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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New jEUR-stEUR pool on Arbitrum
JRT → JARVIS Migration contracts are ready
As a result of the freeze of several markets on Aave, it is not possible to borrow or deposit more USDC on Polygon, and, therefore, to buy jEUR from the protocol on Polygon since buying jEUR includes depositing USDC into Aave.
https://twitter.com/aave/status/1720868368331219100
jEUR-stEUR is a Concentrated Liquidity (CL) pool launched on Ramses on Arbitrum.
https://twitter.com/Jarvis_Network/status/1720348557721456854
https://twitter.com/Retro_finance/status/1719444192479658065
https://twitter.com/Jarvis_Network/status/1719982895345934346
The fixes on the stJARVIS and veJARVIS contracts have now been implemented.
We have redeployed the Migrator contracts on Polygon, Optimism and Arbitrum to enable the migration of JRT → JARVIS (powered by Wormhole) and JARVIS (minted by the official Polygon, Optimism and Arbitrum bridges) → JARVIS (powered by Wormhole). This allows holders of JRT and holders of JARVIS (who have already been migrating their tokens on Polygon, Optimism and Arbitrum) to migrate them seamlessly on any chain.
The cross-chain JARVIS token powered by Wormhole has been added to all the Migrators on BNB, Polygon, Optimism and Arbitrum.
The Migration page to move JRT → JARVIS have been updated.
p90: changing the signers of the multi-sig.
p89: refund the gas spent by signers of the multi-sig.
New jEUR-stEUR pool on Arbitrum
JRT → JARVIS Migration contracts are ready
As a result of the freeze of several markets on Aave, it is not possible to borrow or deposit more USDC on Polygon, and, therefore, to buy jEUR from the protocol on Polygon since buying jEUR includes depositing USDC into Aave.
https://twitter.com/aave/status/1720868368331219100
jEUR-stEUR is a Concentrated Liquidity (CL) pool launched on Ramses on Arbitrum.
https://twitter.com/Jarvis_Network/status/1720348557721456854
https://twitter.com/Retro_finance/status/1719444192479658065
https://twitter.com/Jarvis_Network/status/1719982895345934346
The fixes on the stJARVIS and veJARVIS contracts have now been implemented.
We have redeployed the Migrator contracts on Polygon, Optimism and Arbitrum to enable the migration of JRT → JARVIS (powered by Wormhole) and JARVIS (minted by the official Polygon, Optimism and Arbitrum bridges) → JARVIS (powered by Wormhole). This allows holders of JRT and holders of JARVIS (who have already been migrating their tokens on Polygon, Optimism and Arbitrum) to migrate them seamlessly on any chain.
The cross-chain JARVIS token powered by Wormhole has been added to all the Migrators on BNB, Polygon, Optimism and Arbitrum.
The Migration page to move JRT → JARVIS have been updated.
p90: changing the signers of the multi-sig.
p89: refund the gas spent by signers of the multi-sig.
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