NEKOLesson 6 of 15 · 2 min read
NEAR and wNEAR
wNEAR is NEAR in token form, always 1:1, and you can switch back any time.
Tokens on NEAR follow one standard (called NEP-141), so every app knows how to handle them. NEAR itself is older than that standard, so apps use wNEAR (wrapped NEAR): a token that is always worth exactly 1 NEAR.
Wrapping turns NEAR into wNEAR and unwrapping turns it back. On NEKO Swap both are free (no site fee) and NEKO does them for you during swaps.
🎯 Try it yourself
Wrap 0.1 NEAR into wNEAR (free)
Then try the Unwrap button to turn it back. Small amounts are perfect. Every swap counts toward your free Swap Feline.
Quick check
1 wNEAR is worth…
- AWhatever the market says
- BExactly 1 NEAR
- C0.5 NEAR
Show the answer
B: Exactly 1 NEAR. wNEAR is fully backed by NEAR held in the wrap.near contract.