Sweat wallet Growth Jars offer the ability to earn yield by locking up $SWEAT for some time.
How to create a jar
This is super simple, just go to the "Grow" sectIon of the app and click "Create Jar". You will need to select a duration and then the amount you want to have in the Jar.
If your Jar was created after October 2023, you’ll have the ability to claim your earnings in real time and, if you put your $SWEAT into a flexible Jar (coming soon!), you’ll be able to fill and empty your Jar as often as you’d like. If your $SWEAT is in a CeFi Jar, you won’t be able to empty your Jar until your lockup period ends.
After that, review the legal information and open the Jar. It may take a few minutes for the opening to complete, the jar will be pending until then.
What are the fees to create a Jar?
To create a jar, you’ll be required to pay a small gas fee (< 1 $SWEAT)
Can I move my $SWEAT from one Jar to another before the lockup period ends?
If you have a Flexible Jar (coming soon!), you’ll be able to empty your Jar whenever you want and move it to a new Jar. If you have another Jar type, you will have to wait until the lockup period ends to move your $SWEAT.
Can I upgrade my Jar from CeFi to DeFi?
Yes. You’ll get a notification to upgrade your Jar from CeFi to DeFi Jars, but you’ll only be able to upgrade the same Jar type. For example, if you have a 12% Rockstar Jar, you’ll be able to upgrade to a 12% Rockstar DeFi Jar.
What's happening with the tokens
When you create a Jar, you are giving your tokens to the Sweat Foundation. As an incentive, we'll give you the same number of tokens back at the end of the duration, plus earnings. They aren't locked up in a smart contract. This is fully described in our terms.
How do you generate earnings on $SWEAT?
Sweat Foundation has a number of revenue sources inside and outside of our wallet. We will use this in part to generate the yield for Growth Jars.