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Weekly newsletter of Jarvis Network 🧪 - Issue #40

Weekly newsletter of Jarvis Network 🧪 - Issue #40
  • $1M of TVL on BNB Chain
  • New incentives and new Beefy vaults for multiple pool on Polygon, BNB Chain and Optimism
  • 115k jCHF added to the jCHF market on Midas on BNB Chain.
  • $2.1M of on and off-ramp transactions in August
  • Atomic Swap contract updated to support jFIAT swap
  • Discussions to move our ecosystem to Balancer on Polygon
  • Discussions about optimisation of the treasury, yield, JRT inflation,
  • 2mxn pool on Polygon

📰 Quick news
Renewal of the liquidity incentives on polygon
Jarvis Network 🧪🦇🔊
The governance has voted to renew the yield for most of our pools on @0xPolygon as well as adding a new one: the #2eur (EURe) pool featuring the $EURe from @monerium!

EURe is a fiat-backed Euro stablecoin who can be minted by.... sending Euros to your personal Monerium IBAN! https://t.co/y7IucbuqBk
New Beefy vault
Following the launch of the new 2eur (EURe) pool, our partner Beefy launched a new vault.
Beefy
Beefy’s new #Curve @Jarvis_Network vault will have your Euro #StableCoins earning more.

💶 $jEUR - $EURe LP: 802% APY
👉 https://t.co/w9HmcGxI04

Got Stables? Use Beefy.

@0xPolygon #Polygon @CurveFinance https://t.co/SHin1vOpR7
First steps on Optimism
Following the launch of Synthereum v2 on Optimism, a pool with agEUR was launched. The company acquired VELO token and locked them for the maximum period in order to vote for the pool.
Jarvis Network 🧪🦇🔊
Some people are ready...

This pool will favour on-chain arbitrages using the agEUR-USDC pool on Velodrome, fostering more trading volume!

How?

1. USDC ➡️ agEUR on Velodrome
2. agEUR ➡️ jEUR on Velodrome
3. jEUR ➡️ USDC on https://t.co/949kA7oo2s

(or vice versa) https://t.co/hYuyngwLXV https://t.co/IW01YjEQZF
After the voting period ended, the pool received enough VELO to payout a yield of 20%.
Jarvis Network 🧪🦇🔊
Did you know?

There is a farming program on Optimism for the $jEUR - $agEUR pool, yielding at 18%. https://t.co/6C3xlJ5qDF
As a reminder, another vote approved the use of the treasury’s funds to supply liquidity for jEUR on Optimism. As such, the treasury receives trading fees, interests from lending the collateral on Aave and OP token (from the Aave liquidity incentives).
We put together some information in the following thread:
Transfero join the 3brl bribing effort!
Since last week, Transfero, the company behind the BRZ token, is bribing the new Ellipsis 3brl pool on DotDot on the BNB Chain.
Two new pools on Ellipsis and DotDot
One community member created, seeded, voted and bribed for a jCHF-BUSD, attracting large inflow of capital into Jarvis on the BNB Chain.
We also have launched a JRT-BNB pool and the company has purchased and locked DDD token to vote for the pool.
This pool does not require JRT incentives.
Jarvis Network 🧪🦇🔊
There are two new opportunities on the #BNBChain:

- $jCHF / $BUSD pool
- $JRT / $BNB pool

Liquidity for jCHF on its way! https://t.co/jTchZjssIS
Following the launch of the jCHF-BUSD incentives, Beefy launched a new vault.
Beefy
Get your Swiss Francs autocompounding on Beefy now so you can kick back and enjoy the weekend.

$jCHF - $BUSD LP: 61.1% APY
👉 https://t.co/Xq7jh4i19J

@ellipsisfi @BNBCHAIN @dotdotdotfi @jarvis_network https://t.co/bfL1ADFdKl
And jCHF was added to Midas to absorb the liquidity needs.
Jarvis Network 🧪🦇🔊
💪115,200 $jCHF have been added to our @MidasCapitalxyz pool on #BNBChain!

You can now borrow jCHF in order to participate in the jCHF-BUSD pool on @Ellipsisfi and @DotDotDotFi! https://t.co/DRfrwPEOht
$2.1M of on and off-ramp transactions in August
Jarvis Network 🧪🦇🔊
📢Last month, $2.1M of jFIATs have been on and off-ramped through @mtpelerin!

Some facts:
▫️ $25M in 12 month!
▫️ 2x more on-ramps than off-ramps
▫️ boom in the activity for $jGBP and $jCAD https://t.co/Si1CAxhQKI https://t.co/FGMVlloIxd
How imbalances can be useful?
A thread on how one can leverage the 2eur (PAR) imbalance.
Jarvis Network 🧪🦇🔊
Another day, another useful imbalance.

In the 2eur (PAR) pool, there are less $PAR than $jEUR.

One can borrow PAR on @mimo_labs against a variety of collateral, swap them for jEUR and:

1. enjoy deep liquidity on @paraswap to buy the dip, or
2. off-ramp with 0 fee on @mtpelerin https://t.co/CEPekf8fP1
3-month recap!
Last week we organised a live to recapitulate the past 3 months at Jarvis!
June - September - Synthereum v2 ecosystem
June - September - Synthereum v2 ecosystem
Launch of the 2mxn pool on Polygon!
🧪 Synthereum
Data on Polygon
  • TVL: $6,168,929.09 ($6,438,725.22)
  • Market Cap: $5,217,389 ($5,965,821)
  • Volume: $239,302,804 ($230,650,386)
  • Swaps: 129,215 (120,845)
  • Users: 11,407 (11,245)
Data on BNB Chain
  • TVL: $1,314,946.68 ($629,561.98)
  • Market Cap: $1,140,721.21 ()
  • Volume: $9,944,363.20 ($7,487,217.11)
  • Swaps: 2,310 (1,879)
  • Users: 411 (351)
More data on our BNB Dune Analytics dashboard
Dev
  • We have started working on the Liquidation Module, allowing anyone to perform a flash loan using the Money Printer to perform a liquidation (either to liquidate a LP or a borrower.
  • Some adjustments and optimizations were done on the Atomic Swap contracts, allowing to perform jFIAT to jFIAT swap; until now, it was not possible since unlike Synthereum v1, the v2 only allows mint and redeem.
  • Development and testing of the share distribution logic for the Buy Back vault is completed. This vault will be used within the JARVIS new token economics.
📱 Apps
Exchange app
We kept working on moving from the Jarvis Exchange v1 to v2.
Liquidity app
We worked on some UI issues within the liquidity app on Optimism.
Dashboard
The Polygon dashboard was updated to better track the volume for each jFIAT on the primary market. The urls were also updated, you can now find them at:
🗳️ Governance
Proposal
  • p67: we started discussing the migration from Curve to Balancer and all the benefits it could bring for Jarvis.
  • p68: we started discussing a budget and a strategy for bribes and/or purchasing VELO to sustain the pool on Velodrome.
  • p69: we also started a similar discussion regarding bribing and purchasing more DDDD to sustain the pools on Ellipsis.
  • p71: this discussion is actually connected the the p67 68 and 69 and is all about optimising the treasury, the yield, and the JRT spendings.
Votes
  • p70: the governance approved the renewal of the liquidity incentives on Polygon.
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