JWLCETUS
JWLCETUS is a derivative token that can be minted using CETUS 1:1.
Staking
Staking JWLCETUS on JewelSwap will give the user more JWLCETUS.
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 JWLCETUS staking stem from these sources:
xCETUS staking where JewelSwap will convert the CETUS received to xCETUS to earn a share of the governance staking rewards, which are swapped to JWLCETUS.
CETUS Yield Farming Modules (In progress) where JewelSwap utilizes CETUS for boosted farms and distributes a percentage of the yield farming rewards to the JWLCETUS stakers.
Rewards can be bought from the open market by swapping to provide protocol-driven buy pressure to JWLCETUS.
Unstaking
Unstaking JWLCETUS from staking is possible after the initial lock up period has passed. When you first stake JWLCETUS, it is locked for 7 days. After these 7 days have passed, you can keep your JWLCETUS in staking or remove it from staking at any time, instantly.
If you deposit more JWLCETUS or reinvest your rewards by depositing them again, the lock will reset.
Swapping
You can swap JWLCETUS at varying market rates on CETUS.
POL (Protocol-owned Liquidity)
JWLCETUS can mint 1.3 JWLCETUS per deposited CETUS with the additional JWLCETUS used for POL. This does not mean JWLCETUS is not 1:1 backed. JWLCETUS is 1:1 backed. Please read up on how POL works, what it does, and how the backing is ensured.
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