
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 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 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%



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 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 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
BTC <> jEUR cross-chain swap by Mt Pelerin
Balancer and Velodrome liquidity pools for JARVIS-ETH launched
Started the work in adding Backed’s oracle of their tokenized ETF on Polygon
New governance discussion to optimize the protocol’s treasury
https://twitter.com/mtpelerin/status/1671454553772900353
For the second round in a row, Snapshot experienced issues preventing Mimo to vote, and therefore the pool will not receive BAL emission for the next two weeks. Luckily we can count on our friends at Harvest and Beefy!
https://twitter.com/Jarvis_Network/status/1672914645479202818
https://twitter.com/Jarvis_Network/status/1672914748411719680
https://twitter.com/Jarvis_Network/status/1672135828124971008
We have deployed, verified and listed the JARVIS token on the Ethereum, Polygon, Optimism and Arbitrum block explorer and bridged the JARVIS token to BNB Chain (waiting to be listed and verified on the BNB Chain block explorer).
We have deployed 50/50, 80/20 and 98/2 JARVIS-ETH Balancer pools, and a 50/50 JARVIS-ETH Velodrome (v2) pool. We are waiting for the Ellipsis team to help us deploying a JARVIS-ETH pool.
The launch of Velodrome v2 forced us to re-work on the veJARVIS code on Optimism, which was based on Velodrome v1. We completed the code update and it needs now to be tested.
We have started working on adding the Backed oracle for launching new collateral type, starting with bHIGH from iShares (by Black Rock).
We have fixed a few issues on the app.
p87: a new discussion launched by dydymoon to leverage our treasury to acquire more voting powers within Balancer, and use our Money Printer to launch jFIATs AMO on various AMM. The end goal being to start generating more revenues in light of the upcoming veJARVIS launch.
No new vote.
BTC <> jEUR cross-chain swap by Mt Pelerin
Balancer and Velodrome liquidity pools for JARVIS-ETH launched
Started the work in adding Backed’s oracle of their tokenized ETF on Polygon
New governance discussion to optimize the protocol’s treasury
https://twitter.com/mtpelerin/status/1671454553772900353
For the second round in a row, Snapshot experienced issues preventing Mimo to vote, and therefore the pool will not receive BAL emission for the next two weeks. Luckily we can count on our friends at Harvest and Beefy!
https://twitter.com/Jarvis_Network/status/1672914645479202818
https://twitter.com/Jarvis_Network/status/1672914748411719680
https://twitter.com/Jarvis_Network/status/1672135828124971008
We have deployed, verified and listed the JARVIS token on the Ethereum, Polygon, Optimism and Arbitrum block explorer and bridged the JARVIS token to BNB Chain (waiting to be listed and verified on the BNB Chain block explorer).
We have deployed 50/50, 80/20 and 98/2 JARVIS-ETH Balancer pools, and a 50/50 JARVIS-ETH Velodrome (v2) pool. We are waiting for the Ellipsis team to help us deploying a JARVIS-ETH pool.
The launch of Velodrome v2 forced us to re-work on the veJARVIS code on Optimism, which was based on Velodrome v1. We completed the code update and it needs now to be tested.
We have started working on adding the Backed oracle for launching new collateral type, starting with bHIGH from iShares (by Black Rock).
We have fixed a few issues on the app.
p87: a new discussion launched by dydymoon to leverage our treasury to acquire more voting powers within Balancer, and use our Money Printer to launch jFIATs AMO on various AMM. The end goal being to start generating more revenues in light of the upcoming veJARVIS launch.
No new vote.
No activity yet