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  1. MultiversX
  2. Staking / Derivatives
  3. Introduction to Staking
  4. Derivative Tokens
  5. Redeemable Derivatives

JWLAPUSDC

PreviousJWLTAONextUnredeemable Derivatives

Last updated 9 months ago

Minting

JWLAPUSDC is a derivative token that can be minted using APUSDC.

JWLAPUSDC can make use of by minting up to 1.3 JWLAPUSDC per deposited APUSDC. This does not mean JWLAPUSDC is not 1:1 backed. JWLAPUSDC is 1:1 backed. Please read up on how works, what it does, and how the backing is ensured.


Staking

Staking JWLAPUSDC on JewelSwap will give the user more JWLAPUSDC.

Rewards are paid multiple times per day.

Currently, no Money Market exists for APUSDC - until one gets added, no rewards are generated for stakers yet.


Rewards

Rewards for JWLAPUSDC staking stem from these sources:

  • The APUSDC deposited by users is deployed into Hatom or JewelSwap Money Markets (and collateral activation if possible) to generate yield.

Currently, no Money Market exists for APUSDC - until one gets added, no rewards are generated for stakers yet.


Unstaking

Unstaking JWLAPUSDC can happen immediatelly. JWLAPUSDC can be unstaked without lockup.


Swapping

You can swap JWLAPUSDC at varying market rates on Ashswap.


Redemption

JWLAPUSDC is redeemable 1:1 for APUSDC .

Redeeming JWLAPUSDC for APUSDC takes 10 (unbonding time). 10 epochs is usually 10 days on the MultiversX network.

When unbonding, you receive an NFT from JewelSwap. UJWLAPUSDC NFT This is a so-called . You can use this NFT to send it to a different wallet, trade it on NFT Marketplaces or . You need the NFT (which is essentially a receipt) to claim your assets after the unbonding time passed. The NFT proofs your ownership of the unbonding assets.

✖️
🥩
POL
POL
take a loan against it
epochs
See Epochs.
unstaking/unbonding NFT