Newsletter, 19th of April
- 1150 $UMA (+$30k) received by the treasury
- Usability tests conducted to further improve Jarvis Exchange UI
- Contracts for farming and claim dApps are almost done
- Promising candidates for the Solidity dev position
- APY of 42%, 10%, and 24% on Uniswap, Bancor, and Sushiswap
👨💻 Protocols
Synthereum (Synthetic Protocol)
- jSynths minted: $699k
- TVL: $1,063k
- $2,433 of available liquidity to mint around $4,866 of jSynths
Borrowing pool contracts are still undergoing tests, we have a couple of more to go through before we can give them to the audit team.
For the sake of understanding, we will rename borrowing and liquidity pools by respectively banking and brokerage contract.
We had a call with Ubik, who estimated that their first audit could be finished within a week.
$JRT
Together with the crypto market, JRT price dipped, finishing the week at the $0.16 mark.
The number of JRT holders dropped to 3,669.
📱 dApps
Jarvis Exchange
We started doing some usability tests with our users for our improved Jarvis Exchange UI, on which we’ll be working in the near future.
Farming dApp
The contract for the farming dApp is almost complete and will be tested soon.
🐱🏍 MISC
Liquidity program
Total liquidity: $4,293,191
- Uniswap V1: $21,832;
- Uniswap V2: $817,462;
- Bancor: $1,446,337;
- Balancer: $463,427;
- Sushiswap: $1,544,133.
You can buy $20k worth of $JRT with 0.53% slippage and $50k with 2.13% 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 $9,500).
People that accumulated less than 100 USD in JRT rewards received their tokens this week.
- Uniswap weekly ROI 0.81% / yearly ROI 42.30%;
- Bancor weekly ROI 0.19% / yearly ROI 10.24%;
- SushiSwap weekly ROI 0.50% / yearly ROI 24.36%.*
*SushiSwap LPs receive Sushi tokens as rewards
Sponsoring Program
- Deposited capital: $451,821 (-10.54%)
- Interest generated: $1,017 (17.13%)
- Allows financing: $58,153
Aave participants share 20,000 $JRT, which translated to a weekly ROI of 0.84% and a yearly ROI of 43.73%.
Early-investors
We have started the work on the early-investors claiming contract, that will allow them to receive their locked tokens.
Recruitment
We received a couple of good candidates for the Solidity dev position.
This is all for now, stay safe, and see you next week!
Vsevolod.
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