# Wrapping Process

#### Wrapping Process

* Deposit: Users deposit USDT into a designated smart contract on the Ethereum blockchain, which is then locked. Paying 0.3% wrapping fee. 

<img src="https://lh7-us.googleusercontent.com/dRLaeCIZfcZYqcfchu565KvtlI13zt6MfTU6rtDIfxaEIklFN3tSEvpNeFms0d6DznD7RTDgzn9RN2XsSIUoyfUkn49zgPMP3WmorSOTFb0KzM4Nr3R7OCDN1uK5aGICCCz9IvS78ZbmfNQDJqCP-Xs" alt="" data-size="original">

* Issuance: An equivalent wrapped amount of wpUSDT is issued on the wpUSDT blockchain, maintaining a 1:1 value ratio.
* Transaction: Users engage in transactions with wpUSDT, enjoying the benefits of enhanced privacy and data fees.
* Unwrapping: Users burn wpUSDT to unlock and retrieve USDT on the Ethereum blockchain. Paying 0.3% wrapping fee.&#x20;

![](https://lh7-us.googleusercontent.com/VnDdn3EzDvmMTYVoFb-mKcmtnf3xFIcH3ZE_CMxKB0kcV_S38ra7aXheVaAB7V-ZpoJtitGYbFTu3UwJtKDufp9292G4a-JmJtnlH11QZ74q09IJe4fMuM0IdC9eSRadewaXpyZbVcxKUfU3PHf6Q7A)

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