JewelSwap
  • JewelSwap
    • 💎Introducing JewelSwap
  • ✖️MultiversX
    • 🖼️NFT Loan Modules
      • NFT Loans: Explained
        • Exceptions to the 50% borrow limit
      • NFT Mortgage: Explained
      • Lending for NFTs: Explained
        • Algorithmic Market Operations
      • NFTs: Bulk Redeem | Renew | Cashout
      • NFTs: Liquidation
      • NFTs: Interest Plans
      • NFTs: Caps and Limits
    • 🖼️NFT AMM/DCA Modules
      • Introduction to NFT AMM/DCA
      • Two-sided Liquidity Pools Explained
      • Single-sided Liquidity Pools Explained
      • Risks - Impermanent Loss
    • 🥩Staking / Derivatives
      • Introduction to Staking
        • Derivative Tokens
          • Redeemable Derivatives
            • S/JWLEGLD
            • S/JWLUSD
            • JWLHTM
            • JWLBTC
            • JWLETH
            • JWLTAO
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          • Unredeemable Derivatives
            • JWLASH
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            • JWLUTK
            • JWLITHEUM
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      • 🗳️Gauge
    • 🧑‍🌾Lending for Farms
      • Lending for Farms: Explained
      • JI-Tokenomics
    • 🚜JewelSwap Yield Farming
      • Introduction
      • Farm Overview
        • Optimized Yield Farming
        • Boosted Yield Farming
        • Leveraged Yield Farming
      • Farms
        • AshSwap Farms
        • OneDex Farms
        • Hatom Farms
        • JewelSwap Farms
        • xExchange Farms (Energy DAO)
      • Position Management
      • Liquidation
      • Protocol Fees
    • 🔄Flexiloans
      • 🔄Flexiloans Introduction
    • 💹Money Markets
      • 💹JewelSwap Money Markets: An Introduction
    • 💯JewelSwap Points
      • 💯JewelSwap Points: Introduction
  • 💧SUI
    • Derivative Tokens
      • Redeemable Derivatives
        • 🥩JWLSUI Liquid Staking
      • Unredeemable Derivatives
        • JWLCETUS
        • JWLSCA
    • 🗳️Gauge
  • RADIX
    • 🥩JWLXRD Liquid Staking
  • Solana
    • 🥩JWLSOL Liquid Staking
    • 🗳️Gauge
  • Other Resources
    • 💡Bug Bounty
    • 📜Use of Protocol
    • 🛡️Safety and Security
    • 🧵Twitter Thread Guides
    • 📺Video Guides
    • 📖Definitions
      • JewelSwap Protocol Owned Liquidity (POL)
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  1. SUI
  2. Derivative Tokens
  3. Unredeemable Derivatives

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)


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Last updated 8 months ago

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 works, what it does, and how the backing is ensured.

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POL