> For the complete documentation index, see [llms.txt](https://docs.jewelswap.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.jewelswap.io/multiversx/staking-derivatives/introduction-to-staking/derivative-tokens/redeemable-derivatives/jwltao.md). # JWLTAO #### **Minting** JWLTAO is a derivative token that can be minted using TAO. JWLTAO **can** make use of [POL](/other-resources/definitions/jewelswap-protocol-owned-liquidity-pol.md)[ ](/other-resources/definitions/jewelswap-protocol-owned-liquidity-pol.md)by minting up to 1.3 JWLTAO per deposited TAO. ***This does not mean JWLTAO is not 1:1 backed.*** JWLTAO **is 1:1 backed**. Please read up on how [POL](/other-resources/definitions/jewelswap-protocol-owned-liquidity-pol.md) works, what it does, and how the backing is ensured. *** #### **Staking** Staking JWLTAO on JewelSwap will give the user more JWLTAO. Rewards are paid multiple times per day. *** **Rewards** Rewards for JWLTAO staking stem from these sources: * The TAO deposited by users is deployed into Hatom Money Markets (and collateral activation if possible) to generate yield. *** #### **Unstaking** Unstaking JWLTAO can happen immediatelly. JWLTAO can be unstaked without lockup. *** #### Swapping You can swap JWLTAO at varying market rates on Ashswap. *** **Redemption** JWLTAO is redeemable 1:1 for TAO. Redeeming JWLTAO for TAO takes 10 [epochs ](/other-resources/definitions.md#epoch)(unbonding time).\ 10 epochs is usually 10 days on the MultiversX network. [See Epochs.](/other-resources/definitions.md#epoch) When unbonding, you receive an NFT from JewelSwap. **UJWLTAO NFT**\ This is a so-called [**unstaking/unbonding NFT**](/other-resources/definitions.md#unstaking-unbonding-nfts)**.**\ You can use this NFT to send it to a different wallet, trade it on NFT Marketplaces or [take a loan against it](/multiversx/nft-loan-modules/nft-loans-explained.md).\ 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. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.jewelswap.io/multiversx/staking-derivatives/introduction-to-staking/derivative-tokens/redeemable-derivatives/jwltao.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.