[ICO ENDED] Jarvis Network - bridge legacy and digital finance

[Jarvis Edge]

💥BooM! New Synthereum article🧪

💁This time we present our ideas to help you understand what we are building and the value it can create.💰 As well as the advantage of using USDC as collateral, the role of arbitrageurs, and our yield farming desires🌱🚜

https://medium.com/jarvis-network/synthereum-vision-and-roadmap-e334bc055fbb

[1714189587]

1714189587

[Jarvis Edge]

◾️ Margineum contracts moved to Kovan
◾️ Fork of UMA's contract…
◾️ Our vision and roadmap for Synthereum has been published
◾️ Farming program from 18% to 50% APR
◾️ JRT pool on Bancor updated to v2.1

https://medium.com/jarvis-network/newsletter-19th-of-october-3189687ec81dv

[gembira]

As i understood correctly you mooved in Defi section instead of making original idea? Because at the beginning you planned to make exchange which connects traditional financial market with cryptocurrencies, but now i don't  see any info about exchange?

[Jarvis Edge]

As i understood correctly you mooved in Defi section instead of making original idea? Because at the beginning you planned to make exchange which connects traditional financial market with cryptocurrencies, but now i don't  see any info about exchange?

We were doing DeFi, before it was named DeFi, we were actually a part of initial group in TG back in the beginning of 2019.

Anyway, our initial position stands - we want to have a platform to trade any financial asset and to be able to interconnect those assets to make them interoperable (borrow/pay/exchange one for another). And that is exactly what we are doing. Today Synthereum (Synthetic Protocol) allows exchanging any synthetic assets for another one (currently Kovan beta supports: EUR, GBP, CHF, Gold, Silver, S&P500), and the plan for the future is to use these assets to borrow money.

Exchange is still here and you can "play-around" to see how it works (you can mint/redeem/exchange): https://kovan.jarvis.exchange/exchange

Also at the same time, we are developing scalable trading, with our Margin trading protocol (Margineum) which already allows you to trade Forex and Indexes (stocks will be added soon) from a single USDC deposit (the protocol is already on mainnet, however, it is still in closed beta). After the main launch, we will add more assets to the list.

So technically, yes, we moved to DeFi but our initial position stands - bridge legacy and digital finance to the people together with superb UI and UX.

You can find more detailed information in our blog: https://medium.com/jarvis-network

[gembira]

As i understood correctly you mooved in Defi section instead of making original idea? Because at the beginning you planned to make exchange which connects traditional financial market with cryptocurrencies, but now i don't  see any info about exchange?

We were doing DeFi, before it was named DeFi, we were actually a part of initial group in TG back in the beginning of 2019.

Anyway, our initial position stands - we want to have a platform to trade any financial asset and to be able to interconnect those assets to make them interoperable (borrow/pay/exchange one for another). And that is exactly what we are doing. Today Synthereum (Synthetic Protocol) allows exchanging any synthetic assets for another one (currently Kovan beta supports: EUR, GBP, CHF, Gold, Silver, S&P500), and the plan for the future is to use these assets to borrow money.

Exchange is still here and you can "play-around" to see how it works (you can mint/redeem/exchange): https://kovan.jarvis.exchange/exchange

Also at the same time, we are developing scalable trading, with our Margin trading protocol (Margineum) which already allows you to trade Forex and Indexes (stocks will be added soon) from a single USDC deposit (the protocol is already on mainnet, however, it is still in closed beta). After the main launch, we will add more assets to the list.

So technically, yes, we moved to DeFi but our initial position stands - bridge legacy and digital finance to the people together with superb UI and UX.

You can find more detailed information in our blog: https://medium.com/jarvis-network

The link to exchange that you gave does not work right now. Is this is test mode now only? And when fully working exchange will go live? Why don't you have info about exchange in your ropadmap?

[Jarvis Edge]

As i understood correctly you mooved in Defi section instead of making original idea? Because at the beginning you planned to make exchange which connects traditional financial market with cryptocurrencies, but now i don't  see any info about exchange?

We were doing DeFi, before it was named DeFi, we were actually a part of initial group in TG back in the beginning of 2019.

Anyway, our initial position stands - we want to have a platform to trade any financial asset and to be able to interconnect those assets to make them interoperable (borrow/pay/exchange one for another). And that is exactly what we are doing. Today Synthereum (Synthetic Protocol) allows exchanging any synthetic assets for another one (currently Kovan beta supports: EUR, GBP, CHF, Gold, Silver, S&P500), and the plan for the future is to use these assets to borrow money.

Exchange is still here and you can "play-around" to see how it works (you can mint/redeem/exchange): https://kovan.jarvis.exchange/exchange

Also at the same time, we are developing scalable trading, with our Margin trading protocol (Margineum) which already allows you to trade Forex and Indexes (stocks will be added soon) from a single USDC deposit (the protocol is already on mainnet, however, it is still in closed beta). After the main launch, we will add more assets to the list.

So technically, yes, we moved to DeFi but our initial position stands - bridge legacy and digital finance to the people together with superb UI and UX.

You can find more detailed information in our blog: https://medium.com/jarvis-network

The link to exchange that you gave does not work right now. Is this is test mode now only? And when fully working exchange will go live? Why don't you have info about exchange in your ropadmap?

To test the exchange you need a browser wallet like metamask and you need to switch to the Kovan testnet (its only on a testnet for now). The plan is to release in Q4 the vague roadmap is on our website jarvis.network (however we need to update it). You can get more info on the exchange in our latest article here: https://medium.com/jarvis-network/synthereum-vision-and-roadmap-e334bc055fbb

[gembira]

As i understood correctly you mooved in Defi section instead of making original idea? Because at the beginning you planned to make exchange which connects traditional financial market with cryptocurrencies, but now i don't  see any info about exchange?

We were doing DeFi, before it was named DeFi, we were actually a part of initial group in TG back in the beginning of 2019.

Anyway, our initial position stands - we want to have a platform to trade any financial asset and to be able to interconnect those assets to make them interoperable (borrow/pay/exchange one for another). And that is exactly what we are doing. Today Synthereum (Synthetic Protocol) allows exchanging any synthetic assets for another one (currently Kovan beta supports: EUR, GBP, CHF, Gold, Silver, S&P500), and the plan for the future is to use these assets to borrow money.

Exchange is still here and you can "play-around" to see how it works (you can mint/redeem/exchange): https://kovan.jarvis.exchange/exchange

Also at the same time, we are developing scalable trading, with our Margin trading protocol (Margineum) which already allows you to trade Forex and Indexes (stocks will be added soon) from a single USDC deposit (the protocol is already on mainnet, however, it is still in closed beta). After the main launch, we will add more assets to the list.

So technically, yes, we moved to DeFi but our initial position stands - bridge legacy and digital finance to the people together with superb UI and UX.

You can find more detailed information in our blog: https://medium.com/jarvis-network

The link to exchange that you gave does not work right now. Is this is test mode now only? And when fully working exchange will go live? Why don't you have info about exchange in your ropadmap?

To test the exchange you need a browser wallet like metamask and you need to switch to the Kovan testnet (its only on a testnet for now). The plan is to release in Q4 the vague roadmap is on our website jarvis.network (however we need to update it). You can get more info on the exchange in our latest article here: https://medium.com/jarvis-network/synthereum-vision-and-roadmap-e334bc055fbb

Will this exchange be something like Uniswap or on which exchange it will looks like? Yes, i have metamask, but it does not works with metamask too.

[Jarvis Edge]

As i understood correctly you mooved in Defi section instead of making original idea? Because at the beginning you planned to make exchange which connects traditional financial market with cryptocurrencies, but now i don't  see any info about exchange?

We were doing DeFi, before it was named DeFi, we were actually a part of initial group in TG back in the beginning of 2019.

Anyway, our initial position stands - we want to have a platform to trade any financial asset and to be able to interconnect those assets to make them interoperable (borrow/pay/exchange one for another). And that is exactly what we are doing. Today Synthereum (Synthetic Protocol) allows exchanging any synthetic assets for another one (currently Kovan beta supports: EUR, GBP, CHF, Gold, Silver, S&P500), and the plan for the future is to use these assets to borrow money.

Exchange is still here and you can "play-around" to see how it works (you can mint/redeem/exchange): https://kovan.jarvis.exchange/exchange

Also at the same time, we are developing scalable trading, with our Margin trading protocol (Margineum) which already allows you to trade Forex and Indexes (stocks will be added soon) from a single USDC deposit (the protocol is already on mainnet, however, it is still in closed beta). After the main launch, we will add more assets to the list.

So technically, yes, we moved to DeFi but our initial position stands - bridge legacy and digital finance to the people together with superb UI and UX.

You can find more detailed information in our blog: https://medium.com/jarvis-network

The link to exchange that you gave does not work right now. Is this is test mode now only? And when fully working exchange will go live? Why don't you have info about exchange in your ropadmap?

To test the exchange you need a browser wallet like metamask and you need to switch to the Kovan testnet (its only on a testnet for now). The plan is to release in Q4 the vague roadmap is on our website jarvis.network (however we need to update it). You can get more info on the exchange in our latest article here: https://medium.com/jarvis-network/synthereum-vision-and-roadmap-e334bc055fbb

Will this exchange be something like Uniswap or on which exchange it will looks like? Yes, i have metamask, but it does not works with metamask too.

With Jarvis Exchange you will be able to mint/redeem/exchange synthetic assets as well as other ERC20, as it will be powered by paraswap. So to some extent, it will be like uniswap.

As for Demo, you need to change network from "main ethereum network" to "Kovan test network" at the top of your metamask window next to account button.

[Jarvis Edge]

◾️ 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

https://medium.com/jarvis-network/newsletter-26th-of-october-fa2cb2acc63

[Jarvis Edge]

◾️ Margineum total volume overpassed 40M USD
◾️ Arbitrage experiment on Kovan with our synthetic assets and Uniswap
◾️ Farming program from 16% to 55% APR

https://medium.com/jarvis-network/newsletter-2nd-of-november-12f7a7c61637

[Jarvis Edge]

Try arbitraging with Jarvis Exchange

We decided to do some testing on Kovan to showcase arbitrage between Synthereum and Uniswap thanks to Sythereum’s unique feature: synthetic assets are redeemable by their exact value in USDC.
To do so, we listed our synthetic EUR, CHF, GBP, XAU (Gold), XAG (Silver), XTI (Oil) and SPX (S&P500) against USDC on Unswap Kovan, and sked our community to provide liquidity and to try to push the prices on Uniswap as close as possible to the real prices of said assets through arbitrage. So far, the community succeeded to maintain a strong peg on all the assets.

This experiment also highlights how much profit an arbitrageur can make, as well as how much fees could be collected by the liquidity providers on Uniswap and Synthereum, and of course by the DAO.

To participate:
1. Switch your Metamask to Kovan Test Network
2. You can get some ETH and USDC directly from kovan.jarvis.exchange or if you want more USDC use Aave faucet testnet.aave.com
3. Follow the Uniswap price of Gold, Oil, SP500 or EUR
4. If Uniswap price > Jarvis price = mint on Jarvis Exchange and sell it on Uniswap, and vice versa

Here is a handy sheet that will help you to calculate how much you need to buy/sell: http://bit.ly/drive_Jarvis_arb

[Jarvis Edge]

◾️ $2.7M traded on Margineum
◾️ Arbitrage experiment on Kovan showed interesting projections
◾️ The base layout for Jarvis Market is finished
◾️ Sponsoring pool TVL once again overpassed 1M USD
◾️ Farming program from 11% to 42% APR

https://medium.com/jarvis-network/newsletter-9th-of-november-b0049ef49740

[Jarvis Edge]

🙌 October brought a lot of updates for 🧪Synthereum:

1️⃣ Interesting tests on Kovan to highlight a very good use case;
2️⃣ Two major articles published;
3️⃣ Forking of UMA contracts.

🔥 Finally, the total volume traded on Margineum overpassed $40M this year.

https://medium.com/jarvis-network/monthly-recap-october-2020-612750bc0391

[Jarvis Edge]

◾️$1.7M traded on Margineum
◾️ Work on UMA contracts is finished
◾️ The transition of the Relayer is successfully done
◾️ Farming program from 12% to 51% APR

https://medium.com/jarvis-network/newsletter-16th-of-november-92db410c8cff

[Jarvis Edge]

◾️ $200k traded on Margineum
◾️ Pull request published on UMA's GitHub to review the contracts fork
◾️ The community gave feedback on the current UI
◾️ Farming program from 11% to 38% APR

https://medium.com/jarvis-network/newsletter-23rd-of-november-424aba5d14df

[Jarvis Edge]

◾️ Tests of forked UMA contracts are completed
◾️ Frontend price feed integration is complete
◾️ New sign-in options being added for Jarvis Exchange

https://medium.com/jarvis-network/newsletter-30th-of-november-fefb55fd08e6

[coin_1122]

◾️ Tests of forked UMA contracts are completed
◾️ Frontend price feed integration is complete
◾️ New sign-in options being added for Jarvis Exchange

https://medium.com/jarvis-network/newsletter-30th-of-november-fefb55fd08e6

Great improvement from you will help the community to keep faith in the Jarvis platform, due you have any specific date about the Jarvis exchange when you are going to launch. Every week I am seeing some specific improvements from your side and this makes the community kept a lot of interest towards your project.

[gembira]

With Jarvis Exchange you will be able to mint/redeem/exchange synthetic assets as well as other ERC20, as it will be powered by paraswap. So to some extent, it will be like uniswap.

As for Demo, you need to change network from "main ethereum network" to "Kovan test network" at the top of your metamask window next to account button.

Do you mean mint/redeem/exchange synthetic assets as like as Gold, Silver, shares etc?  When the fully-working exchange will go live? Do you have any plans how to attract institutional investors to your exchange?

[Jarvis Edge]

◾️ The price feed integration is completed
◾️ Meta signature integration has started and is almost completed
◾️ New additions to the Jarvis Exchange frontend

https://medium.com/jarvis-network/newsletter-7th-of-december-69a04c7232b4

[Jarvis Edge]

With Jarvis Exchange you will be able to mint/redeem/exchange synthetic assets as well as other ERC20, as it will be powered by paraswap. So to some extent, it will be like uniswap.

As for Demo, you need to change network from "main ethereum network" to "Kovan test network" at the top of your metamask window next to account button.

Do you mean mint/redeem/exchange synthetic assets as like as Gold, Silver, shares etc?  When the fully-working exchange will go live? Do you have any plans how to attract institutional investors to your exchange?

Yes, synthetic assets that track the price of real assets like Gold, Silver, Oil, Forex currencies, and ultimately shares (but shares are a bit tricky and it might take some time). We plan to launch this December with several major currency pairs and will add more options along the line.

As for attracting institutional investors:

1. Institutional investors have shown interest in being liquidity providers and to do arbitrages, not necessarily to use the platform for speculation.

2. Yet, more and more institutional investors are coming into DeFi, so one day they may use us for speculative purpose.