> For the complete documentation index, see [llms.txt](https://docs.swivel.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.swivel.finance/swivel-exchange/exchange-functions/splitting-combining-tokens.md).
# Splitting/Combining Tokens
How to split an underlying token into YTs & PTs, or combine YTs and zcTokens into an underlying token.
## Splitting Underlying:
If a user wants to split their underlying into YTs and PTs, they can do so by navigating to the `Positions` page.
From there a user can chose a market to participate in, and can split their underlying into tokens within that market.
1. Select `Split`.
2. Approve your underlying balance.
3. Enter the amount of underlying you would like to split.
4. Confirm the amount and then confirm the transaction in your web3 wallet when prompted.
## Combining YTs/PTs:
A user can also combine their PTs & YTs on the `Positions` page.
From there a user can chose a market, and can combine their PTs & YTs within that market.
1. Select `Combine` .
2. Enter the amount of PTs & YTs you would like to combine.
3. Confirm the amount and then confirm the transaction in your web3 wallet when prompted.