# Wrap a token

Already hold the underlying token? Great! Wrapping it is a one-click job.

If you haven’t bought anything yet but know which Watt token you want, check the app’s **Suggested Action** helper first. It compares the live market price of the Watt token with the cost of wrapping the original token and highlights the better deal:

* Negative price difference → Buy: you’ll get more value by purchasing the Watt token directly in the **Buy** tab, *see example below*.
* Positive price difference → Wrap: it’s cheaper to acquire the underlying token and wrap it yourself.

<figure><img src="https://3846336298-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FuyGEXzcSijKdoMiaeYqE%2Fuploads%2FcQ0h1TDGzCk9GxdjSDOy%2Fimage.png?alt=media&#x26;token=5401255a-ec92-4213-b274-af408c7a03c7" alt=""><figcaption></figcaption></figure>

Open the **Wrap** panel on the right, enter the amount of the original token you want to convert, and click **Wrap** to confirm the transaction. You’ll receive a slightly smaller quantity of Watt tokens because a small wrap fee is deducted up front, but that gap is typically recouped quickly as the [token ratio](https://docs.watt.si/the-protocol/watt-assets/token-ratio) appreciates.

<figure><img src="https://3846336298-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FuyGEXzcSijKdoMiaeYqE%2Fuploads%2FnETPnvsgLt7IGTyBCO3Z%2Fimage.png?alt=media&#x26;token=09015f98-0af8-4f95-8698-d8a915c0804c" alt=""><figcaption></figcaption></figure>

Done! Congratulations, your Watt tokens are now earning yield around the clock. Keep them safe, and watch the token ratio—therefore your position’s value—rise over time in the **Unwrap** panel.
