Wrapped NEAR (Universal) is a tokenized version of NEAR designed to enable exposure to NEAR from multiple blockchains including Base, Polygon and Arbitrum. uNEAR is backed 1:1 with reserves of NEAR tokens, with a network of merchants permissioned to mint and burn uNEAR tokens by providing the protocol with NEAR tokens. Underlying NEAR asset custody is supported by Coinbase Prime. uNEAR is an ERC20 token, enabling it to be used throughout DeFi applications.