Wrapping protocol refers to a method of converting an asset from one blockchain into a version that can be used on another blockchain. This process allows assets, such as Bitcoin or Ethereum, to be utilized in different decentralized applications and platforms.When an asset is wrapped, it is typically locked in a smart contract. In return, a new token is created that represents the locked asset on another chain. For example, Bitcoin can be wrapped to create Wrapped Bitcoin (WBTC), allowing it to be used on the Ethereum network. This bridging enables increased liquidity and functionality, as users can take advantage of different protocols, tokens, and decentralized finance (DeFi) applications. To redeem the original asset, the wrapped token must be burned or destroyed, releasing the locked asset back to its user. Wrapping protocols enhance interoperability between blockchains, facilitating smoother transactions and broader usage of various cryptocurrencies across platforms.