Monthly Recap — August 2021

Although we had very limited dev power this Augustus due to the days-off, we still managed to reach a new milestone — Synthereum Polygon launch with 1:1 fiat on/off-ramp! We also progressed with the development of new features for Jarvis Exchange.

👨‍💻 Protocols

Synthereum (Synthetic Protocol)

• Synthereum TVL: $2,877k.
• jSynths minted: $1,617k.
• Volume: 1.1M
• Synthereum Broker contracts were deployed on Polygon Network together with Mt Pelerin fiat on and off-ramp integration.
• More than $100k volume for the fiat on/off ramp on Polygon Network
• OCLR contacts for Polygon Network are complete and being integrated in the UI.
• The second version of OCLR to allow users to either choose specific DEX to perform a trade or the contact will choose the path itself based on the highest returns.
• Private bug bounty was launched together with Ubiq, with a total budget of $50,000. Independent security researchers (white hackers) are looking for vulnerabilities and are trying to exploit our protocol.
• The work on the new version of Synthereum which is fully powered by Chainlink has begun, so we can deploy on other chains without having to wait for UMA’s Bridge.

Governance

• The Senate voted for official Jarvis Meme Lord (Vote & Discussion). The anon under the name of Jarvis Legatus will spread the good word of Jarvis across social media.
• Pascal drafted a proposal for the new farming program on Polygon using Kyber DMM (forum).
• Proposal was drafted to KyberDAO to launch a joint yield program, if passed, participants will receive KNC, JRT, and UMA.
• After discussions with KyberDAO, new topic emerged for the Senate to discuss: Reward JRT emission schedule.

$JRT

• The price rose to $0.1 thanks to the activity of the several members of Jarvis community, who were active on forums, and other social media.
• The overall number of holders overpassed 3,6k, and now sits at 3,638.

📱 dApps

Jarvis Exchange

app.jarvis.exchange

• Jarvis Exchange was launched on Polygon network, however, it still does not encompass the OCLR contract yet.
• The web3-react was integrated into Jarvis Exchange which eliminates all the issues users were encountering when using Wallet Connect as a sign-in option.
• All the tests for the OCLR v1 integration on Ethereum are done (next step: UI integration). The Polygon integration is in works.
• Uniswap v2 and v3, together with Kyber were integrated in the OCLR v2.

Self-minting

• The UI integration of the Bank contracts is almost complete. All the heavy lifting like logic/calculations/smart contract calls are implemented, and we are left with work purely UI related.

Yield Farming

• Polygon version of the yield farming dApp is in works.

🐱‍🏍 MISC

Yield Farming

• The AUR0819 yield farming is over. The deadline to Harvest AUR is approximately the 20th of September (Block #13263992). The deadline to Claim the rewards with AUR token is approximately the 4th of October (Block #13363992).

The overall APR for the program is approximately 20–30%.

Sponsoring program

• The program managed to collect $926 in interest allowing financing $52,914 of crypto purchase.
• We airdropped 80k $JRT to the participants, resulting in an average APY of 2.54%

Community Initiative

• First community call was initiated to help the members who organized themselves to promote Jarvis across social media and different message boards in different languages.

Hiring

• New Solidity intern joined Jarvis family. Hamza will be creating a full documentation on Synthereum, so future devs, builders, and security researchers can easily navigate through the protocol’s systems.

Jarvis mythology

• A new NFT to commemorate the launch of the first fiat on and off-ramp of our synthetic assets (jFIAT) with Mt Pelerin was published.

Rarible: NFT Marketplace

This is all for now, see you next month!

Vsevolod.

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