DFK CV JEWEL-xJEWEL LP How it works?

  • Firstly you have to understand xJewel from Jeweler. You won deposit into Jeweler, your Jewels will be swapped to xJewel at the rate at the moment, and as long you hold xJewel you get to earn fees are collected throughout the game. This is reflected by the xJewel to Jewel RATE will always go up
  • So let’s say you deposit 175 Jewel for 100 xJewel (rate is 1: 1.75) and 1 month later, the rate is 1.9, meaning you will withdraw 100xJewel it will be converted to 190 Jewels. This illustrate how you EARN in Jeweler in Serendale
  • So going back to Jewel-xJewel pair, it simply means you are creating LP with these 2 tokens but because the value of Jewel and xJewel is almost pegged, there will be minimal Impernament loss risk. This means as good as Single Staking
  • To do the pairing, you can simply Create a seeds and put them as pair and this means highly like you need to send both Jewel and xJewel to DFK Chain for Crystalvalue launch via the Docks (Refer screenshots below)
  • Just like any LP, once you deposit your seeds in the Ice Garden, you will start to earn fees and also Crystal rewards!
  • You can add xJewel in your Metamask by simply adding this contract address: xJEWEL 0xA9cE83507D872C5e1273E745aBcfDa849DAA654F
  • Firstly as long you hold xJewel, you continue to earn those fees as described about and the rate will continue to go up
  • Secondly, now you can pair xJewel with Jewel to form LP in Ice Garden to earn Crystal too! So therefore another way to earn with xJewel
Some info was captured

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Holmz

Holmz

DeFiKingdoms Enthusiast but like many around, we dont have time to read long post or discussion, so I start this channel to TLDR what’s happening on DFK. :D