Newsletter, 6th of September
- New synthetic assets are in the works for Polygon
- New discussion for the Senate: JRT emission rate
- New update for Jarvis Exchange dApp
- New Solidity intern joins Jarvis team
- APR of 36% for JRT-ETH on SushiSwap
👨💻 Protocols
Synthereum (Synthetic Protocol)
- jSynths minted: $864k (ETH) $109k (POLYGON)
- TVL: $1,483k (ETH), 315k (POLYGON)
- Liquidity available: $1,149k (ETH) and $718k (POLYGON)
This week, we spend our time rebasing some of our code and also worked on deploying new synthetic assets on Polygon.
In the meantime, we started working on a new Synthereum version which is fully powered by Chainlink. This way, we can deploy on other chains without having to wait for UMA’s Bridge.
DeFi Lama is now tracking Synthereum TVL on both Ethereum and Polygon (however, it still does not track self-minting contracts as a part of TVL).
Governance
After discussions with KyberDAO, a new topic emerged for the senate: Reward JRT emission schedule. Join the discussion here.
So far the general agreement is to have a linear distribution of 60M JRT for the next 24 months.
$JRT
JRT price was stable throughout the week, with a minor drop on the weekend. JRT price finishes the week at $0.087 mark.
Jarvis Exchange
The web3-react was integrated into Jarvis Exchange which eliminates all the issues users were encountering when using Wallet Connect as a sign-in option.
In the meantime, further improvements and fixes were done for the self-minting UI. We also continue to work on the OCLR integration on Polygon.
🐱🏍 MISC
JRT liquidity
Total liquidity: $3,764,081
- Uniswap V1: $15,748;
- Uniswap V2: $330,615;
- Bancor: $725,876;
- Balancer: $1,282,949;
- Sushiswap: $1,408,893*.
*SushiSwap weekly ROI 0.77% / yearly ROI 36.98% (paid in Sushi).
You can buy $20k worth of $JRT with 3.24% slippage and $50k with 4% slippage.
Hiring
We welcome a new Solidity intern into the Jarvis family — Hamza. His first task is to create full documentation on Synthereum, so future devs, builders, and security researchers can easily navigate through the protocol’s systems.
This is all for now, stay safe, and see you next week!
Vsevolod.
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