# Wrapping and unwrapping

At the time of NAV publishing, Bracket's contract provides shares/tokens representing a claim on the position. \
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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:\
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**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. \
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**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".*<br>

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