# JWLCETUS

JWLCETUS is a derivative token that can be minted using CETUS 1:1.

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#### **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.

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**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.

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#### **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.

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#### Swapping

You can swap JWLCETUS at varying market rates on CETUS.

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#### 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](https://docs.jewelswap.io/other-resources/definitions/jewelswap-protocol-owned-liquidity-pol) works, what it does, and how the backing is ensured.

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