Jarvis bi-weekly issue [13]

⏩ TLDR

• jEUR lending market on Morpho on Base

• New jEUR-EURC pool on Aerodrome on Base

• New JARVIS pool on Base and BNB Chain

• ~20 to ~30% APY real yield on USDC and WXDAI

• Discussion on improving the Jarivs’ flywheels

• Liquidity Pools interest split upgrade

🗞️ Quick news

jEUR lending market on Morpho

Following the shutting down of jEUR Credit Lines, we have deployed two markets on Morpho on Base, the WSTETH-jEUR and USDC-jEUR markets, allowing to borrow jEUR there. Then, from Base, users can bridge jEUR on any other chains.

More collateral will be added, especially productive assets such as yield-bearing stablecoins (USD, EUR) and RWA, but also other jFIATs, WBTC, WETH, and even stJARVIS, when this will be possible (the liquidity of JARVIS should be higher, and currently sits at $1.5M on Base, and an reliable oracle should be deployed).

Together with Gnosis Chain, Base is becoming our main chain, from where most of the features

These lending markets will also help with re-collateralizing jEUR and jCHF on Polygon, by allowing users to purchase depegged jCHF and jEUR on Polygon, and deposit them in the the money market on Base, to be borrowed (and therefore collateralized).

New jEUR-EURC pool on Aerodrome

A new jEUR-EURC pool is now live on Aerodrome.

New JARVIS pools pool

A new JARVIS-WSTETH pool on Aerodrome (BASE) and JARVIS-ETH pool on Thena (BSC) have been deployed with their respective gauge.

🧪 Protocol

• We keep updating the LP Vaults and the Liquidity Pools. We have now completed the updates on Avalanche, Base, Arbitrum, Gnosis and Optimism.

  As a result of these updates, the yield on the Vaults have increased a lot! 28% APY on WXDAI on Gnosis, or 19% APY on USDC on Base. Remember that when you deposit WXDAI or USDC in these vaults, you are long USD and short EUR, and may lose money if EURUSD goes up.

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📱 Application

• While we had completed the calculation of Trading Fees APR, the update of the pools and of the vaults requires from us to update our code there. As a result, only the Interests APY is currently being displayed.

• We have started working on the Morpho market integration within our app, in order to borrow jEUR on Base.

• We will start working on the “Earn” page of the app, where users will be able to see all the yield opportunities for jFIATs, USDC and XDAI within the protocol, and outside of the protocols.

🗳️ Governance

Discussion

• Preliminary talk: we have started discussing two new systems to allow for a better yield for JARVIS and jFIATs, and to get rid of the non-bribers LP, as well as a system to delegate JARVIS to the DAO to generate yield.

Proposal

No new proposal.