Flamingo Finance Docs
  • Welcome
  • Flamingo Litepaper
  • Buy FLM Tokens
  • FLM Tokenomics
  • How to Set Up a Neo Wallet
  • Flamingo Flund Single-Stake Fund
  • Flamingo Bug Bounty Program
  • Flamingo Reverse Pools
  • Flamingo Stablecoin FUSD
  • Flamingo Lend Targeted Incentives
  • Wrap & Unwrap
  • Flamingo FLOCKS
  • Flamingo Modules
    • CONVERT
      • How to Swap Tokens
    • TRADE
      • Flamingo Advanced Trade
      • How to Place Limit Orders with OrderBook+
    • EARN
      • How to Stake and Earn Tokens
      • How to Stake FLP-FLM-fCAKE LP Tokens
      • Flamingo Flund Single-Stake Fund
    • LEND
      • Flamingo Lend
      • Flamingo FUSD Pool Bonus
      • Flamingo Lend Targeted Incentives
  • All User Guides
    • How to Set Up a Neo Wallet
    • How to Buy FLM Tokens (US Citizens)
    • How to Buy FLM Tokens on Binance
    • How to Stake and Earn Tokens
    • How to Swap Tokens
    • Flamingo Advanced Trade
    • Flamingo Lend
    • Flamingo FUSD Pool Bonus
    • Wrap & Unwrap
    • How to Stake FLP-FLM-fCAKE LP Tokens
    • How to Buy FLM Tokens on Gate.io
    • WETH assets migration
    • Flamincome
    • Asset Types Guide
  • Announcements
  • Medium Page
Powered by GitBook
On this page

Was this helpful?

Wrap & Unwrap

In this section we walk you through wrapping and unwrapping assets on Flamingo.

PreviousFlamingo Lend Targeted IncentivesNextFlamingo FLOCKS

Last updated 1 month ago

Was this helpful?

Wrapped tokens on Flamingo are a way to use cryptocurrencies such as Bitcoin or Ethereum on the Neo N3 blockchain. Wrapped tokens are backed 1:1 by their underlying asset, and make the Neo N3 blockchain more interoperable.

On Flamingo, Wrap and Unwrap are cross-chain asset gateways for the Bitcoin, Ethereum, Neo, BNB Chain, and Ontology Network blockchains. Users can wrap tokens such as NEO*, WETH, WBTC, ONT, CAKE, and USDT onto the Neo blockchain as NEP-17 tokens (bNEO, fWETH, fWBTC, pONT, fCAKE and fUSDT). Conversely, wrapped NEP-17 tokens can be redeemed back for native tokens via Unwrap. More tokens will be added to the list as the project develops. *Since NEO is indivisible, bNeo (https://neoburger.io) has taken the role of nNeo to wrap and divide Neo on N3.

In this guide we'll walk you through wrapping and unwrapping tokens on Flamingo.

1. On , go to the Asset Actions tab.

3. Once your wallet is connected, go to the Wrap/Unwrap action in the Asset Actions tab.

4. Choose the asset you want to wrap or unwrap. For this example we will unwrap FUSDT to USDT.

5. Select Connect Metamask Wallet to connect your wallet. The checkmark will light up green when successfully connected. Read the warnings and if you agree, select Unwrap.

6. On the Confirm Transaction screen, read the warning that provides information about the potentially high ETH fees. If you agree, select Agree.

7. Confirm the invocation contract that allows Flamingo to connect to the wrapper.

8. Confirm your transaction on the N3 side. After closing the transaction window, go to the Log section to continue. You do not need to confirm the PolyNetwork transaction; this happens automatically.

9. Select Send to Ethereum. You will be asked to confirm 2 transactions--one to allow the wallet to connect and approve the contract (one time, low fee) and one to unwrap the token to erc20 (this can have a high fee!).

10. When the transaction is complete, the 3 chains will show a green success icon and the funds will be in your wallet.

2. If your isn't already connected, choose from three wallets. For this example we will use NeoLine.

Neo wallet
Flamingo.Finance