Introducing Forex Yield Farming with Jarvis Network
Launching 4 Vaults with jFIAT Stablecoins on Polygon!
Dear Farmers,
We are excited to bring you a set of new jFIAT stablecoin vaults on Polygon.
The combination of speed, liquidity, and scalability of jFIATs by Jarvis Network allows us to bring you the ‘Forex’ Yield Farming experience.
The 4 auto-compounding vaults on Polygon leverage KyberDMM Pools:
- jEUR — USDC (Add Liquidity Here)
- jGBP — USDC (Add Liquidity Here)
- jCHF — USDC (Add Liquidity Here)
- AUR — USDC (Add Liquidity Here)
🍰 Rewards
Harvest and Jarvis join forces with ~$50k of rewards in addition to the AUR rewards to further increase the yield.
- Harvest Finance is adding around $30k of rewards ($400 of iFARM + $800 of MATIC per vault/week) in addition to the AUR rewards.
- The Jarvis treasury is adding around $20k of rewards as well ($3k jEUR, $3k jGBP, and $3k jCHF for respectively jEUR-USDC, jGBP-USDC and jCHF-USDC vault, and 50k JRT for all the vaults)
What’s more, we harvest the AUR-0112 tokens and sell about half of them for USDC, to add liquidity in the AUR-USDC pool. Every vault participant will therefore be rewarded with an fAUR-USDC token, representing a share of the AUD-USDC vault.
In total, there will be 5 reward tokens atop of vaults:
iFARM | JRT | AUR | MATIC | jFIAT
💡 jFIAT stablecoins can be bought directly with FIAT here.
Forex Farming 📈
The main difference with other farms like USDT or EURT is the use case of jFIAT stablecoins, which are redeemable at 0 costs in pair with USDC.
We are observing a growing interest in jFIAT stablecoins and we couldn’t miss the opportunity to collaborate with Jarvis on their product.
Jarvis pioneers a capital-efficient and innovative manner to mint and exchange synthetic fiat currencies. Called jFIATs, their design solves all the issues met by other stablecoins: they keep their peg, they are very liquid, and they quickly scale, even for exotic currencies.
They also have a 1:1 fiat on and off-ramp, so people can deposit fiat into Polygon or withdraw jFIATs into their bank account.
We are excited to see how this collaboration develops, and if the first set of vaults becomes successful, we’ll explore other exotic jFIAT vaults!
About Jarvis Network
Jarvis Network is a set of protocols and applications on EVM-compatible chains to bridge legacy and decentralized finance (DeFi). Its mission is to build an infrastructure layer that anyone can leverage to develop use cases facilitating the adoption of DeFi and build applications to onboard the next billions of users. Its first protocol, Synthereum, pioneers an innovative and capital-efficient manner to issue and exchange synthetic fiat currencies called jFIATs, thanks to a fully on-chain Forex market. jFIATs are stablecoins designed to be usable: they keep their peg, are highly liquid, and are scalable.
Contact: Pascal Tallarida, pascal@jarvis.exchange
Connect with Jarvis: Discord | Twitter | Website
About Harvest Finance
Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.
