JWLTAO

Minting

JWLTAO is a derivative token that can be minted using TAO.

JWLTAO can make use of POL 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 works, what it does, and how the backing is ensured.

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Staking

Staking JWLTAO on JewelSwap will give the user more JWLTAO.

Rewards are paid multiple times per day.

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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.

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Unstaking

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

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Swapping

You can swap JWLTAO at varying market rates on Ashswap.

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Redemption

JWLTAO is redeemable 1:1 for TAO.

Redeeming JWLTAO for TAO takes 10 days (unbonding time).