Monthly Recap — November 2020
It was decided to funnel all of our resources towards Synthereum and Jarvis Exchange development and it paid off. We also welcomed a new senior full-stack developer, Dimitar.
👨💻 Protocols
Synthereum (Synthetic Protocol)
- We completed the forking of UMA contracts and are awaiting for their code review and approval.
- The TypeScript translation of the Relayer was finished and improved, and we are integrating the new price feed API to it.
- Documentations was published for both the auditors and our developers to understand how Synthreum works.
- Audits have been performed by Halborn on some parts of the code, and penetration tests were conducted on the off-chain elements like the front-end.
$JRT
- This month $JRT almost doubled after the October fall.
- The number of JRT holders kept increasing throughout the month over passing 2.6k at the peak.
📱 dApps
Jarvis market
- The base layout for Jarvis Market was finished, overall we have achieved the desired layout. Some issues from the previous frontend code were cleaned and adjusted, as well as adding new elements to the UI package.
Jarvis exchange
https://jarvis.exchange (coming soon)
- The exchange panel was completed, as well as both the activity and the account windows.
- All the necessary code for displaying prices on the frontend and to build the charts is done, as well as the database to display historical price data.
- More wallet connections were added through the Blocknative library.
- We also asked our community to give us feedback on the overall design and user experience, and if you still did not manage to take a look yet, we advise you to do so, user feedback is important for us: https://5fb62f375a0bd9a906d8d4c0--jarvis-exchange-ng.netlify.app/
🐱🏍 MISC
Liquidity program
- The liquidity went from $1.2M to $1.7M throughout the month.
- 408,750 $JRT were airdropped to the liquidity providers in November which resulted in an average APY of 27.19% for Uniswap, for 11.59% Balancer, and 42% for Bancor.
Sponsoring program
- The program managed to collect $3,235 in interest allowing financing $184,881 of crypto purchase.
- We airdropped 136,250 $JRT to the participants, resulting in an average APY of 12.10%
Recruitment
- In the first week of November, we onboarded a new Full-Stack developer, Dimitar, who started working on the Relayer and the price feed.
Business
- We had two calls with crypto funds that are interested to provide liquidity for our synthetic assets, following our test on Kovan that they found quite exciting.
This is all for now, stay safe, wash hands and see you next month!
Vsevolod.
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