# JWLASH

#### **Minting**

JWLASH is a derivative token that can be minted using ASH.

JWLASH **can** make use of [POL ](https://docs.jewelswap.io/other-resources/definitions/jewelswap-protocol-owned-liquidity-pol)by minting 1.1 JWLASH per deposited ASH. ***This does not mean JWLASH is not 1:1 backed.*** JWLASH **is 1:1 backed**. Please read up on how [POL](https://docs.jewelswap.io/other-resources/definitions/jewelswap-protocol-owned-liquidity-pol) works, what it does, and how the backing is ensured.

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#### **Staking**

Staking JWLASH on JewelSwap will give the user more JWLASH.

Rewards are paid out based on a 7-day epoch.\
This means that rewards are being accumulated for 7 days, and after this 7-day-epoch, the rewards are paid out to the stakers, relative to their staked amount.

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**Other utility: Gauge**

Most of the primary tokens used to mint [JWLEGLD ](https://docs.jewelswap.io/multiversx/staking-derivatives/introduction-to-staking/derivative-tokens/redeemable-derivatives/s-jwlegld)(in accordance with [POL](https://docs.jewelswap.io/jewelswap/introducing-jewelswap)) are being delegated to various whitelisted validators to earn rewards. The [Gauge mechanism](https://docs.jewelswap.io/multiversx/staking-derivatives/gauge) decides which validator gets more EGLD delegated towards him.

Staked JWLASH is eligible for voting on [Gauge ](https://docs.jewelswap.io/multiversx/staking-derivatives/gauge)governance.

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**Rewards**

Rewards for JWLASH staking stem from these sources:

* Modules where JewelSwap utilizes AshSwap (in particular the veASH), 15% of user-generated rewards are used to **buy** more JWLASH from the open market and given to stakers.
  * Unless the market ratio between JWLASH:ASH is (near) 1:1, then the user-generated rewards are used to mint more JWLASH instead. Whatever gives the highest rewards to stakers.

Rewards can be bought from the open market to provide protocol-driven buy pressure to JWLASH.

Also, the [POL protocol owned liquidity](https://docs.jewelswap.io/other-resources/definitions/jewelswap-protocol-owned-liquidity-pol) earns rewards in ASH, and the rewards can be used to **buy** (or mint) more JWLASH from the open market. The JWLASH is used to bribe AshSwap Farms or given to stakers.

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#### **Unstaking**

Unstaking JWLASH from staking is possible after the initial lock up period has passed.\
When you first stake JWLASH, it is locked for 7 days. **After these 7 days have passed**, **you can** keep your JWLASH in staking or **remove it from staking at any time, instantly**.

If you deposit more JWLASH or reinvest your rewards by depositing them again, the lock will reset.

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#### Swapping

You can swap JWLASH at varying market rates on AshSwap.