Wrapping and unwrapping

At the time of NAV publishing, Bracket's contract provides shares/tokens representing a claim on the position. The token received is rebasing (increases in balance). For external markets or where users may want a non-rebasing version, Bracket's wrapper contracts will wrap and create a non-rebasing version: Step 1

To wrap, you must first have the vault asset itself. For instance, if you have deposited wETH into brETH vault, you will receive brETH tokens at the next NAV.

Step 2

Navigate to the vault's investment details page and look for the deposit section. One of the tabs will read "Wrap/Unwrap." Click on that tab

Step 3 With your vault token asset, make sure you are on the wrap version. You'll see "BrETH--> wbrETH" as the direction of the wrap in the field. Enter the amount you wish to wrap. Select wrap. Step 4

Approve the limit and transaction in your wallet, and you will receive wrapped tokens

For unwrapping, simply do the same but at step 3, click "Unwrap" and you'll see the direction of the wrap from "wbrETH-->brETH".