Newsletter, 1st of February
🔥 What happened last week…
- Chainlink integration is complete
- Relayer code is complete
- The updated version of Jarvis Exchange available of Kovan
- New article on JRT distribution
- APY of 24%, 12% and 99% on Uniswap, Bancor and Sushiswap
👨💻 Protocols
Synthereum (Synthetic Protocol)
Chainlink integration is now complete. We are now writing the deployment script () prior to starting a 1–2 weeks testing period, which hopefully will not highlight any issues.
For the past two weeks, we have been testing the code of Synthereum (with the Relayer). Those tests highlighted several issues which have all been fixed. Mint (buy), burn (sell) and convert (exchange) function are perfectly working and were performed with the Relayer running on a local server. The code has now to be cleaned up before it can be merged with the rest of the codebase.
As a reminder, Chainlink will replace the Relayer. So as of today, 4 versions of Synthereum exist: Synthereum v0 with Chainlink and UMA v1, Synthereum v1 with the Relayer and the dual-transaction system, Synthereum v1 with the Relayer and the meta-transaction system, and Synthereum v1 with Chainlink.
We also started on creating our own subgraph. The Graph facilitates querying data from the blockchain, to help reading it. For example, our subgraph will help developers to build an on-chain data analysis dashboard or will help the LP to know in real-time what is their exposure.
$JRT
JRT price was stable at $0.1 throughout most of the week but then fell below $0.08.
The number of unique addresses holding JRT increased by a dozen over the course of the week.
We also published a new article in regards to JRT distribution:
📱 dApps
Jarvis exchange
https://jarvis.exchange (coming soon)
Many UI elements were updated in Jarvis Exchange. For example, we finished a new login flow and added more wallets support. In the meantime, we started to integrate Chainlink price feed in the UI.
Since the work on the Relayer was completed, we deployed it on Kovan.
Keep in mind it is not the final UI and it will be upgraded over time.
🐱🏍 MISC
Liquidity program
Total liquidity: $2,256,707
- Uniswap V1: $12,151;
- Uniswap V2: $731,344;
- Bancor: $645,080;
- Balancer: $164,128;
- Sushiswap: $704,004.
You can buy $20k worth of $JRT with 1.71% slippage and $50k with 4.6% slippage.
35,000 $JRT were airdropped for Uniswap LPs, and 15,000 $JRT for the Bancore ones (50,000 $JRT altogether, which was roughly $5,000).
- Uniswap weekly ROI 0.47% / yearly ROI 24.88%;
- Bancor weekly ROI 0.23% / yearly ROI 12.09%;
- SushiSwap weekly ROI 1.12% / yearly ROI 99.38%.*
*SushiSwap LPs receive Sushi tokens as rewards
Sponsoring Program
Unfortunately, Aave V2 does not feature a redirect function, therefore we will have to rework our sponsoring contract later down the line.
- Deposited capital: $518,563 (-6.91%)
- Interest generated: $1,083 (25.14%)
- Allows financing: $61,920
Aave participants shared 20,000 $JRT this week, which translated to a weekly ROI of 0.38% and a yearly ROI of 20.05%.
Business
It might be a coincidence but several funds with who we have been in touch after our summer sale reached out to us last week (they wanted to participate in a sale, but were too late). We mainly talked about liquidity provision and market making for our synthetic assets.
Recruitment
We have been in touch with a couple of headhunters, to help us in the recruitment effort. The candidates we have at this point did not satisfy us.
This is all for now, stay safe, and see you next week!
Vsevolod.
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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.
