nearswaps

Learn · NEAR trading

What is wNEAR?

wNEAR (wrapped NEAR) is NEAR as a standard NEP-141 token, issued by the wrap.near contract and always worth exactly 1 NEAR. Pools trade tokens, not native NEAR, so swaps wrap your NEAR on the way in and unwrap it on the way out. On nearswaps, wrapping and unwrapping carry no site fee and happen inside the swap.

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Why wNEAR exists

Tokens on NEAR follow one standard, NEP-141, so every app handles them the same way. NEAR itself is older than that standard. The wrap.near contract holds the NEAR you deposit and gives you the same amount of wNEAR, and gives the NEAR back when you unwrap. 1 wNEAR is always 1 NEAR.

Facts

Contract
wrap.near
Decimals
24
Main pool (20 Oct 2026)
Rhea pool 6063
Liquidity (Intear index)
about $4.26M

More on the wNEAR token page.

Where you meet wNEAR

  • Swaps: wrapped and unwrapped for you inside the transaction.
  • Your wallet: some routes leave wNEAR behind, for example the part above the guaranteed minimum on a two-exchange trade. Swap wNEAR to NEAR to unwrap it.
  • 1-click: the NEAR you deposit is held as wNEAR in your trading balance.
  • Auto orders: most orders settle in wNEAR pools; sells on Intear DEX pay out native NEAR.
  • Cross-chain: paying in from another chain delivers wNEAR to your NEAR wallet.

Wrapping by hand

In the swap, choose NEAR to wNEAR to wrap or wNEAR to NEAR to unwrap. It costs only gas. The first time you hold wNEAR, your account is registered on the contract with a one-time deposit of about 0.00125 NEAR.

Questions people ask

Is wNEAR the same as NEAR?

It has the same value, always 1 to 1, but it is a token held in the wrap.near contract rather than native NEAR. Pools and contracts use wNEAR; your account balance and gas use NEAR.

Does wrapping NEAR cost anything?

No site fee, only gas, which is a tiny fraction of a NEAR. The first time also needs a one-time registration deposit of about 0.00125 NEAR.

Why do I have wNEAR in my wallet?

Usually from a route that ended in wNEAR, a cross-chain pay-in, or a withdrawal from a trading balance. Swap it to NEAR to unwrap.

How do I turn wNEAR back into NEAR?

Open the swap, choose wNEAR to NEAR and approve. It unwraps 1 to 1 with no site fee.