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%
Share Dialog
Share Dialog
Subscribe to Jarvis Network 🧪🦇🔊
Subscribe to Jarvis Network 🧪🦇🔊
<100 subscribers
<100 subscribers
Completion of the JARVIS token.
Completion of the Vault LP modification.
Sponsoring of the Brussels Blockchain Week.
https://twitter.com/BrusselsBlockc1/status/1663078256906575872
Balancer deployed new gauge and new pools on Polygon. If you are a LP in the 2brl pool, migrate your liquidity.
https://twitter.com/Jarvis_Network/status/1664693427580162056
Through EURS + Wirex
https://twitter.com/pscltllrd/status/1663998147562029061
Through EURe + Monerium
https://twitter.com/pscltllrd/status/1663490713185579011
https://twitter.com/Jarvis_Network/status/1664691205639208960
We have completed all the code optimization and tests for the JARVIS token. We are going to deploy on it on the testnet for testing manually the function of the token.
We have completed the Migrator contract, which will allow JRT on any chain to be swapped for JARVIS token on the same chain. This will ease the process of migrating from the old to new token.
We have completed the addition of the fees in the LP vault, to prevent the risk of front running. We will redeploy the vault on the testnet to conduct a last round of manual testing.
We started the integration of the Wrappers within the main app.
No new discussion.
No new proposal.
Completion of the JARVIS token.
Completion of the Vault LP modification.
Sponsoring of the Brussels Blockchain Week.
https://twitter.com/BrusselsBlockc1/status/1663078256906575872
Balancer deployed new gauge and new pools on Polygon. If you are a LP in the 2brl pool, migrate your liquidity.
https://twitter.com/Jarvis_Network/status/1664693427580162056
Through EURS + Wirex
https://twitter.com/pscltllrd/status/1663998147562029061
Through EURe + Monerium
https://twitter.com/pscltllrd/status/1663490713185579011
https://twitter.com/Jarvis_Network/status/1664691205639208960
We have completed all the code optimization and tests for the JARVIS token. We are going to deploy on it on the testnet for testing manually the function of the token.
We have completed the Migrator contract, which will allow JRT on any chain to be swapped for JARVIS token on the same chain. This will ease the process of migrating from the old to new token.
We have completed the addition of the fees in the LP vault, to prevent the risk of front running. We will redeploy the vault on the testnet to conduct a last round of manual testing.
We started the integration of the Wrappers within the main app.
No new discussion.
No new proposal.
No activity yet