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...
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Jarvis Exchange on Arbitrum
Partnership with SolidLizard
$100k of voting power acquired by the treasury
First liquidation of a Credit Line loan
Deployment of Credit Line on BNB Chain and Optimism
Beginning of the yield on Thena
Last week, we launched our DEX on Arbitrum, with two pairs: jEUR-USDC and jUSD-WETH.
https://twitter.com/Jarvis_Network/status/1625204157383643138
We then partnered with SolidLizard to bootstrap the liquidity, and launch a JRT-ETH, agEUR-jEUR, WETH-jEUR and EURS-jEUR.
https://twitter.com/Jarvis_Network/status/1626953969418358784
And seeded the liquidity.
https://twitter.com/Jarvis_Network/status/1627398690125107201
We purposely took a risky loan and patiently waited to be “liquidatable” to try our first liquidation on the Polygon mainnet.
https://twitter.com/pscltllrd/status/1625518796151586823
Executing the proposal p77
https://twitter.com/Jarvis_Network/status/1625889070558633985
Jarvis_MXN launches a DCA trading competition with Mean Finance in Mexico.
https://twitter.com/Jarvis_MXN/status/1625025387494506496
https://twitter.com/assetux/status/1626563090442510340
The 2eur (PAR) pool has increased the liquidity of PAR.
https://twitter.com/Jarvis_Network/status/1625265712104194048
The EURe Wrapper allows to access the on-chain liquidity from a bank in a few seconds.
https://twitter.com/Jarvis_Network/status/1625087390480990211
It also allows going from any token to loading a Wirex VISA card in Euros…
https://twitter.com/Jarvis_Network/status/1625087081528668161
https://twitter.com/Jarvis_Network/status/1626204256461115395
https://twitter.com/Jarvis_Network/status/1626204425206353922
https://twitter.com/Jarvis_Network/status/1626204631708598278
https://twitter.com/Jarvis_Network/status/1626204772012290049
We have reviewed, tested, and deployed the Credit Line v2 on Optimism and BNB Chain, with the following pairs: USDC-jEUR on Optimism, and BUSD-jBRL and BUSD-jCHF on BNB Chain.
We have completed the internal review post-audit of the LP Vault; we have found two low-severity issues, and are addressing our findings now.
We added the support of Arbitrum on Jarvis Exchange.
We added the support of Arbitrum and Optimism on the liquidity management dashboard.
We have worked on the borrowing application to utilize the Credit Line contracts, on Polygon, Optimism, and BNB Chain. The Polygon application is completed and fully tested.
p85: this discussion is about increasing the virtual liquidity of the USDC-jEUR pools on Polygon and Optimism.
p79: this discussion is about using the Printer to seed liquidity for jFIATs in the Multichain bridges.
p77: the governance approved the purchase and the lock of $60K TETU, $30K VELO and $10K THE to acquire voting power on Balancer, Velodrome and Thena.
Jarvis Exchange on Arbitrum
Partnership with SolidLizard
$100k of voting power acquired by the treasury
First liquidation of a Credit Line loan
Deployment of Credit Line on BNB Chain and Optimism
Beginning of the yield on Thena
Last week, we launched our DEX on Arbitrum, with two pairs: jEUR-USDC and jUSD-WETH.
https://twitter.com/Jarvis_Network/status/1625204157383643138
We then partnered with SolidLizard to bootstrap the liquidity, and launch a JRT-ETH, agEUR-jEUR, WETH-jEUR and EURS-jEUR.
https://twitter.com/Jarvis_Network/status/1626953969418358784
And seeded the liquidity.
https://twitter.com/Jarvis_Network/status/1627398690125107201
We purposely took a risky loan and patiently waited to be “liquidatable” to try our first liquidation on the Polygon mainnet.
https://twitter.com/pscltllrd/status/1625518796151586823
Executing the proposal p77
https://twitter.com/Jarvis_Network/status/1625889070558633985
Jarvis_MXN launches a DCA trading competition with Mean Finance in Mexico.
https://twitter.com/Jarvis_MXN/status/1625025387494506496
https://twitter.com/assetux/status/1626563090442510340
The 2eur (PAR) pool has increased the liquidity of PAR.
https://twitter.com/Jarvis_Network/status/1625265712104194048
The EURe Wrapper allows to access the on-chain liquidity from a bank in a few seconds.
https://twitter.com/Jarvis_Network/status/1625087390480990211
It also allows going from any token to loading a Wirex VISA card in Euros…
https://twitter.com/Jarvis_Network/status/1625087081528668161
https://twitter.com/Jarvis_Network/status/1626204256461115395
https://twitter.com/Jarvis_Network/status/1626204425206353922
https://twitter.com/Jarvis_Network/status/1626204631708598278
https://twitter.com/Jarvis_Network/status/1626204772012290049
We have reviewed, tested, and deployed the Credit Line v2 on Optimism and BNB Chain, with the following pairs: USDC-jEUR on Optimism, and BUSD-jBRL and BUSD-jCHF on BNB Chain.
We have completed the internal review post-audit of the LP Vault; we have found two low-severity issues, and are addressing our findings now.
We added the support of Arbitrum on Jarvis Exchange.
We added the support of Arbitrum and Optimism on the liquidity management dashboard.
We have worked on the borrowing application to utilize the Credit Line contracts, on Polygon, Optimism, and BNB Chain. The Polygon application is completed and fully tested.
p85: this discussion is about increasing the virtual liquidity of the USDC-jEUR pools on Polygon and Optimism.
p79: this discussion is about using the Printer to seed liquidity for jFIATs in the Multichain bridges.
p77: the governance approved the purchase and the lock of $60K TETU, $30K VELO and $10K THE to acquire voting power on Balancer, Velodrome and Thena.
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