Newsletter, 13th of September
- FixedRate contracts tested and deployed on Polygon (BGN and Franc CFA…)
- Senate passed two new votes to budget the farming on Polygon among other expenses
- OCLR is integrated into Jarvis Exchange UI on Polygon
- APR of 31% for JRT-ETH on SushiSwap
👨💻 Protocols
Synthereum (Synthetic Protocol)
- jSynths minted: $826k (ETH) $99k (POLYGON)
- TVL: $1,407k (ETH), 307k (POLYGON)
- Liquidity available: $1,185k (ETH) and $728k (POLYGON)
FixedRate v1 contract has been tested and deployed on Polygon and correctly integrated within OCLR:
- Matic -> jBGN: https://polygonscan.com/tx/0x2a7f2fbd7c238743ebd6661e15f88258709b3fea616d48dd078b96b33ce258bf
- Matic -> jXAF (Franc CFA): https://polygonscan.com/tx/0x4d8e972317bb18a512469d0c294c52919b0847e4077a7a342a472a6d3ec36fc5
While the devs are working on the UI integration, we started to talk with a few people in the African DeFi and crypto ecosystem to discuss the potential of the synthetic Franc CFA (jXAF and jXOF).
In the meantime, the OCLR v2 reached a testing phase and we have started working on improving the FixedRate v1 to a v1.1.
Governance
Two votes have successfully passed last week:
- P13 — Yield farming on Polygon (vote & discussion);
Result: The program will be launched when everything will be ready (yield app on Polygon, liquidity on Polygon, Kyber’s DAO answer, etc.), and the treasury will deploy a new AUREUS token on Polygon, will deposit wrapped JRT and UMA, and will seed the AUR-USDC liquidity pool on Kyber.
- P14 — LM and Staking rewards budget and emission (vote & discussion).
Result: 50k USDC will be gathered and sent to Polygon to fund a 80/20 liquidity pool on Balancer v2; 321,001.52 JRT will be added to the stJRT contract; 6.7M JRT will be allocated for covering all the LM programs for the next 3 months.
$JRT
Together with the market, JRT price dropped a bit, finishing the week at $0.064 mark.
Jarvis Exchange
The OCLR was successfully integrated with the Jarvis Exchange UI, and currently supports wBTC, ETH, and MATIC.
You can now purchase jEUR with ETH, or exchange jCHF for MATIC.
🐱🏍 MISC
JRT liquidity
Total liquidity: $2,855,624
- Uniswap V1: $13,379;
- Uniswap V2: $227,064;
- Bancor: $592,201;
- Balancer: $977,341;
- Sushiswap: $1,045,639*.
*SushiSwap weekly ROI 0.66% / yearly ROI 31.88% (paid in Sushi).
You can buy $20k worth of $JRT with 2.98% slippage and $50k with 4.69% slippage.
Sponsoring Program
- Deposited capital: $283,182 (-8.82%)
- Interest generated: $488 (-47.30%)
- Allows financing: $27,885
Aave participants share 20,000 $JRT, which translated to a weekly ROI of 0.52% and a yearly ROI of 27.54%.
This is all for now, stay safe, and see you next week!
Vsevolod.
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