Newsletter, 3rd of March
🔥 What happened last week…
- Synthereum TVL reached $90k
- Jarvis Dex officially live
- Research paper on Synthereum published
- APY of 29%, 18% and 49% on Uniswap, Bancor and Sushiswap
👨💻 Protocols
Synthereum (Synthetic Protocol)
Last week, we moved the control of the admin functions of Synthereum from an EOA wallet to a Gnosis multi-signature one, which will be replaced by the DAO in the future.
In the meantime, the TVL reached 90k USD (amount of USDC in the liquidity pools and used as collateral). 40k USD worth of jFiats have been minted, and there is still liquidity to mint an additional 60k USD worth of synthetic assets.
We published a research paper, to provide the investors, users, liquidity providers and community members, all the necessary information for understanding the protocol and how to use it.
As an introduction, the paper starts comparing tokenized and synthetic assets, as well as the different ways of minting the latter. It then gives a high overview of the trading and liquidation functions of the protocol, before presenting 3 business cases generating cash flows (in addition to the two obvious on-chain trading and payment remittance).
$JRT
The price ranged between $0.16 and $0.2.
The number of JRT holders greatly increased over the week reaching 3.2k.
📱 dApps
Jarvis Exchange
https://jarvis.exchange (coming soon)
Jarvis Exchange is live with its fancy new UI. We wrote a small introduction article to introduce the platform and what you can expect from it in the future.
Last week we worked on the state management (to remember the colour theme you were using, the last trading pair, etc.).
There still UX improvements to be made, which we will be working on, and the mobile version is a bit buggy, however, it is fully functional.
Jarvis Dashboard
Dashboard to follow the activity of Jarvis Network is still in development.
🐱🏍 MISC
Liquidity program
Total liquidity: $3,878,621
- Uniswap V1: $20,288;
- Uniswap V2: $1,255,100;
- Bancor: $847,499;
- Balancer: $294,758;
- Sushiswap: $1,460,976.
You can buy $20k worth of $JRT with 1.61% slippage and $50k with 2.74% 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 0.55% / yearly ROI 29%;
- Bancor weekly ROI 0.35% / yearly ROI 18.40%;
- SushiSwap weekly ROI 1.03% / yearly ROI 49.41%.*
*SushiSwap LPs receive Sushi tokens as rewards
Sponsoring Program
- Deposited capital: $203,673 (-27.18%)
- Interest generated: $485 (-37.29%)
- Allows financing: $27,714
Aave participants shared 20,000 $JRT this week, which translated to a weekly ROI of 1.96% and a yearly ROI of 102.12%.
Business
On Monday we did an official announcement together with Chainlink:
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.
