stonkbuilderCOMMUNITY xStocksWrap

Put xStocks to work tutorial

Wrap xStocks for DeFi on EVM chains

Because xStocks' balances change with dividends, many DeFi apps can't hold them directly. The official wrapper swaps them for a fixed-balance ERC-4626 token, such as wSPYx, that they can.

  • 4 min read
  • Advanced
  • Checked 29 Sep 2026
Best for
EVM users putting xStocks into lending markets, vaults or liquidity pools.
You'll need
  • An xStock on an EVM chain the wrap page offers: Ethereum, BNB Chain, Mantle, Ink, X Layer or HyperEVM
  • Gas on that chain
Cost
Network fees
Open the wrapper

New to crypto? StonkBuilder Learn explains wallets, recovery phrases and scams, and the Solana beginner's guide sets up a wallet step by step.

Worked example

Rebasing token, fixed-balance wrapper

SPYx · rebasingBalance moves with dividendsWhat wallets and exchanges hold
wSPYx · ERC-4626Balance stays putThe rate back to SPYx moves instead
Illustrative: a dividend raises your SPYx balance, but your wSPYx balance stays put. What changes is how many SPYx each wSPYx unwraps into.

Step by step

  1. Open Wrap

    Go to defi.xstocks.fi/wrap. It uses the current (v2) wrapper by default.

    Screenshot: Wrapping xStocks on defi.xstocks.fi
    1. 1The EVM network
    2. 2Your rebasing balance and its wrapped twin
    3. 3Old v1 wrappers: unwrap only

    Screenshot of defi.xstocks.fi/wrap , taken 28 Sep 2026. The live page is the source of truth.

  2. Pick the product and network

    Choose the xStock and the EVM network it sits on.

  3. Wrap

    Enter an amount and confirm. You receive the wrapped token, converted at the live multiplier.

  4. Use it in DeFi

    Deposit the wrapped token where it is supported. Its balance no longer moves with dividends; the conversion rate back to xStocks does.

  5. Unwrap when you are done

    Unwrap to get your xStocks back. Tokens from the old v1 wrapper can only be unwrapped, through the v1 link.

Open the wrapper

Good to know

  • Lending markets and AMMs need stable balances, which rebasing xStocks don't have; that is why they are wrapped for DeFi.[1]
  • Wrapped xStocks are ERC-20 tokens with the ERC-4626 vault extension, converted at the live multiplier.[1]
  • The legacy v1 wrapper is unwrap-only and must never be used as collateral or as a price source.[1]
  • A wrapper's exchange rate is an accounting value, not a price feed.[1]
  • On Solana, dividends and splits never change the raw balance (the multiplier only changes the display), and Solana apps such as Kamino use xStocks directly.[2][3]
  • On Hyperliquid, an xStock on HyperCore is tied to its wrapped version on HyperEVM.[4]

Sources

  1. xStocks docs: Wrapped xStocks docs.xstocks.fi/developers/wrapped-xstocks
  2. xStocks docs: How xStocks handle dividends and splits (developers) docs.xstocks.fi/developers/multipliers
  3. xStocks news: How Kamino turned xStocks into a lending market (13 May 2026) xstocks.fi/news/how-kamino-turned-xstocks-into-a-lending-market
  4. xStocks news: xStocks go live on Hyperliquid (10 Aug 2026) xstocks.fi/news/xstocks-goes-live-on-hyperliquid-bringing-the-markets-deepest-tokenized-equities-framework-to-traders
  5. xStocks DeFi dashboard: Wrap defi.xstocks.fi/wrap

Checked on 29 Sep 2026. xStocks change; the linked pages are the source of truth.