Newsletter, 10th of May
- New UMIPs to support new collateral types
- p5–1 vote is complete, p5–2 is open for voting
- Farming dApp UI is complete
- APY of 28%, 8%, and 13% on Uniswap, Bancor, and Sushiswap
👨💻 Protocols
Synthereum (Synthetic Protocol)
- jSynths minted: $702k
- TVL: $1,059k
- $5,107 of available liquidity to mint around $10,214 of jSynths
We created UMIPs to support new collateral types (UST and yvUSDC) as well as new pairs (UMAEUR, UMAGBP, etc.).
No critical vulnerabilities have been found in the 2n audit.
It is almost completed (the team is very thorough and is now “auditing their audit” to make sure that they did everything properly and that there is no “false positive”).
The tests for the Bank contracts are completed as well as some minor refactoring of the Broker contracts to remove unnecessary code.
These new Broker contracts are also more scalable and will allow deeper liquidity as we have lowered the liquidation threshold and collateralization ratio. They are also safer as we have increased the liveness period for the disputes.
Governance
A new vote (p-5–1), about how to allocate treasury funds, has been proposed and is now complete (you can see the forum discussion here).
Funds will be proportionally allocated to the top 3 results.
A total of 139 addresses voted with more than 35M JRT (29% of circulating supply).
A new vote is conducted to decide the ratio between the 3 strategies, you can vote here, and discuss it here.
$JRT
JRT price was moving in a range manner throughout the week, finishing at $0.18 mark.
The number of addresses dropped to 3,565.
📱 dApps
Farming dApp
The farming UI has been complete, you can test it on Kovan (the numbers are for test purposes only): https://jarvis-reward-program.netlify.app/yield
🐱🏍 MISC
Liquidity program
Total liquidity: $5,948,315
- Uniswap V1: $24,309;
- Uniswap V2: $1,156,296;
- Bancor: $1,568,163;
- Balancer: $709,812;
- Sushiswap: $2,489,735.
You can buy $20k worth of $JRT with 1.03% slippage and $50k with 1.46% slippage.
35,000 $JRT are added to the next airdrop for Uniswap LPs, and 15,000 $JRT for the Bancore ones (50,000 $JRT altogether, which was roughly $9,000).
- Uniswap weekly ROI 0.54% / yearly ROI 28.33%;
- Bancor weekly ROI 0.17% / yearly ROI 8.95%;
- SushiSwap weekly ROI 0.28% / yearly ROI 13.53%.*
*SushiSwap LPs receive Sushi tokens as rewards
Sponsoring Program
- Deposited capital: $369,698 (0.83%)
- Interest generated: $611 (-27.92%)
- Allows financing: $34,914
Aave participants share 20,000 $JRT, which translated to a weekly ROI of 0.97% and a yearly ROI of 50.63%.
This is all for now, stay safe, and see you next week!
Vsevolod.
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