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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Launch of our borrowing app: jarvis.money
JRT token on Optimism
jFIATs support added to every blockchain explorer
DCA Trading competition with Mean Finance
LP Vault internal review post-audit completed
https://twitter.com/Jarvis_Network/status/1628359403278684162
https://twitter.com/Jarvis_Network/status/1629079842242142212
https://twitter.com/mean_fi/status/1628417619270443008
https://twitter.com/Jarvis_Network/status/1629124138710319105
Unfortunately, an internal issue prevented Mimo Labs to vote with their vlAURA at the last round. We have came up with two solutions to address this issue, one of them being to create a Quest on Paladin.
https://twitter.com/Paladin_vote/status/1629128370352009216
https://twitter.com/Jarvis_Network/status/1627622110163091456
https://twitter.com/Jarvis_Network/status/1628701078953857024?s=20
https://twitter.com/Jarvis_Network/status/1628701084452548610?s=20
https://twitter.com/Jarvis_Network/status/1628701092505612288?s=20
https://twitter.com/Jarvis_Network/status/1628701096980914176?s=20
We have addressed the issues we found during our internal review of the LP vaults, and have processed to deploy the whole architecture on the testnet for live testing.
We have worked on setting up new price feeds to onboard new collateral-type in the Credit Line v2, such as borrowing jEUR with jBRL or BTC for instance.
We have made good progress in our staking modules for the JARVIS token; staking modules allow for a modular minting of veJARVIS using various LP and non-LP tokens.
Etherscan team is now supporting every jFIATs on each network (Arbitrum, Optimism, BNB Chain, Gnosis Chain, Avalanche, Polygon).
We have added a feature to the DEX v2 to see the buying-side and selling-side “available liquidity”.
We have worked on a few UI issues.
We have released the first version of our borrowing app on BNB Chain, Arbitrum, Optimism, and Polygon.
Launch of our borrowing app: jarvis.money
JRT token on Optimism
jFIATs support added to every blockchain explorer
DCA Trading competition with Mean Finance
LP Vault internal review post-audit completed
https://twitter.com/Jarvis_Network/status/1628359403278684162
https://twitter.com/Jarvis_Network/status/1629079842242142212
https://twitter.com/mean_fi/status/1628417619270443008
https://twitter.com/Jarvis_Network/status/1629124138710319105
Unfortunately, an internal issue prevented Mimo Labs to vote with their vlAURA at the last round. We have came up with two solutions to address this issue, one of them being to create a Quest on Paladin.
https://twitter.com/Paladin_vote/status/1629128370352009216
https://twitter.com/Jarvis_Network/status/1627622110163091456
https://twitter.com/Jarvis_Network/status/1628701078953857024?s=20
https://twitter.com/Jarvis_Network/status/1628701084452548610?s=20
https://twitter.com/Jarvis_Network/status/1628701092505612288?s=20
https://twitter.com/Jarvis_Network/status/1628701096980914176?s=20
We have addressed the issues we found during our internal review of the LP vaults, and have processed to deploy the whole architecture on the testnet for live testing.
We have worked on setting up new price feeds to onboard new collateral-type in the Credit Line v2, such as borrowing jEUR with jBRL or BTC for instance.
We have made good progress in our staking modules for the JARVIS token; staking modules allow for a modular minting of veJARVIS using various LP and non-LP tokens.
Etherscan team is now supporting every jFIATs on each network (Arbitrum, Optimism, BNB Chain, Gnosis Chain, Avalanche, Polygon).
We have added a feature to the DEX v2 to see the buying-side and selling-side “available liquidity”.
We have worked on a few UI issues.
We have released the first version of our borrowing app on BNB Chain, Arbitrum, Optimism, and Polygon.
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