Newsletter, 25th of January
🔥 What happened last week…
- Synthereum Relayer is still being tested
- Chainlink integration is almost done
- New community identity — meet Jarvis Legion
👨💻 Protocols
Synthereum (Synthetic Protocol)
Chainlink integration is almost done and would be probably finished by the end of the week. We will need an additional couple of weeks to do the testing of the said integration.
We tested Synthereum which helped us to identify a few issues. We fixed some of them and will need to redo the tests again.
Initially, we planned to release last year using our Relayer solution for a couple of months before migrating to Chainlink. However, due to the delay the Relayer will be used for a week before being replaced.
$JRT
JRT price was moving in range manner throughout the week, before stabilizing around $0.1 by the weekend.
In the meantime, the number of addresses overpassed 2.9k.
📱 dApps
Jarvis exchange
We worked on the login flow to make it more user friendly. We also started to work on improving the UI to simplify it a bit.
🐱🏍 MISC
Liquidity program
Total liquidity: $2,423,066
- Uniswap V1: $15,043;
- Uniswap V2: $936,085;
- Bancor: $645,904;
- Balancer: $203,831;
- Sushiswap: $622,203.
You can buy $20k worth of $JRT with 3.71% slippage and $50k with 6.41% slippage.
35,000 $JRT were airdropped for Uniswap LPs, and 15,000 $JRT for the Bancore ones (50,000 $JRT altogether, which was roughly $5,450).
- Uniswap weekly ROI 0.4% / yearly ROI 21.3%;
- Bancor weekly ROI 0.25% / yearly ROI 13.16%;
Sponsoring Program
TVL in sponsoring pool overpassed half a million, we are back on track!
- Deposited capital: $557,036 (43.67%)
- Interest generated: $865.92 (-31.73%)
- Allows financing: $49,481
Aave participants shared 20,000 $JRT this week, which translated to a weekly ROI of 0.39% and a yearly ROI of 20.35%.
Community
Community identity is a crucial part of every successful DeFi project. Everyone knows Chainlink and their linkmarines, as well as Synthetix and spartans. Therefore, we had a discussion with our community on what direction we should choose in that regard. Since Aave already took Marvel Universe with their Aavengers, we looked at Ancient Rome for the inspiration. We present you — Jarvis Legion; an unstoppable power to join DeFi meme culture.
After the unanimous vote, the community embraced the Roman culture and produced quality content in a matter of hours!
This is all for now, stay safe, and see you next week!
Vsevolod.
The possibilities are limitless
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