Wrapping and Unwrapping NFTs
*subject to change as UI changes*
Last updated
*subject to change as UI changes*
Last updated
In order to wrap your NFT to fractionalize it into ERC20 tokens, navigate to the “Fractionalize” page.
Click the approve collection button in order to allow for trading of this specific collection.
Select which NFTs you would like to wrap and click wrap.
Confirm the transaction in your wallet and voila, your NFT has been wrapped into its respective ERC20 token representation.
In order to unwrap your fractionalized NFT tokens back to an NFT from the respective pool, navigate to the “Fractionalize” page and click “Unwrap”.
Click the approve collection button in order to allow for trading of this specific collection.
You can choose to randomly withdraw an NFT for no fee. In order to unwrap into a whole NFT you need to have at least 1.0 fractional tokens. If for example you have 0.5 fDoodles tokens, you can navigate to the trade NFTs page and click the cogwheel to select fractional. You can then buy 0.5 fDoodles tokens which will be enough to withdraw 1 Doodles NFT by unwrapping it.
Confirm your transaction in your wallet and now your fractionalized NFT has been redeemed for an NFT.
In order to unwrap your fractionalized NFT represented as ERC20 tokens back to a NFT from the respective pool, navigate to the “Fractionalize” page and click “Unwrap”.
Click the approve collection button in order to allow for trading of this specific collection.
There is a 0.3% redeem fee if you want to redeem a specific NFT in a pool. In order to unwrap your fractionalized tokens into a whole NFT you need to have at least 1.003 fractionalized tokens. If for example you have 0.5 fDoodles tokens, you can navigate to the trade NFTs page and click the cogwheel to select fractional. You can then buy 0.503 fDoodles tokens which will be enough to withdraw 1 Doodles NFT by unwrapping it.
Now that you have enough fractional tokens, select the specific NFTs you would like to withdraw and click unwrap.
Confirm the transaction in your wallet and now your fractionalized NFT has been redeemed for an NFT.
