◾️ Tests for the Bank contract are completed ◾️ Jarvis governance forum is live ◾️ Proposal #4 for jFiat incentives passed ◾️ Ongoing discussion on how to use the protocol treasury ◾️ Farming dApp is almost complete ◾️ First jFiat yield equals to 120% APY ◾️ APY of 35%, 8%, and 23% on Uniswap, Bancor, and Sushiswap https://medium.com/jarvis-network/newsletter-24th-of-april-c3e7e1b9664a |
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🎥 On Thursday we will do our next live AMA #2 at 4pm GMT. 💎 We will discuss atomic swap, self-minting, farming, and go-to-market strategy! 🥖 The stream will be repeated on Friday for the French speakers. 👉 Set a reminder here: https://www.youtube.com/watch?v=AOBQFdkVVrw |
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🗳️Following the last vote, rewards for jFiat holders will be distributed next week.
🏛️As per the Senate vote, we sold 30% of the UMA rewards for USDC, which will be later used for minting jFiat, amounting to 1091 UMA.
💱The transaction has been done through Paraswap
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◾️ Synthereum TVL reached $808k and $518k of synthetics have been minted. ◾️ Borrowing pool Solidity code is complete ◾️ Our second audit started with Ubik ◾️ DeFi Llama listed Jarvis ◾️ New token economics published ◾️ New release of Jarvis Exchange ◾️ APY of 24%, 8% and 49% on Uniswap, Bancor and Sushiswap https://medium.com/jarvis-network/newsletter-29th-of-march-d76568d9b9f2 |
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Over $500k of #jFiat were minted! 🥳
Thanks to the 🏛Senate and their decision to incentivise minting of synthetic assets, we quickly reached the first hard cap 📈
See you all at $1M 👀
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📝 Sponsoring pool statistics:
💰 Deposited capital -> $500,526 (-0.39%)
💸 Interest generated -> $1,627 (31.14%)
🚀 Allows financing -> $92,971
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◾️ Synthereum TVL reached 704k and $450k of synthetics have been minted. ◾️ The borrowing pool for Synthereum is under development. ◾️ A busy week at the Senate with two proposals to start liquidity incentives earlier. ◾️ On-chain dashboard using The Graph finished. ◾️ Jarvis team welcomes a new team member, Rene, UIX designer. ◾️ APY of 27%, 8% and 50% on Uniswap, Bancor and Sushiswap https://medium.com/jarvis-network/newsletter-22nd-of-march-9e0ea4ee6d44 |
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🏛 The first proposals of soon-to-be Jarvis DAO, were successfully voted by the Senate. 📯 Result: 30% of UMA tokens received by the protocol will be sold for USDC to mint jFiat, which should result in an approximate APY of 60%. Anyone who holds jFiat either in a wallet or in SushiSwap pool will receive a reward. ℹ️ Details: The reward will be distributed by the end of the four-week period, starting from 19.03.21 (23:00 GMT). It will be paid in a combination of jFiat and JRT. 📊 Statistics: P 1-1: 108 holders voted with 21.53M JRT P 1-2: 100 holders voted with 18.65 JRT P 1-3: 95 holder voted with 15.15 JRT P 2: 93 holders voted with 18.73M JRT More info: https://snapshot.org/#/synthereum.eth📍 P.S. The available liquidity on Synthereum allows to mint up to 500k USD worth of synthetic assets. A new Senate meeting will be held to decide how many JRT should be allocated for this new program. 🛑 Warning: The UI has a limit of 5k USD, if you wish to mint more, contact us to access the UI without a limit. ❗️ Keep in mind that the protocol was audited only once and it does not guarantee 100% safety, only use the money you are ready to lose. |
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