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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2eur (EURe) pool on Curve on Gnosis Chain
Credit Line deployed on Polygon
2brl (BRZ) pool on Thena on BNB Chain
Debt-token deployed on Polygon
Proposal to acquire $100k of voting power in Balancer, Velodrome and Thena
We are preparing for creating an ecosystem for European users on Gnosis Chain!
https://twitter.com/Jarvis_Network/status/1624445419920015361
The first synthetic Euro, ounce of Gold and Brazilian Real have been borrowed using our new Credit Line contracts with a collateral in USDC.
https://twitter.com/Jarvis_Network/status/1624889948770902023
jBRL and JRT have been listed on Thena on the BNB Chain.
https://twitter.com/ThenaFi_/status/1624055202012602370
https://twitter.com/BetSwirl/status/1623291361318342657?s=20&t=VkK3FHusPjSUvXcraga8Cw
https://twitter.com/Jarvis_Network/status/1624769193420660737
A few weeks ago, we gathered some volunteers to create a flywheel on BNB Chain to support the JRT-BNB liquidity. It led to an increase in liquidity and yield.
https://twitter.com/DotDotDotFi/status/1622978126773878785
https://twitter.com/TheBigWhale_/status/1623673098233839617
https://twitter.com/Jarvis_Network/status/1623591132427853827
https://twitter.com/Jarvis_Network/status/1623590850826588162
https://twitter.com/Jarvis_Network/status/1623590658249310209
We reviewed, tested, and deployed the Credit Line v2 on Polygon with the following pairs: USDC-jEUR, USDC-jBRL USDC-jGOLD, WETH-jEUR, and WETH-jUSD, and we updated the documentation.
We have modified the debt-token contract to add a cap and reviewed and tested the new changes before deploying it on the Polygon mainnet.
We have started the work on the “staking modules,” which allows for a modular design of our staking mechanism: for example, one can stake JARVIS, different JARVIS-LP tokens, debt-tokens, etc.
We are still reviewing the Liquidity Provider Vault.
We have started the integration with Arbitrum.
We have completed the application, and it will soon be launched on Polygon.
p79 cross-chain bridge liquidity: this discussion concerns the usage of the Printer to provide liquidity on Multichain.org.
p77 acquiring voting power: this proposal concerns selling $100k of treasury assets to purchase $100k of voting power in Balancer, Velodrome and Tetu.
2eur (EURe) pool on Curve on Gnosis Chain
Credit Line deployed on Polygon
2brl (BRZ) pool on Thena on BNB Chain
Debt-token deployed on Polygon
Proposal to acquire $100k of voting power in Balancer, Velodrome and Thena
We are preparing for creating an ecosystem for European users on Gnosis Chain!
https://twitter.com/Jarvis_Network/status/1624445419920015361
The first synthetic Euro, ounce of Gold and Brazilian Real have been borrowed using our new Credit Line contracts with a collateral in USDC.
https://twitter.com/Jarvis_Network/status/1624889948770902023
jBRL and JRT have been listed on Thena on the BNB Chain.
https://twitter.com/ThenaFi_/status/1624055202012602370
https://twitter.com/BetSwirl/status/1623291361318342657?s=20&t=VkK3FHusPjSUvXcraga8Cw
https://twitter.com/Jarvis_Network/status/1624769193420660737
A few weeks ago, we gathered some volunteers to create a flywheel on BNB Chain to support the JRT-BNB liquidity. It led to an increase in liquidity and yield.
https://twitter.com/DotDotDotFi/status/1622978126773878785
https://twitter.com/TheBigWhale_/status/1623673098233839617
https://twitter.com/Jarvis_Network/status/1623591132427853827
https://twitter.com/Jarvis_Network/status/1623590850826588162
https://twitter.com/Jarvis_Network/status/1623590658249310209
We reviewed, tested, and deployed the Credit Line v2 on Polygon with the following pairs: USDC-jEUR, USDC-jBRL USDC-jGOLD, WETH-jEUR, and WETH-jUSD, and we updated the documentation.
We have modified the debt-token contract to add a cap and reviewed and tested the new changes before deploying it on the Polygon mainnet.
We have started the work on the “staking modules,” which allows for a modular design of our staking mechanism: for example, one can stake JARVIS, different JARVIS-LP tokens, debt-tokens, etc.
We are still reviewing the Liquidity Provider Vault.
We have started the integration with Arbitrum.
We have completed the application, and it will soon be launched on Polygon.
p79 cross-chain bridge liquidity: this discussion concerns the usage of the Printer to provide liquidity on Multichain.org.
p77 acquiring voting power: this proposal concerns selling $100k of treasury assets to purchase $100k of voting power in Balancer, Velodrome and Tetu.
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