Newsletter, 26th of October
🔥 What happened last week…
- Forking of UMA contracts has begun
- Jarvis Market UI updated to show USDC
- Sponsoring pool collected more than 1k USD in interest
- Farming program from 15% to 48% APR
This newsletter will be short as this week we mainly are developping tasks that take time.
👨💻 Protocols
Margineum (Margin Protocol)
We continued to improve the infrastructure and started working on connecting the backend to all the new elements (smart contract, meta-signatures, etc.).
Synthereum (Synthetic Protocol)
First of all, we implemented a few functionalities to the Token Issuance Contract (TIC) so the maintainer (us in this case, and DAO in the future) can assign and set the roles and collect the fees.
Last week we started forking the UMA contracts; this week we continued this task and finished to implement the changes to issue a perpetual contract and other necessary functionalities. We had a call on that matter with UMA team, to sync and explain what exactly we are planning to do.
$JRT
JRT price is still ranging around the 6 cents mark.
The number of addresses holding JRT is stable at 2.5K
📱 dApps
Jarvis market
After fixing a few bugs, we had to refactor some of the code to clean it up. We have also updated the current frontend to display USDC instead of DAI.
Jarvis exchange
We completed the main page of our Dex, which includes the background, header, ENS integration and theming. We are now starting to work on the exchange panel.
You can test it on Kovan here: https://5f9046c473199e657f2df04a--jarvis-exchange-ng.netlify.app/
🐱🏍 MISC
Liquidity program
The liquidity fell to $1,662,314 this week.
- Uniswap: $422,487;
- Bancor: $290,499;
- Balancer: $949,328.
You can buy $20k worth of $JRT with 5.82% slippage and $50k with 11.19% slippage.
45,000 $JRT per protocol were airdropped to all the reward program participants (135,000 $JRT altogether, which was roughly $8,100).
- Uniswap weekly ROI 0.63% / yearly ROI 33.23%;
- Bancor weekly ROI 0.92% / yearly ROI 48.33%;
- Balancer weekly ROI* 0.28% / yearly ROI 14.78%.
*excluding $BAL rewards
Sponsoring Program
The rise of the interest rate this week allowed the program to overpass 1k USD again.
- Deposited capital: $885,265 (-5.78%)
- Interest generated: $1,201 (123.89%)
- Allows financing: $68,628
Aave participants shared 45,000 $JRT this week, which translated to a weekly ROI of 0.30% and a yearly ROI of 15.85%.
This is all for now, stay safe, wash hands and see you next month!
Vsevolod.
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⛔ 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.
