Newsletter, 12th of April
- jFiat undergoes legal opinion
- Borrowing pool tests
- A new version of Jarvis Exchange released
- The first big Jarvis NFT is about to be released
- APY of 44%, 9%, and 26% on Uniswap, Bancor, and Sushiswap
👨💻 Protocols
Synthereum (Synthetic Protocol)
- jSynths minted: $686k
- TVL: $1,059k
- 4,771 of available liquidity to mint around $9,542 of jSynths
We started working in the atomic swap/OCLR for Synthereum.
75% of the contracts for the borrowing pool are tested, however, we still need to write tests for 3 more contracts (about a week of work).
We also started the process to get legal opinions on jEUR, jGBP, jCHF.
Governance
We received 1125 UMA this week. As per the last vote, 30% will go to jFiat holders, 20% to Synthereum Lp. 50% to the treasury.
The latter now holds almost 100k USD.
$JRT
The price gradually dropped to the $0.2 mark.
The number of addresses decreased by a dozen and is now at around 3.7k.
📱 dApps
Jarvis Exchange
A new version of Jarvis Exchange was released on Friday, which included:
- The dropdown menu on the chart to select an asset pair.
- The arrows icon to switch assets places as ex. from USDC/jEUR to jEUR/USDC.
- Custom notification system to improve user feedback.
- Activity panel to track all your past and present transactions.
- Improved search for asset pairs with some typo tolerance logic.
🐱🏍 MISC
Liquidity program
Total liquidity: $4,578,869
- Uniswap V1: $23,068;
- Uniswap V2: $818,246;
- Bancor: $1,601,675;
- Balancer: $550,697;
- Sushiswap: $1,585,183.
You can buy $20k worth of $JRT with 1.36% slippage and $50k with 2.56% 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 $10,000).
- Uniswap weekly ROI 0.85% / yearly ROI 44.48%;
- Bancor weekly ROI 0.18% / yearly ROI 9.73%;
- SushiSwap weekly ROI 0.54% / yearly ROI 26.07%.*
*SushiSwap LPs receive Sushi tokens as rewards
Sponsoring Program
- Deposited capital: $505,029 (2.21%)
- Interest generated: $870 (10.68%)
- Allows financing: $49,714
Aave participants share 20,000 $JRT, which translated to a weekly ROI of 0.79% and a yearly ROI of 41.18%.
#NFT
Tio finished our first big NFT which will be a part of our Jarvis Mythology. Each NFT has a story behind it, can you guess what our next instalment will represent by the teased elements?
This is all for now, stay safe, and see you next week!
Vsevolod.
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