Wrap/Unwrap sPinto
This guide will walk you through the steps to wrap and unwrap sPinto using Pinto Silo Deposits or any supported ERC20 token.
Siloed Pinto (sPINTO) is a fungible Pinto Deposit wrapper that captures Silo yield. It leverages the ERC-20 and ERC-4626 standards to achieve composability in the DeFi ecosystem and provide utility for Pinto outside of the core protocol. For more information on how sPinto works check out sPinto: Composing Pinto with DeFi
Wrap
To get sPinto and start earning yield follow the steps below:
Go to https://pinto.money/wrap
On the left, choose how you wish to use to wrap sPinto. By pressing the toggle, you can wrap from silo deposits or any ERC20.
If you choose to unwrap to an ERC20, In the backend the interface will unwrap your token to Pinto and swap it for the token you choose.
You can also wrap your existing Pinto silo deposits into sPinto. Note that Stalk is socialized among sPinto holders and not returned in equal proportion when unwrapping. Therefore, users wrapping sPinto directly from Silo Deposits should be wary of the Stalk cost of using older Deposits. If you wish to wrap your existing deposits, the UI will pick the deposits with the least amount of grown stalk to use.
Here we will use USDC to buy Pinto and wrap it directly.
Click on "Approve" to approve your tokens or Deposits for spending.
Choose the destination where you wish to receive the token. Wallet or Farm balance.
Click on "Wrap" to get sPinto.
You can now start earning Silo yield by holding sPinto or use it across various DeFi protocols. For guides on how to achieve this see:
Unwrap
If you wish to unwrap sPinto into pinto or any ERC20 token, follow the steps below:
Go to https://pinto.money/wrap
On the left, choose how you wish to use to unwrap sPinto. By pressing the toggle, you can unwrap to silo deposits or any ERC20.
If you choose to unwrap to an ERC20, In the backend the interface will unwrap your token to Pinto and swap it for the token you choose.
By unwrapping sPinto into a Silo Deposit you can start managing your Silo positions directly. Here, we will unwrap and swap to USDC.
Click on "Approve" to approve your tokens for spending
Choose the destination where you wish to receive the token. Wallet or Farm balance.
Click on "Unwrap" to unwrap your sPinto.
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