JWLETH

Minting

JWLETH is a derivative token that can be minted using ETH.

JWLETH can make use of POL by minting 1.1 JWLETH per deposited ETH. This does not mean JWLETH is not 1:1 backed. JWLETH is 1:1 backed. Please read up on how POL works, what it does, and how the backing is ensured.

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Staking

Staking JWLETH on JewelSwap will give the user more JWLETH.

Rewards are paid multiple times per day.

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Rewards

Rewards for JWLETH staking stem from these sources:

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

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Unstaking

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

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Swapping

You can swap JWLETH at varying market rates on Ashswap. If the price of JWLETH is below it's intrinsic value, it may make sense to arbitrage the price difference.

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Redemption

JWLETH is redeemable 1:1 for ETH.

Redeeming JWLETH for ETH 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. UJWLETH 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.