Cryptocurrency investments are subject to high market risks, please read all related documents carefully before investing.
Jax.Money is a DeFi dApp with its primary stablecoin being JAX token and it is represented by WJAX on other networks. Any other localised stablecoins minted on Jax.Money is a sole-action of the user as per their preferences. Jax.Money is supervised by an elected governor who is a function of Jax.Money. Any token represented by Jax.Money is not an official currency or representation of any official currency of any country and the same shall not be misinterpreted by the viewers.
Governor is responsible for the yield distribution mechanism setup under Jax.Money subject to changes based on market conditions. Liquidity pair whitelisting is an action of governor depending upon market requirements.
Yield accrual & payouts will vary from time to time, Jax.Money is not guaranteeing or assuring your Liquidity and it’s yield under any of the schemes and the same is subject to the availability and adequacy of distributable surplus.
Jax.Money shall not be liable for any loss or damage that may be caused directly or indirectly by your use of these contents. Investors are requested to review carefully, conduct their due diligence and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment and participation on Jax.Money platform.
No communication or information provided to you by Jax.Money is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice.
For further information, please read and understand about Jax.Money on our website before using the services.
1. Connect your Metamask account and go to the “STAKE” page.
2. Click the "DEPOSIT" button in the "My BUSD Staking" section.
3. Deposit the initial investment in BUSD.
4. The smart contract will automatically lock half of your deposit in BUSD and convert the other half to WJAX.
5. You can harvest your yield from the dashboard page in the bottom section when ever a yield is paid out.
The governor defines the liquidity pairs that are suitable for yield payouts. Please check the liquidity pairs whitelist here.
The minimum amount for BUSD staking is set at 100$.
The latest payout APY is shown in the homepage. The APY depends on the reward proportion % set by the governor. Please note that the governor can’t make the reward proportion percentage lower than 25% from the total amount of yield collected in fees.
The yield is paid out on a daily basis in WJXN.
The yield comes from the transaction fees and markup fees collected by the contract each time a currency swap or a transaction occurs.