JWLAPUSDC
Minting
JWLAPUSDC is a derivative token that can be minted using APUSDC.
JWLAPUSDC can make use of POL 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 POL 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 epochs (unbonding time). 10 epochs is usually 10 days on the MultiversX network. See Epochs.
When unbonding, you receive an NFT from JewelSwap. UJWLAPUSDC NFT This is a so-called unstaking/unbonding NFT. You can use this NFT to send it to a different wallet, trade it on NFT Marketplaces or take a loan against it. 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.
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