Newsletter, 13th of October
One more week has passed, one more newsletter to go. Let's dive in.
Exchange
If you read the previous newsletter, and our constant telegram updates, you know that we have a concept of the dashboard and how it should function (a user logs in and locks his tokens to receive “dividends”, and also is able to see the “health” of the exchange). The core idea is nice but after some deliberation (we got the price and time estimation which was not really reasonable for us), we decided to make it more simple. At the moment, we are searching for alternative ways to build the dashboard together with our devs in Vietnam. The end goal is to find a solution to make it cheaper, more automatic, and honestly, make for better user experience (i.e. the user will just receive DAI weekly, without obligation of locking the tokens). We came up with a proposition and now waiting for the feedback from the devs, to see if it's feasible.
Wallet
First thing first — our friends from the ETHworks successfully presented our wallet at the Annual Ethereum Dev conference in Osaka. As you may guess there are no development updates since they did mainly networking:) However, the good news does not stop there! The smart contract of the Jarvis Wallet has been audited and it is now on the mainnet! The first-ever transaction was done, using Jarvis Wallet application. You can check it here. They also managed to integrate Ramp.network as a native fiat gateway in the identity protocol! This allows buying cryptocurrency with Revolut without the KYC. Unfortunately, the fees are still quite high, but it is a “small step towards the bigger future”. And now we see it is possible so in the future we might use the open banking APIs in order to seamlessly connect your bank account and buy crypto without KYC.
Stablecoin
This week we were trying to solve the challenges that came up. The original idea is beautiful and on point, but if you look closely there are some difficulties to overcome. It will take longer than expected to put everything together and work, but it is how the world works — if you want to build something significant, you will have to put time and effort, to achieve the result, otherwise, it will be either insignificant or huge but poorly made. For now, we figuring out how to work with what we have, and will share more information, as soon as we can.
Vsevolod.
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⛔ Disclaimer: This article contains text, data, graphics, photographs, illustrations and information (“Information”) connected with Jarvis International and/or other entities part of the Jarvis group ( “Jarvis”). Jarvis attempts to ensure Information is accurate, however, Information is provided “AS IS” and on an “AS AVAILABLE” basis and may not be accurate or up to date. The publication of this article does not represent solicitation by Jarvis of buying the token “Jarvis Reward Token” and is not to be considered as a recommendation by Jarvis as to the suitability of any investment, if any, herein described. No action should be taken or omitted to be taken in reliance upon Information in this document. Jarvis accepts no liability for the results of any action taken on the basis of the Information.
