Newsletter, 12th of October
🔥 What happened last week…
- Margineum switched to USDC
- Relayer is converted to Typescript
- New article introducing Synthereum v1
- New UI changes for Javis Market and Exchange
- From 15% to 49% APY for our farming program
- The recruitment process is at the finish line
👨💻 Protocols
Margineum (Margin Protocol)
As we have finished deploying all the service backend last week, this week we finished testing everything related to deposit, withdrawal and trade opening/closing to make sure everything was working.
We also worked on implementing the new smart contract and to move from DAI to USDC, which will be the official currency of Jarvis Protocols.
Synthereum (Synthetic Protocol)
We finished the conversion of the Relayer from Python to Typescript. So far we just basically translated it, in order to refactor it completely, the latter being a task we have started working on.
We also have published an article about Synthereum v1, where we highlighted all the differences between v0. We invite you to read it:
$JRT
JRT price is evolving in a range finishing the week at the highest point — $0.067.
The number of addresses stays still at 2.5k holders.
📱 dApps
Jarvis market
This week we fixed some bugs in the UI and started enhancing it by displaying more user-friendly icons.
Jarvis exchange
https://jarvis.exchange (coming soon)
This week for the first time we started to integrate the new interface for Jarvis exchange. We have added the initial layout of the new UI (background) together with theming, so everything is working together with light, dark and night modes. We also started working on the chart component and implementing TradingView’s open-source library, also with teaming, so the colour of the chart will adjust to your theme.
In the meantime, kovan.jarvis.exchange have been updated to reflect all the changes.
🐱🏍 MISC
Liquidity program
Liquidity increased a bit this week and reached $1,866,662.
- Uniswap: $425,070;
- Bancor: $345,890;
- Balancer: $1,095,702.
You can buy $20k worth of $JRT with 7.01% slippage and $50k with 13.25% slippage.
51,250 $JRT per protocol were airdropped to all the reward program participants (153,750 $JRT altogether, which was roughly $9,840).
- Uniswap weekly ROI 0.77% / yearly ROI 40.12%;
- Bancor weekly ROI 0.94% / yearly ROI 49.31%;
- Balancer weekly ROI* 0.29% / yearly ROI 15.56%.
*excluding $BAL rewards
Sponsoring Program
Aave TVL took a small hit but it is very close to 1M USD in stablecoins.
- Deposited capital: $939,603 (-6.47%)
- Interest generated: $774.60 (+25.66%)
- Allows financing $44,262
Aave participants shared 51,250 $JRT this week, which translated to a weekly ROI of 0.34% and yearly ROI of 18.15%.
Recruitment
We are at the finish line of the hiring process for the last open blockchain position in-house. The decision will be taken soon, which will finalize our hiring process.
This is all for now, stay safe, wash hands and see you next month!
Vsevolod.
The possibilities are limitless
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⛔ Risk Warning: Investing in digital financial assets involves a high degree of risk and volatility and is not suitable for all investors; do not risk more money than you can afford to lose. Please consult an independent professional financial or legal advisor to make sure the product is right for you.
⛔ 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.
