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...
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New community-led bribing group on Velodrome
veJARVIS code for Velodrome v2 completed
jFIATs and JRT launched on Arbidex
Cross-chain swaps with AtomicDEX
https://twitter.com/Jarvis_Network/status/1673321058089222146
RWA collateral enable new yield strategies!
https://twitter.com/pscltllrd/status/1673326365226024963
Following the success of our bribing group on Dotdot on BNB Chain, we succeeded to gather a group of briber on Velodrome on Optimism.
https://twitter.com/Jarvis_Network/status/1678046675049361408
You can now leverage Beefy on Optimism to earn yield on your Euros.
https://twitter.com/beefyfinance/status/1675976053083320320
https://twitter.com/AtomicDEX/status/1676622010649317376
https://twitter.com/ArbidexFi/status/1677682008732971008
While we are not yet deployed on zkSync (waiting for EURUSD Chainlink price feed) we have committed to join Dracula as soon as possible!
https://twitter.com/dracula_fi/status/1678041330012893186
We are co-hosting the second edition of Future Of France in Paris, the 17th of July. The occasion to meet you all during the most anticipated event in France!
https://twitter.com/Jarvis_Network/status/1676582166145236995
https://twitter.com/0xboka/status/1675829810134945792
https://twitter.com/Jarvis_Network/status/1676983913397248000
With the launch of Velodrome v2, we had to refactor our veJARVIS code. veJARVIS can be minted by depositing liquidity in various liquidity pools. We have completed the modifications and the tests, and the code is now awaiting for a peer-review.
After we identified an issue with our Synthereum LP Vault, we added a fee for LP to join a vault. While refactoring the code to implement these fees, we identified that the issue can also happen when an LP withdraw from the vault, and therefore started modifying the code to implement withdrawal fees as well. The code has been completed and now requires testing and peer-review.
A first version of the main app is now accessible at the URL: app.jarvis.money. It features only the exchange, that can interact with both the Pools and the Wrappers.
We are now working on adding the Credit Line to the main app.
No new discussion.
p87: the governance approved the proposal of dydymoon, that aims at optimizing our treasury and voting power.
New community-led bribing group on Velodrome
veJARVIS code for Velodrome v2 completed
jFIATs and JRT launched on Arbidex
Cross-chain swaps with AtomicDEX
https://twitter.com/Jarvis_Network/status/1673321058089222146
RWA collateral enable new yield strategies!
https://twitter.com/pscltllrd/status/1673326365226024963
Following the success of our bribing group on Dotdot on BNB Chain, we succeeded to gather a group of briber on Velodrome on Optimism.
https://twitter.com/Jarvis_Network/status/1678046675049361408
You can now leverage Beefy on Optimism to earn yield on your Euros.
https://twitter.com/beefyfinance/status/1675976053083320320
https://twitter.com/AtomicDEX/status/1676622010649317376
https://twitter.com/ArbidexFi/status/1677682008732971008
While we are not yet deployed on zkSync (waiting for EURUSD Chainlink price feed) we have committed to join Dracula as soon as possible!
https://twitter.com/dracula_fi/status/1678041330012893186
We are co-hosting the second edition of Future Of France in Paris, the 17th of July. The occasion to meet you all during the most anticipated event in France!
https://twitter.com/Jarvis_Network/status/1676582166145236995
https://twitter.com/0xboka/status/1675829810134945792
https://twitter.com/Jarvis_Network/status/1676983913397248000
With the launch of Velodrome v2, we had to refactor our veJARVIS code. veJARVIS can be minted by depositing liquidity in various liquidity pools. We have completed the modifications and the tests, and the code is now awaiting for a peer-review.
After we identified an issue with our Synthereum LP Vault, we added a fee for LP to join a vault. While refactoring the code to implement these fees, we identified that the issue can also happen when an LP withdraw from the vault, and therefore started modifying the code to implement withdrawal fees as well. The code has been completed and now requires testing and peer-review.
A first version of the main app is now accessible at the URL: app.jarvis.money. It features only the exchange, that can interact with both the Pools and the Wrappers.
We are now working on adding the Credit Line to the main app.
No new discussion.
p87: the governance approved the proposal of dydymoon, that aims at optimizing our treasury and voting power.
No activity yet