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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New collateral for the Credit Lines: BTC, ETH, MATIC, BNB, jFIATs
Integration of DIA oracle for relaunching the NGNUSD price feed
Work on the Gnosis Chain and Optimsim burner wallet for ETHcc
First successful bribing round on Tetu.community
Credit Lines are an important element of the protocol for helping it to scale.
https://twitter.com/Jarvis_Network/status/1633418911767994368
We have decided to start using Tetu.community for the bribes on Polygon. For the last few rounds, we noticed that our strategy and budget were not suitable for Paladin, so we decided with Transfero to move forward with Tetu. The first round was a true success, and the yield on Balancer will therefore increase.
https://twitter.com/Jarvis_Network/status/1633435141652758529
Bloinx launched an innovative lending product on the top of jMXN.
https://twitter.com/bloinx_io/status/1633937896250933248
https://twitter.com/Jarvis_Network/status/1633844642591686659
https://twitter.com/Jarvis_Network/status/1633940391819870209
⚠️ Mind that following the hack of Euler, agEUR lost its peg and it is therefore not recommended to join the pools with agEUR.
https://twitter.com/Jarvis_Network/status/1633750629138006016
We hosted 2 live last week!
One in French:
https://twitter.com/Jarvis_Network/status/1632756582516760583
And one in English:
https://twitter.com/Jarvis_Network/status/1632755980789338112
We have completed the vault on the top of Ellipsis to mint veJARVIS with Ellipsis LP token on BNB Chain.
We deployed new collateral-type on Polygon, Optimism, and Arbitrum: we have added BTC, ETH, MATIC, and BNB as collateral, as well as most of the jFIATs available.
We have completed the integration of the DIA oracle on Polygon; we need to complete the tests and connect the DIA price feed to our Oracle contract, which will allow us to relaunch the NGNUSD price feed and, therefore the jNGN stablecoin.
We have completed a preliminary version of our “buying adaptor” for Paraswap. This buying adaptor will allow users to specify how many jFIATs they want, similar to our DEX. This is a requirement for a few projects to integrate us with Paraswap.
We kept working on the Paraswap integration for the other network and for our Atomic Swap (to support collateral swap).
We fixed some issues related to the subgraphs that we use to store the data (fees, prices, etc.).
Our subgraphs now track all the fees within the protocol (swap fees and borrowing fees) across all the networks.
We updated the app to feature all the new Credit Lines deployed on Optimism, Arbitrum, Polygon, and BNB Chain.
We started working on an updated version of our infamous Burner Wallet, to work on Gnosis Chain and Optimism. We will use these new versions, together with the Polygon and BNB one for ETHcc.
p86: using a Uniswap v3 pool with the Printer in lieu of the Wrapper, to generate additional fees for the treasury.
No new proposal.
New collateral for the Credit Lines: BTC, ETH, MATIC, BNB, jFIATs
Integration of DIA oracle for relaunching the NGNUSD price feed
Work on the Gnosis Chain and Optimsim burner wallet for ETHcc
First successful bribing round on Tetu.community
Credit Lines are an important element of the protocol for helping it to scale.
https://twitter.com/Jarvis_Network/status/1633418911767994368
We have decided to start using Tetu.community for the bribes on Polygon. For the last few rounds, we noticed that our strategy and budget were not suitable for Paladin, so we decided with Transfero to move forward with Tetu. The first round was a true success, and the yield on Balancer will therefore increase.
https://twitter.com/Jarvis_Network/status/1633435141652758529
Bloinx launched an innovative lending product on the top of jMXN.
https://twitter.com/bloinx_io/status/1633937896250933248
https://twitter.com/Jarvis_Network/status/1633844642591686659
https://twitter.com/Jarvis_Network/status/1633940391819870209
⚠️ Mind that following the hack of Euler, agEUR lost its peg and it is therefore not recommended to join the pools with agEUR.
https://twitter.com/Jarvis_Network/status/1633750629138006016
We hosted 2 live last week!
One in French:
https://twitter.com/Jarvis_Network/status/1632756582516760583
And one in English:
https://twitter.com/Jarvis_Network/status/1632755980789338112
We have completed the vault on the top of Ellipsis to mint veJARVIS with Ellipsis LP token on BNB Chain.
We deployed new collateral-type on Polygon, Optimism, and Arbitrum: we have added BTC, ETH, MATIC, and BNB as collateral, as well as most of the jFIATs available.
We have completed the integration of the DIA oracle on Polygon; we need to complete the tests and connect the DIA price feed to our Oracle contract, which will allow us to relaunch the NGNUSD price feed and, therefore the jNGN stablecoin.
We have completed a preliminary version of our “buying adaptor” for Paraswap. This buying adaptor will allow users to specify how many jFIATs they want, similar to our DEX. This is a requirement for a few projects to integrate us with Paraswap.
We kept working on the Paraswap integration for the other network and for our Atomic Swap (to support collateral swap).
We fixed some issues related to the subgraphs that we use to store the data (fees, prices, etc.).
Our subgraphs now track all the fees within the protocol (swap fees and borrowing fees) across all the networks.
We updated the app to feature all the new Credit Lines deployed on Optimism, Arbitrum, Polygon, and BNB Chain.
We started working on an updated version of our infamous Burner Wallet, to work on Gnosis Chain and Optimism. We will use these new versions, together with the Polygon and BNB one for ETHcc.
p86: using a Uniswap v3 pool with the Printer in lieu of the Wrapper, to generate additional fees for the treasury.
No new proposal.
No activity yet