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.

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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.

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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.

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Unstaking

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

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Swapping

You can swap JWLAPUSDC at varying market rates on Ashswap.

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Redemption

JWLAPUSDC is redeemable 1:1 for APUSDC .

Redeeming JWLAPUSDC for APUSDC takes 10 days (unbonding time).