rebasing version would just become 1,100 LiSTX reflected in your wallet.

To wrap:&#x20;

1. To wrap, you would need to have LiSTX balances within your wallet.&#x20;
2. To begin wrapping,  click on the [Wrap section](https://app.lisalab.io/li/stx/wrapUnwrap) of LISA.
3. Type in the amount you would like to wrap.
4. Check the rate of LiSTX -> vLiSTX; this only increases through time.&#x20;
5. Click ‘Wrap’ and approve the ‘Mint’ transaction.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeLiIF2oW_woesO-A58fj5U3QbFMstxjpCfeqrnoWnhRqBlWkoYZAT_7NbSv1ECsJ6l_7NODW4Ha0XgveEWbzFo8YWN8jzvYxLJxmTuSCG9a17E_cL3efzyEYN_JOvetAWjiR0fafY8GkG3oPxajbJotkE?key=NzG1p-GuoqNGQz9DLycWLg" alt=""><figcaption></figcaption></figure>

To convert your wrapped token back to a rebasing token, you can do this via the Unwrap feature.

Unwrapped LISA token balance changes each passing cycle.

For example, your 1,000 LiSTX will become 1,100 LiSTX after a year assuming the reward’s APY s 10% consistently; you won’t need to click Unstack or check AMM rate to see your balance change as the LISA UI would reflect your balance change directly on the UI.

**To wrap:**&#x20;

1. To unwrap, you would need to have vLiSTX balances within your wallet.&#x20;
2. To begin unwrapping,  click on the [Wrap section](https://app.lisalab.io/li/stx/wrapUnwrap) of LISA and choose ‘Unwrap’.
3. Type in the amount you would like to unwrap.
4. Check the rate of vLiSTX -> LiSTX; you can also use this to determine how much reward you have earned thus far.&#x20;
5. Click ‘Unwrap’ and approve the ‘Burn’ transaction.


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