Jarvis Network 🧪🦇🔊Removing, and looking past the bad debt
Last week, an attacker exploited Midas Capital on Polygon and stole 368k jEUR, 237k jCHF, and 45k jGBP (see the details), leaving Synthereum with a bad debt. We have developed a plan to address this issue by diluting, acquiring, and repaying the bad debt.TLDR:The protocol has inherited a bad debt of 368k jEUR, 237k jCHF, and 45k jGBP on Polygon (other jFIATs and other networks are not impacted).Jarvis Network and Jarvis LTD will commit funds and allocate a portion of their revenue towards acq...
![Cover image for Jarvis bi-weekly issue [13]](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/ad26de7c2ce5f2d2e7c79707c7e509308dce76894564d3102f598b83010101ea.jpg)
Jarvis Network 🧪🦇🔊Jarvis bi-weekly issue [13]
⏩ TLDRJuicy USDC yield for LPsSmall Cascade Protocol “overview”Building a position on QUOLLNew discussion to seed Morpho markets.New discussion to optimize the treasury.🗞️ Quick newsJuicy USDC yield for LPshttps://x.com/Jarvis_Network/status/1848764877172543574Some updates from the Cascade Protocolhttps://x.com/CascadeProtocol/status/1851997162562801763Jarvis LTD building a position in QUOLLhttps://x.com/Jarvis_Network/status/1852018498249118010🧪 ProtocolWe have finished updating all the LP...
![Cover image for Jarvis bi-weekly issue [6]](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/a77f2376630e9d175d1faa7aea2b745ed8af8d7fb8d0dbb324a7ca9dd0408681.jpg)
Jarvis Network 🧪🦇🔊Jarvis bi-weekly issue [6]
⏩ TLDRstJARVIS updated.Cascade Protocol infrastructure.🗞️ Quick newsYield this weekhttps://twitter.com/Jarvis_Network/status/1758490188647424098🧪 ProtocolWe have completed the upgrade of the stJARVIS/veJARVIS code to solve one issue with some liquidity pools like Balancer. The code has already been reviewed and tested.We have now completely shifted our ressources towards Cascade Protocol. The infrastructure to support the MVP is currently being developped.📱 ApplicationWe have started worki...
Stable and liquid synthetic fiat currencies powered by an on-chain Forex market. DeFi overtaking TradFi: 0% 🟩🟩🟩🟩🟩🟩⬛⬛⬛ 100%
Jarvis Network 🧪🦇🔊Removing, and looking past the bad debt
Last week, an attacker exploited Midas Capital on Polygon and stole 368k jEUR, 237k jCHF, and 45k jGBP (see the details), leaving Synthereum with a bad debt. We have developed a plan to address this issue by diluting, acquiring, and repaying the bad debt.TLDR:The protocol has inherited a bad debt of 368k jEUR, 237k jCHF, and 45k jGBP on Polygon (other jFIATs and other networks are not impacted).Jarvis Network and Jarvis LTD will commit funds and allocate a portion of their revenue towards acq...
Jarvis Network 🧪🦇🔊Jarvis bi-weekly issue [13]
⏩ TLDRJuicy USDC yield for LPsSmall Cascade Protocol “overview”Building a position on QUOLLNew discussion to seed Morpho markets.New discussion to optimize the treasury.🗞️ Quick newsJuicy USDC yield for LPshttps://x.com/Jarvis_Network/status/1848764877172543574Some updates from the Cascade Protocolhttps://x.com/CascadeProtocol/status/1851997162562801763Jarvis LTD building a position in QUOLLhttps://x.com/Jarvis_Network/status/1852018498249118010🧪 ProtocolWe have finished updating all the LP...
Jarvis Network 🧪🦇🔊Jarvis bi-weekly issue [6]
⏩ TLDRstJARVIS updated.Cascade Protocol infrastructure.🗞️ Quick newsYield this weekhttps://twitter.com/Jarvis_Network/status/1758490188647424098🧪 ProtocolWe have completed the upgrade of the stJARVIS/veJARVIS code to solve one issue with some liquidity pools like Balancer. The code has already been reviewed and tested.We have now completely shifted our ressources towards Cascade Protocol. The infrastructure to support the MVP is currently being developped.📱 ApplicationWe have started worki...
Stable and liquid synthetic fiat currencies powered by an on-chain Forex market. DeFi overtaking TradFi: 0% 🟩🟩🟩🟩🟩🟩⬛⬛⬛ 100%
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Beefy boosting the agEUR-jEUR pool on Optimism
First jFIATs cross-chain transfers using CCIP
Vote to enable a gauge for the wFRK-PAR-jEUR pool
wFRK as collateral to borrow jEUR on Polygon
USDC as collateral to borrow jFIATs on BNB Chain
stJARVIS contract deployed on Polygon
4 CCIP lanes deployed
https://twitter.com/Jarvis_Network/status/1732111205618106747
https://twitter.com/Jarvis_Network/status/1730999385561915470
https://twitter.com/KumaProtocol/status/1732414708978962880
This new Balancer pool features PAR, jEUR and the newly launched wFRK, a tokenized french-bond issued by the Kuma Protocol.
https://twitter.com/mimo_labs/status/1733139372118049071
The first jFIATs cross-chain transfers powered by Chainlink’s CCIP.
https://twitter.com/Jarvis_Network/status/1733097871900049687
https://twitter.com/Jarvis_Network/status/1729784763974836598
https://twitter.com/Jarvis_Network/status/1729429604450877709
https://twitter.com/Jarvis_Network/status/1732692011155624383
We have deployed the Polygon <-> BNB Chain and Polygon <-> Optimism lane for jEUR, jCHF and jBRL. It allows to move these jFIATs across these chains. We are now waiting for Chainlink to enable more lanes, like BNB Chain <-> Optimism, or lanes with Base, Gnosis Chain and Arbitrum. We will also deploy a lane on Ethereum to bridge jFIATs there.
We have deployed the stJARVIS contracts on Polygon. stJARVIS is a staked Jarvis that can be minted by depositing JARVIS-ETH LP tokens. stJARVIS can be locked into a veJARVIS token to acquire voting power and receive a share of the protocols revenues. For now, stJARVIS can be minted using Balancer 98/2 and 80/20 pools, Velodrome and Ellipsis 50/50 pools.
We have updated the application to display the new collateral (stMATIC and wFRK on Polygon, USDC on BNB Chain).
We have started working on the bridge page and have almost completed it.
We are updating our charting library and fixing some bugs.
No new discussion.
No new vote.
Beefy boosting the agEUR-jEUR pool on Optimism
First jFIATs cross-chain transfers using CCIP
Vote to enable a gauge for the wFRK-PAR-jEUR pool
wFRK as collateral to borrow jEUR on Polygon
USDC as collateral to borrow jFIATs on BNB Chain
stJARVIS contract deployed on Polygon
4 CCIP lanes deployed
https://twitter.com/Jarvis_Network/status/1732111205618106747
https://twitter.com/Jarvis_Network/status/1730999385561915470
https://twitter.com/KumaProtocol/status/1732414708978962880
This new Balancer pool features PAR, jEUR and the newly launched wFRK, a tokenized french-bond issued by the Kuma Protocol.
https://twitter.com/mimo_labs/status/1733139372118049071
The first jFIATs cross-chain transfers powered by Chainlink’s CCIP.
https://twitter.com/Jarvis_Network/status/1733097871900049687
https://twitter.com/Jarvis_Network/status/1729784763974836598
https://twitter.com/Jarvis_Network/status/1729429604450877709
https://twitter.com/Jarvis_Network/status/1732692011155624383
We have deployed the Polygon <-> BNB Chain and Polygon <-> Optimism lane for jEUR, jCHF and jBRL. It allows to move these jFIATs across these chains. We are now waiting for Chainlink to enable more lanes, like BNB Chain <-> Optimism, or lanes with Base, Gnosis Chain and Arbitrum. We will also deploy a lane on Ethereum to bridge jFIATs there.
We have deployed the stJARVIS contracts on Polygon. stJARVIS is a staked Jarvis that can be minted by depositing JARVIS-ETH LP tokens. stJARVIS can be locked into a veJARVIS token to acquire voting power and receive a share of the protocols revenues. For now, stJARVIS can be minted using Balancer 98/2 and 80/20 pools, Velodrome and Ellipsis 50/50 pools.
We have updated the application to display the new collateral (stMATIC and wFRK on Polygon, USDC on BNB Chain).
We have started working on the bridge page and have almost completed it.
We are updating our charting library and fixing some bugs.
No new discussion.
No new vote.
No activity yet