Earn xCETUS and veSCA rewards without the lock

Locking CETUS as xCETUS or SCA as veSCA earns governance rewards, but the lock is long. Mint JWLCETUS or JWLSCA 1:1 instead, stake it, and JewelSwap's own locked position pays you every 7-day epoch.

Minted 1:1Rewards every 7 daysNot redeemable for the underlying
JWLCETUS staking
APR
Live in app
Epoch
7 days
Mint1 CETUS = 1 JWLCETUS
Backed byxCETUS held by JewelSwap
First-stake lock7 days, then instant unstake
ExitSwap on Cetus

Two tokens

JWLCETUS

Mint it with CETUS. JewelSwap converts the CETUS to xCETUS and swaps its share of Cetus governance rewards into JWLCETUS for stakers. JWLCETUS docs

JWLSCA

Mint it with SCA. The SCA becomes veSCA, which earns Scallop staking rewards and boosts JewelSwap's Scallop farms. JWLSCA stakers also get 15% of those farms' rewards. JWLSCA docs

How it works

The same flow applies to both tokens.

Step 1

Mint

Deposit CETUS or SCA and receive the same amount of JWLCETUS or JWLSCA.

Step 2

Stake

Stake the derivative in the app. The first 7 days are locked.

Step 3

Collect

Rewards build up over each 7-day epoch and are paid in the token you staked.

Before you mint

  • No redemption. You cannot turn JWLCETUS back into CETUS or JWLSCA back into SCA through JewelSwap. Exiting means selling on the market, where the price can sit below 1:1.
  • Reward variability. Payouts depend on Cetus and Scallop governance rewards and on the Scallop farms, all of which change.
  • Smart-contract risk in the JewelSwap staking contracts and in Cetus and Scallop.

Questions

What are JWLCETUS and JWLSCA?

Derivative tokens minted 1:1 with CETUS and SCA. JewelSwap locks the underlying as xCETUS and veSCA, earns the governance staking rewards, and pays them to JWLCETUS and JWLSCA stakers.

Can I redeem JWLCETUS for CETUS?

No. JWLCETUS and JWLSCA are unredeemable derivatives. To exit, you swap them on the market at the going rate.

When are rewards paid?

Once per 7-day epoch, in the same token you staked, split by staked amount.

Is there a lock?

A new stake is locked for 7 days. After that you can unstake at any time, instantly. Adding more or restaking rewards resets the lock.