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Weekly newsletter of Jarvis Network 🧪 - Issue #28

Weekly newsletter of Jarvis Network 🧪 - Issue #28
  • Morpho, RealT and DMTrading have adopted jFIATs
  • $250k of payments through Request and Superfluid
  • Synthereum v2 is ready for its first audit!
  • The 2brl pool reaches $500k of liquidity.
  • Jarvis takes part in the launch of Dystopia.
  • The governance approved the launch of a 2eur and 2nzd pool

📰 Quick news
Morpho and RealT are using jFIATs
Last week, we had the pleasure to see that Morpho, a lending protocol built on the top of Aave, and RealT, a platform to invest in tokenized real estate, are using jEUR and jCHF to pay some of their collaborators.
jEUR and jCHF are the most liquid Euro and Swiss Franc stablecoin, are integrated within Request and Superfluid, two payments protocol, and have a 0-fee fiat on and off-ramp, making them perfect for payment.
I'm now fully on chain ! My client @MorphoLabs pays me in jEUR @Jarvis_Network via @RequestFinance. I can then easily invest in DeFi or transfer to my Fiat account with @mtpelerin !
pascal0x 🧪
@RealTPlatform is also experimenting payment of their collaborators in jFIATs.

Last week @DMTrading also paid a freelancer in jEUR.

jFIAT are ultra liquid on every chain, they have a fiat on and off-ramp on every chain, and soon on-chain payment possibilities on every chain.
Synthereum v2 is ready for its audit!
We have completed all the unit testing, and fixed all the errors. After a last internal review, and the creation of a new documentation, the code is finally ready to be audited!
pascal0x 🧪
The code of the @Jarvis_Network's #synthereum v2 is audit-ready.

v1 vs v2?

The scalability required to become one of the largest Euro stablecoin out there.

But not just Euro.
The 2brl pool reached $500k of liquidity
Jarvis Network 🧪
💥 The #2brl pool on @Ellipsisfi doubled, thanks to a liquidity provider who migrated their $BRZ liquidity from @PancakeSwap to our pool.

It made the Brazilian Real stablecoin issued by @BrzToken even more liquid!
Imbalance in the 2sgd pool
Jarvis Network 🧪
👀Someone massively sold $XSGD from @xfers, creating imbalances in the #2sgd pool and on @Uniswap and @DFXFinance pool on @0xPolygon.

Reminder: @mtpelerin has a 0-fee fiat on-ramp for $jSGD. This would allow arbitrage using Mt Pelerin as an on-ramp and XFers as an off-ramp.
End of the Forex Farming program
After a few debates, the governance has decided to put an end to our very first liquidity mining program.
Jarvis Network 🧪
📢As per the last vote, the Forex Farming program ends today.

The $jEUR-USDC, $jGBP-USDC and $jCHF-USDC liquidity mining (LM) on #KyberSwap will not be renewed.

They will eventually be replaced by other LM programs against more volatile assets.
$250k of payment with jFIATs
A few organization and freelancers have used jEUR and jCHF for paying salaries and invoices using Request and Superfluid, amounting $255k as of today.
In addition to that, our company has paid for 260k jEUR ($275k) of salaries and invoices using Mt Pelerin.
Jarvis Network 🧪
$jEUR and $jCHF are the most liquid, stable, and useful Euro and Swiss Franc stablecoin on @0xPolygon and on multiple other EVM-chain.

💥Almost $240k worth of these two assets have been used so far to pay people through @Superfluid_HQ and @RequestFinance.
Jarvis Network is part of the Dystopia launch
Dystopia is an improved version of Solidly on Polygon. They have selected a few projects on Polygon to receive veDYST, and Jarvis is one of them.
The governance will need to decide what to do with it.
Jarvis Network 🧪
💪We are honored to be part of the @dystopiaswap launching cohort!

Dystopia (token $DYST) is an upcoming AMM that allows low slippage between stablecoins and correlated assets.

It is the Solidly of Polygon, but with a few changes...

A new milestone: $150,000,000 of swaps!
Jarvis Network 🧪
💲1️⃣5️⃣0️⃣.0️⃣0️⃣0️⃣.0️⃣0️⃣0️⃣ of Forex swaps on our primary market on @0xPolygon.
Synthereum is very capital efficient!
Jarvis Network 🧪
On @0xPolygon:
◽$150M of swaps on primary markets
◽$100M of swaps on secondary markets
◽90k swaps
◽10k unique users

◽$50M of transfers
◽$15M of fiat on and off-ramps
◽$250k of payments

💥All of this enabled thanks to only $1M of liquidity. That's capital efficiency.
🧪 Synthereum
  • TVL: $7,453,709.98 ($8,588,701.67)
  • Market Cap: $6,477,527 ($7,091,971)
  • Volume: $155,806,088 ($149,543,568)
  • Swaps: 48,527 (44,546)
  • Users: 10,256 (10,140)
BNB Chain
  • TVL: $415,480.26 ($413,975.03)
  • Market Cap: $236,010.24 ($253,659.39)
  • Volume: $1,323,308.50 ($1,131,465.54)
  • Swaps: 700 (638)
  • Users: 203 (193)
More data on our BNB Dune Analytics dashboard
  • The Aave module for the Printer is completed and tested and the Solidity part and majority of tests for the module are done.
  • The Synthereum v2 pools were adjusted to avoid bytecode size overflow.
  • The migration functionality is currently being developed to allow us to move funds and data between different pools.
📱 Apps
Jarvis SDK
  • We’ve completed the UI package and published a new version.
  • The majority of the core-sdk package is also completed.
🗳️ Governance
  • p46: the discussion for replacing Forex Farming has started again.
  • p56: a discussion was opened to debate on what strategy we should adopt regarding Dystopia.
  • p57: a new discussion to discuss our bribing strategy on Ellipsis for the 2brl pool
  • p57: the governance approved the renewal of the JRT-ETH KPI options. The new KPI option will deliver 3M JRT, 1M if the liquidity is below $1M, 2M JRT if it is above $2M, and 3M JRT if it is above $2M of liquidity.
  • p58-1: the governance approved the renewal of the 4eur program with 50% fewer rewards.
  • p58-2: it also approved the launch of a 2eur pool with the agEUR of Angle.
  • p58-3: and the launch of a new pool, the 2nzd pool.
  • p58-4: finally, it approved the rewards budget for 2cad, 2jpy, 2nzd, and 2sgd, reduced by 50%.
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Weekly newsletter of Jarvis Network 🧪

Stable and liquid synthetic fiat currencies with a built-in #Forex swap feature.

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