> 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/unredeemable-derivatives/jwlutk.md). # JWLUTK #### **Minting** JWLUTK is a derivative token that can be minted using UTK. JWLUTK **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 1.3 JWLUTK per deposited UTK. ***This does not mean JWLUTK is not 1:1 backed.*** JWLUTK **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 JWLUTK on JewelSwap will give the user more JWLUTK. 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. *** **Rewards** Rewards for JWLUTK staking stem from these sources: * UTK are being staked on xExchange to generate rewards. * Once the xMoney Guilds are live, the UTK will be withdrawn from xExchange Metastaking and used to create a guild. The guild's rewards will be shared with JWLUTK stakers accordingly. *** #### **Unstaking** Unstaking JWLUTK from staking is possible after the initial lock up period has passed.\ When you first stake JWLUTK, it is locked for 7 days. **After these 7 days have passed**, **you can** keep your JWLUTK in staking or **remove it from staking at any time, instantly**. If you deposit more JWLUTK or reinvest your rewards by depositing them again, the lock will reset. *** #### Swapping You can swap JWLUTK at varying market rates on Ashswap. --- # 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/unredeemable-derivatives/jwlutk.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.