Looking for an easy guide to how you can wrap and unwrap your Kava as ERC-20 tokens using MetaMask then follow the instructions below or in the video.
Wrapped KAVA (wKAVA) is the initial token used on the Ethereum Virtual Machine (EVM) for transacting with dApps, while KAVA will be the base (gas) token for interacting with the EVM. Kava Network users and developers gain access to billions of dollars in value with the Ethereum network’s functionality.
The Ethereum network will soon allow users to transact with wKAVA across other dApps..
KAVA can be easily wrapped and unwrapped as ERC-20 tokens using MetaMask.
The following section will guide you on how to wrap KAVA tokens using MetaMask.
Step 1: Install MetaMask Extension on your browser (Create your new MetaMask wallet if you haven’t done so).
Step 2: Click ‘Connect MetaMask’ to connect your MetaMask under the wKAVA tab on the web app.
Step 3: MetaMask will prompt you to add Kava EVM Network information to the wallet.
Step 4: After connecting your Metamask wallet, it will ask you to deposit native KAVA tokens into the Kava address derived from your EVM address by clicking ‘Deposit Kava.’ You can deposit your KAVA from a personal wallet. Using an exchange wallet is not recommended at this time.
Step 5: After depositing your native KAVA tokens, they will appear in your MetaMask wallet.
Step 6: Click the ‘Exchange’ button to wrap your KAVA into wKAVA.
Step 7: Your wKAVA balance will appear in your MetaMask wallet.
The following section will guide you on how to unwrap wKAVA tokens using MetaMask.
Step 1: Click ‘Connect MetaMask’ to connect your MetaMask under the wKAVA tab on the web app (the connection should persist if you’ve already connected to MetaMask).
Step 2: Click the swap button to put wKAVA in the top box.
Step 3: Click the ‘Exchange’ button to un-wrap your wKAVA into KAVA.
Step 4: KAVA balance will be updated in your MetaMask wallet.