JWLITHEUM

JWLITHEUM is a type of derivative token.

Important: Derivative tokens are not redeemable, so minting them is not reversible.

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Minting

JWLITHEUM is a derivative token that can be minted using ITHEUM. JWLITHEUM is not growing in value and is always backed 1:1 by ITHEUM.

JWLITHEUM can make use of POL by minting 1.3 JWLITHEUM per deposited ITHEUM. This does not mean JWLITHEUM is not 1:1 backed. JWLITHEUM 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 JWLITHEUM on JewelSwap will give the user more JWLITHEUM.

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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Rewards

Rewards for JWLITHEUM staking stem from these sources:

• ITHEUM are being staked on xExchange to generate rewards.

Because of the difference in staked derivative tokens to existing derivative tokens, the APR for the staked tokens is typically higher.

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Unstaking

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

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

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Swapping

In the future, a JWLITHEUM-ITHEUM pool will be set up on AshSwap DEX. You will be able to swap JWLITHEUM on AshSwap at varying market rates.