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 “Europools” proposal on Balancer on Polygon
JRT-ETH on Velodrome on Optimism
New partnership with Ramses Exchange on Arbitrum
Tests completed for the Vault LP
V2 deployed on BNB using a custom Midas pool
https://twitter.com/Jarvis_Network/status/1636444465865867264
https://twitter.com/jarvis_network/status/1637171596354781185?s=61&t=Iw-y9Jg0Edb-mzjZNs6Y9Q
We first posted a proposal for the EURe-jEUR gauge.
https://twitter.com/Jarvis_Network/status/1637090914924474369
And then we published one for the EURS-jEUR gauge.
https://twitter.com/Jarvis_Network/status/1637153998187765762
https://twitter.com/Jarvis_Network/status/1637089959898230784
https://twitter.com/Jarvis_Network/status/1636855155885744128
https://twitter.com/Jarvis_Network/status/1636480734327078915
We completed all the code tests for the Vault LP.
We deployed the v2 on the BNB Chain using a custom Midas pool: the BUSD serving as collateral is deposited in a Synthereum dedicated pool, and will be able to be borrowed against jFIATs.
We completed the code for the veJARVIS minting from Dotdot on BNB.
We updated the applications to add new collateral types and new Credit Line.
No new discussion.
p83: the governance approved the usage of the Printer to seed a EURe-jEUR Uniswap v3 pool.
New “Europools” proposal on Balancer on Polygon
JRT-ETH on Velodrome on Optimism
New partnership with Ramses Exchange on Arbitrum
Tests completed for the Vault LP
V2 deployed on BNB using a custom Midas pool
https://twitter.com/Jarvis_Network/status/1636444465865867264
https://twitter.com/jarvis_network/status/1637171596354781185?s=61&t=Iw-y9Jg0Edb-mzjZNs6Y9Q
We first posted a proposal for the EURe-jEUR gauge.
https://twitter.com/Jarvis_Network/status/1637090914924474369
And then we published one for the EURS-jEUR gauge.
https://twitter.com/Jarvis_Network/status/1637153998187765762
https://twitter.com/Jarvis_Network/status/1637089959898230784
https://twitter.com/Jarvis_Network/status/1636855155885744128
https://twitter.com/Jarvis_Network/status/1636480734327078915
We completed all the code tests for the Vault LP.
We deployed the v2 on the BNB Chain using a custom Midas pool: the BUSD serving as collateral is deposited in a Synthereum dedicated pool, and will be able to be borrowed against jFIATs.
We completed the code for the veJARVIS minting from Dotdot on BNB.
We updated the applications to add new collateral types and new Credit Line.
No new discussion.
p83: the governance approved the usage of the Printer to seed a EURe-jEUR Uniswap v3 pool.
No activity yet