Weekly newsletter of Jarvis Network 🧪 - Issue #22

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Weekly newsletter of Jarvis Network 🧪 - Issue #22
  • $2.7M jFIAT minted for money markets’ liquidity
  • Launch of the 2brl yield farming program on BNB CHain!
  • The treasury purchased an additional $20k of CVX.
  • The v2 (Multi-LP) is deployed on Mumbai!

📰 Quick news
$2.7M of jFIATs deposited in money markets
As per the vote p49, the treasury minted $2.7M worth of jFIATs, and deposited them into Aave v3 and Market.xyz.
This allows for a low-interest fee for borrowers as well as to generate more revenues for the treasury.
Jarvis Network 🧪
As per the vote p49, the treasury minted 680k $jEUR and deposited them into @AaveAave v3.

It allows borrowing jEUR at a low-interest rate.

Use case?
🏧 0-fee off-ramp on @mtpelerin
🔄 deposit in the #4eur pool on @market_xyz
📉 0-slippage short Euro on https://t.co/949kA7oo2s https://t.co/aThIR2fSSF
Jarvis Network 🧪
💥 Following the deposit of liquidity on Aave, the treasury deposited $2M of jFIATs on @market_xyz. https://t.co/vud4rBT2yd
Launch of the 2brl yield farming program!
Last week we launched our first yield farming program on the BNB Chain, featuring the 2brl pool on Ellipsis.
Jarvis Network 🧪
🇧🇷 The first yield farming program for Real stablecoin is live on @BNBCHAIN!

LPs providing $jBRL and/or $BRZ on @Ellipsisfi will receive JRT-MAY22 tokens.

➡️Visit: https://t.co/vpxWk4EVNL

1/5 https://t.co/6F5Ag78uXz
This allows improving the BRZ’s on-chain liquidity, generating yield on BRL stablecoins, and opening a new cross-border route!
pascal0x 🧪
Besides providing yield on BRL stablecoins (which is already a cool use case), the #2brl pool provides:

💧on-chain liquidity for $BRZ
🏧defi fiat on and off-ramp
🪄magic loans where you get paid!
🌐new remittance/cross-border corridor

Let's see how DeFi creates value!

1/11 https://t.co/pxszROyGqs
2sgd vault on Harvest
Our partner Harvest launched a new vault for our 2sgd yield farming program.
Jarvis Network 🧪
As per the vote p49, the treasury minted 680k $jEUR and deposited them into @AaveAave v3.

It allows borrowing jEUR at a low-interest rate.

Use case?
🏧 0-fee off-ramp on @mtpelerin
🔄 deposit in the #4eur pool on @market_xyz
📉 0-slippage short Euro on https://t.co/949kA7oo2s https://t.co/aThIR2fSSF
Jarvis Network 🧪
💥 Following the deposit of liquidity on Aave, the treasury deposited $2M of jFIATs on @market_xyz. https://t.co/vud4rBT2yd
2sgd vault on Harvest
Our partner Harvest.finance has added the support for our 2sgd yield farming program.
Harvest Finance
NOW LIVE: Singapore $SGD stablecoin vault 🚜

In tandem ft. @Jarvis_Network & @StraitsX 🤝

Now printing: 292% APY ⚡

Stake & earn yield
👉 https://t.co/gSwladtEax 👉 #Polygon https://t.co/E0pMWQAbDG
Purchase and lock of CVX
The treasury has purchased and lock more CVX, leveraging the recent drop in CVX price.
$50M of transfers!
Users transferred for more than $50M of jFIATs on Polygon!
Jarvis Network 🧪
$50M of jFIATs has been transferred (from wallet to wallet). https://t.co/hATud9Fklb
🧪 Synthereum
Data
Polygon
  • TVL: $8,341,883.16 ($8,392,063.04)
  • Market Cap: $7,025,200 ($7,087,196)
  • Volume: $128,631,275 ($124,360,072)
  • Swaps: 38,954 (37,713)
  • Users: 9,746 (9,667)
BNB Chain
  • TVL: $284,540.60
  • Market Cap: $126,743.50
  • Volume: $413,812.41
  • Swaps: 338
  • Users: 112
More data on our BNB Dune Analytics dashboard
Dev
  • We deployed the whole v2 architecture in Mumbai and are working on the automated tests as well as manual testing. Minor fixes and adjustments are being done as we progress
  • On the Lending Module, most of the fixes/improvements are done as well as the tests.
📱 Apps
Borrowing app
  • The connectivity to wallets is done.
  • The onboarding flow has been completed.
🗳️ Governance
Discussion
  • p50: the discussion is about choosing new signers for the treasury multi-sig.
Proposal
  • p49-2: this proposal needed to be voted again; the governance approved the setting up of a minting cap of 30% for Market.
  • pXX: the governance approved the bribing strategy to leverage our vlCVX, by voting for the crvcvx pool.
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