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%
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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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2chf Balancer gauge enabled on Polygon
JRT-ETH and jMXN-XOC on Retro Finance on Polygon
CCIP integration testing
Last week, the Balancer DAO voted yes to enabling the 2chf gauge on Polygon. this will allow for on-chain CHF yield strategy.
https://twitter.com/Jarvis_Network/status/1691471814189314048
Retro Finance (Satin exchange rebranding) has launched with a JRT-ETH and jMXN-XOC pool on Polygon. The protocol has received a veRETRO allocation, and some community members received an airdrop as well.
The community and the treasury will use their veRETRO to vote for the two pools we have with them. Last week, we have deposited our first bribe for the JRT-ETH gauge.
https://twitter.com/Jarvis_Network/status/1691564541153288694
https://twitter.com/Jarvis_Network/status/1691391163318546432
https://twitter.com/Jarvis_Network/status/1692090453632393665
We are one of the sponsors of Crypto Endless, a side event that will take place during Surfin Bitcoin, in Biarritz, France.
https://twitter.com/DeFi_FR/status/1692105798535803267
We have been performing tests for our Chainlink’s CCIP integration across the whole week. The biggest part of the tests is completed, and this week we will complete the remaining tests.
We fixed a few issues on the Jarvis Migrator and Credit Line integrations in our main application.
No new discussion.
No new proposal.
2chf Balancer gauge enabled on Polygon
JRT-ETH and jMXN-XOC on Retro Finance on Polygon
CCIP integration testing
Last week, the Balancer DAO voted yes to enabling the 2chf gauge on Polygon. this will allow for on-chain CHF yield strategy.
https://twitter.com/Jarvis_Network/status/1691471814189314048
Retro Finance (Satin exchange rebranding) has launched with a JRT-ETH and jMXN-XOC pool on Polygon. The protocol has received a veRETRO allocation, and some community members received an airdrop as well.
The community and the treasury will use their veRETRO to vote for the two pools we have with them. Last week, we have deposited our first bribe for the JRT-ETH gauge.
https://twitter.com/Jarvis_Network/status/1691564541153288694
https://twitter.com/Jarvis_Network/status/1691391163318546432
https://twitter.com/Jarvis_Network/status/1692090453632393665
We are one of the sponsors of Crypto Endless, a side event that will take place during Surfin Bitcoin, in Biarritz, France.
https://twitter.com/DeFi_FR/status/1692105798535803267
We have been performing tests for our Chainlink’s CCIP integration across the whole week. The biggest part of the tests is completed, and this week we will complete the remaining tests.
We fixed a few issues on the Jarvis Migrator and Credit Line integrations in our main application.
No new discussion.
No new proposal.
No activity yet