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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Jarvis at the Brussels Blockchain Week
Yield on jEUR-PAR through Harvest and Beefy
New JARVIS token and the LP Vault deployed on the testnet
Beginning of the R&D for our next protocol
We have participated and sponsored the second edition of the Brussels Blockchain Week. We have met with a few community members and had the opportunity to introduce how stablecoins and on-chain FX can create better remittance corridors.
https://twitter.com/pscltllrd/status/1666895943554195472
Following an issue with both Snapshot and Tetu, we could not vote on the last round, leading to no BAL emission for the 2eur pool on Balancer.
Yet, there is still yield! For the next two weeks, you can earn yield in jEUR and JRT on Harvest, and in jEUR on Beefy!
https://twitter.com/harvest_finance/status/1666761361949356032
https://twitter.com/beefyfinance/status/1666503319735418880
https://twitter.com/Jarvis_Network/status/1665705350303973377
After having finalized the deployment scripts, we have deployed the new JARVIS token and its JRT-JARVIS Migrator contract on the testnet to conduct manual testing. We also have fini
We had to fix a small issue in the vault, caught during the last testing. We fixed it, and we have deployed the new version to conduct the manual testing.
As we are approaching the end of the codebase of the Synthereum protocol, we have started our R&D for what will come next for Jarvis Network. Synthereum was the second protocol we launched. Margineum, an FX perp protocol, was launched in 2019 but the protocol was not decentralized enough and we did not find a PMF so we pivoted to stablecoins. It is our goal to relaunch Margineum in the future (derivatives FX, both Futures and Options) but we will first work on protocols that can bring more liquidity and yield to jFIATs and other stablecoins as well as other tokens in general.
The Wrappers (EURe, TRYB, BRZ, CADC and XSGD) were integrated within the main app.
We have started with the integration of the Credit Lines.
No new discussion.
No new vote.
Jarvis at the Brussels Blockchain Week
Yield on jEUR-PAR through Harvest and Beefy
New JARVIS token and the LP Vault deployed on the testnet
Beginning of the R&D for our next protocol
We have participated and sponsored the second edition of the Brussels Blockchain Week. We have met with a few community members and had the opportunity to introduce how stablecoins and on-chain FX can create better remittance corridors.
https://twitter.com/pscltllrd/status/1666895943554195472
Following an issue with both Snapshot and Tetu, we could not vote on the last round, leading to no BAL emission for the 2eur pool on Balancer.
Yet, there is still yield! For the next two weeks, you can earn yield in jEUR and JRT on Harvest, and in jEUR on Beefy!
https://twitter.com/harvest_finance/status/1666761361949356032
https://twitter.com/beefyfinance/status/1666503319735418880
https://twitter.com/Jarvis_Network/status/1665705350303973377
After having finalized the deployment scripts, we have deployed the new JARVIS token and its JRT-JARVIS Migrator contract on the testnet to conduct manual testing. We also have fini
We had to fix a small issue in the vault, caught during the last testing. We fixed it, and we have deployed the new version to conduct the manual testing.
As we are approaching the end of the codebase of the Synthereum protocol, we have started our R&D for what will come next for Jarvis Network. Synthereum was the second protocol we launched. Margineum, an FX perp protocol, was launched in 2019 but the protocol was not decentralized enough and we did not find a PMF so we pivoted to stablecoins. It is our goal to relaunch Margineum in the future (derivatives FX, both Futures and Options) but we will first work on protocols that can bring more liquidity and yield to jFIATs and other stablecoins as well as other tokens in general.
The Wrappers (EURe, TRYB, BRZ, CADC and XSGD) were integrated within the main app.
We have started with the integration of the Credit Lines.
No new discussion.
No new vote.
No activity yet