Newsletter, 15th of March
🔥 What happened last week…
- Synthereum TVL reached $339k and almost $170k of synthetics have been minted
- Synthereum successfully passed the first security audit
- Celebrating a new market cap ATH at $26.5M
- New Jarvis Exchange release
- First OTC deal jCHF <> JRT
- Interview with Brad Laurie
- AMA #1 March 2021
- APY of 29%, 9% and 51% on Uniswap, Bancor and Sushiswap
👨💻 Protocols
Synthereum (Synthetic Protocol)
- $170k of jSynths minted
- $339k of TVL
- $74k of available liquidity to mint around $150k of jSynths
Halborn finished the audit! No critical errors were found. As a result, we added more liquidity in the pools and will keep adding more in the upcoming weeks.
Keep in mind, an audit does not mean that the protocol is safe; it means that in the time allocated to the team, no critical vulnerabilities were found according to them.
After we address minor issues found by the research team, we will publish the audit report and move forward to the next round of audits.
In the meantime, the Role Management contract was deployed and passed to our Gnosis Safe, and we’ve passed the Admin and Maintainer roles to it.
$JRT
JRT touched a new Market Cap ATH this Saturday, reaching $26.5M.
The price of the token reached $0.22, before a small correction finishing the week at $0.18.
The number of token holders increased by a hundred over the week and now stands at 3,2k.
📱 dApps
Jarvis Exchange
We released a new version Friday.
- A confirmation window was added, now a user can review their exchange before submitting it to the blockchain.
- A basic notification system was introduced to alert the user when the transaction has started and when it is confirmed or failed.
- The user balance is now displayed above the first input field and showcases the balance of the selected asset in the first field.
- We also addressed the issue with Landscape to Portrait mode on Mobile, as well as various small issues.
- The $500 limitation was raised to $5000.
🐱🏍 MISC
Liquidity program
Total liquidity: $4,924,469
- Uniswap V1: $20,558;
- Uniswap V2: $1,217,598;
- Bancor: $1,589,325;
- Balancer: $507,868;
- Sushiswap: $1,589,120.
You can buy $20k worth of $JRT with 1.06% slippage and $50k with 1.85% slippage.
35,000 $JRT were airdropped for Uniswap LPs, and 15,000 $JRT for the Bancore ones (50,000 $JRT altogether, which was roughly $10,000).
- Uniswap weekly ROI 0.57% / yearly ROI 29.89%;
- Bancor weekly ROI 0.18% / yearly ROI 9.81%;
- SushiSwap weekly ROI 0.61% / yearly ROI 51.09%.*
*SushiSwap LPs receive Sushi tokens as rewards
Sponsoring Program
- Deposited capital: $356,534 (6.88%)
- Interest generated: $735 (71.43%)
- Allows financing: $42,000
Aave participants shared 20,000 $JRT this week, which translated to a weekly ROI of 1.12% and a yearly ROI of 58.33%.
Interviews
On Monday Pascal participated in a small conference with Chainlink in French, if you speak the language you can check it out:
Also, Brad Laurie published his interview with Pascal, where they talked about Synthereum, our vision, and future plans (don't forget to give a like to the author):
Recruitment
We found a new UIX designer to allow Tio to focus more on the NFTs :)
OTC
The first OTC deal using jSynth was done this week. Mark Zeller bought JRT using jCHF.
AMAs
Starting from March, we will do an AMA once a month to talk about what we managed to achieve and to address the questions of the community. The first AMA was done this week, where we discussed how Synthereum operates, Synthereum Manifesto and use cases. We recommend you watch the recording:
This is all for now, stay safe, and see you next week!
Vsevolod.
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