JWLETH is a type of token that follows the liquid staking mechanism.

Unlike S/JWLEGLD and S/JWLUSD, JWLETH does not have a second token representing the staked position (there is no SJWLETH).


JWLETH is a stable token that can be minted using ETH. JWLETH is not growing in value and is always backed 1:1 by ETH.

JWLETH can make use of POL by minting 1.1 JWLETH per deposited ETH. This does not mean JWLETH is not 1:1 backed. JWLETH is 1:1 backed. Please read up on how POL works, what it does, and how the backing is ensured.


Staking JWLETH on JewelSwap will give the user more JWLETH.

Rewards are paid out once per day at epoch change.

Unlike the other liquid-staking tokens, JWLETH does not have a second token, representing the staked position (there is no SJWLETH).


Rewards for JWLETH staking stem from these sources:

  • The ETH deposited by users is deployed into Hatom and JewelSwap Money Markets (and collateral activation if possible, in the case of Hatom) to generate yield.

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


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


You can swap JWLETH at varying market rates on Ashswap. If the price of JWLETH is below it's intrinsic value, it may make sense to arbitrage the price difference.


JWLETH is redeemable 1:1 for ETH.

Redeeming JWLETH for ETH takes 10 days (unbonding time).

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