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%
Synthereum V2 on BSC with USDC as collateral and LP Vault.
Calculation automatically of the bribe in the stJARVIS staking page.
$1M liquidity on Aerodrome.
3 new proposal and discussions on the governance forum.
Synthereum v2, with all its modules, including the LP Vaults, have been deployed on the BNB Chain. It now uses USDC as collateral.
https://twitter.com/Jarvis_Network/status/1781001823492407710
https://twitter.com/Jarvis_Network/status/1777604386107035752
https://twitter.com/Jarvis_Network/status/1778030615079579775
https://twitter.com/Jarvis_Network/status/1778835069202763870
https://twitter.com/Jarvis_Network/status/1776587660062347539
We have deployed Synthereum v2 and 2 LP Vaults: the USDC-jCHF 150% and 200%, and the USDC-jBRL 150% and 200%. 150% means that the virtual liquidity is 2 times the liquidity deposited in the vault. 200% means that the virtual liquidity is 1 time the liquidity deposited in the vault.
We have started deploying the Synthereum v2 on Gnosis Chain.
We have integrated the V2 on BSC on the application.
We have added a “auto-bribe” features on the staking page: it calculates automatically the value of the bribe an LP should deposit, according to their deposited liquidity.
JIP 1: structure the organization of the multi-sig signers and allocate a budget for compensating the signers.
JIP 3: change the signers of the multi-sig.
JIP 2: invest $140k-$180K on Aerodrome and on Ellipsis and participate to the flywheels.
Synthereum V2 on BSC with USDC as collateral and LP Vault.
Calculation automatically of the bribe in the stJARVIS staking page.
$1M liquidity on Aerodrome.
3 new proposal and discussions on the governance forum.
Synthereum v2, with all its modules, including the LP Vaults, have been deployed on the BNB Chain. It now uses USDC as collateral.
https://twitter.com/Jarvis_Network/status/1781001823492407710
https://twitter.com/Jarvis_Network/status/1777604386107035752
https://twitter.com/Jarvis_Network/status/1778030615079579775
https://twitter.com/Jarvis_Network/status/1778835069202763870
https://twitter.com/Jarvis_Network/status/1776587660062347539
We have deployed Synthereum v2 and 2 LP Vaults: the USDC-jCHF 150% and 200%, and the USDC-jBRL 150% and 200%. 150% means that the virtual liquidity is 2 times the liquidity deposited in the vault. 200% means that the virtual liquidity is 1 time the liquidity deposited in the vault.
We have started deploying the Synthereum v2 on Gnosis Chain.
We have integrated the V2 on BSC on the application.
We have added a “auto-bribe” features on the staking page: it calculates automatically the value of the bribe an LP should deposit, according to their deposited liquidity.
JIP 1: structure the organization of the multi-sig signers and allocate a budget for compensating the signers.
JIP 3: change the signers of the multi-sig.
JIP 2: invest $140k-$180K on Aerodrome and on Ellipsis and participate to the flywheels.
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...
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