Read on Twitter
1/ $JRT Thread:
Started in 2017, @Jarvis_Network is a set of Ethereum-based protocols & tools that allow users to gain exposure to any financial instrument through margin trading and synthetic assets.
Sights are set on “block-chainifying” traditional financial markets
Started in 2017, @Jarvis_Network is a set of Ethereum-based protocols & tools that allow users to gain exposure to any financial instrument through margin trading and synthetic assets.
Sights are set on “block-chainifying” traditional financial markets
2/ $JRT
The end goal of Jarvis is to remove intermediaries from financial markets
making them:
more open
more transparent
interoperable
and programmable
The end goal of Jarvis is to remove intermediaries from financial markets
making them:more openmore transparent interoperable and programmable
3/ $JRT
"The Synthereum Manifesto": A research paper on Jarvis' Synthetic protocol discusses their high-level overview of the technical aspects of Synthereum. It also highlights the business use-case of Synthereum.
See link: https://drive.google.com/file/d/1WGK2yHG9C_IPXeZkH94jnSliYyQY0xVi/view
"The Synthereum Manifesto": A research paper on Jarvis' Synthetic protocol discusses their high-level overview of the technical aspects of Synthereum. It also highlights the business use-case of Synthereum.
See link: https://drive.google.com/file/d/1WGK2yHG9C_IPXeZkH94jnSliYyQY0xVi/view
4/ $JRT Synthetic Assets track the price of another asset on the blockchain
Synthereum, Jarvis' synthetic protocol, has been designed on V1 of @UMAprotocol $UMA and uses @chainlink $LINK price feeds
In Feb 2020 $UMA requested to port Synthereum on their V2 protocol
Synthereum, Jarvis' synthetic protocol, has been designed on V1 of @UMAprotocol $UMA and uses @chainlink $LINK price feeds
In Feb 2020 $UMA requested to port Synthereum on their V2 protocol
5/ $JRT According to CEO @pscltllrd
"The focus [of JRT] is on Forex, which is for me the next big thing (60bn USD of stablecoins, 99% is USD... this has to change). We issue Fx synths + have an autonomous broker with chainlink price feed + they can be exchanged on Sushiswap"
![5/ $JRT According to CEO @pscltllrd "The focus [of JRT] is on Forex, which is for me the next big thing (60bn USD of stablecoins, 99% is USD... this has to change). We issue Fx synths + have an autonomous broker with chainlink price feed + they can be exchanged on Sushiswap"](https://pbs.twimg.com/media/Ex_32DWXAAQZbU7.jpg "5/ $JRT According to CEO @pscltllrd \"The focus [of JRT] is on Forex, which is for me the next big thing (60bn USD of stablecoins, 99% is USD... this has to change). We issue Fx synths + have an autonomous broker with chainlink price feed + they can be exchanged on Sushiswap\"")
"The focus [of JRT] is on Forex, which is for me the next big thing (60bn USD of stablecoins, 99% is USD... this has to change). We issue Fx synths + have an autonomous broker with chainlink price feed + they can be exchanged on Sushiswap"
6/ $JRT
Synthereum is in one of the hottest niches of DeFi, "Synthetics". Below is a table to compare and contrast other synthetic protocols currently existing in DeFi.
Synthereum is in one of the hottest niches of DeFi, "Synthetics". Below is a table to compare and contrast other synthetic protocols currently existing in DeFi.
7/ $JRT as mentioned, primarily focuses on Forex in terms of their synthetic assets
Forex will enable use cases such as creating more value in the DeFi sector and onboard new users
Consider the size of FX market...."~6.6trillion traded per day in 2019" -www.tokenist.com
Forex will enable use cases such as creating more value in the DeFi sector and onboard new users
Consider the size of FX market...."~6.6trillion traded per day in 2019" -www.tokenist.com
8/ $JRT Once Synthereum has a significant amount of fiat currencies 
with a robust infrastructure and deep liquidity they will add more assets such as commodities, metal, stocks, indexes, ETFs etc.
In terms of expansion...this can be exponential
with a robust infrastructure and deep liquidity they will add more assets such as commodities, metal, stocks, indexes, ETFs etc. In terms of expansion...this can be exponential
9/ $JRT On-Chain Liquidity Routing (OCLR) allows swapping any ERC20 seamlessly & atomically for synthetic assets using USDC to bridge
The router leverages from an AMM (Uniswap, Balancer, Curve) liquidity or an on-chain Liq aggregator to atomically swap any ERC20 for any jSynths
The router leverages from an AMM (Uniswap, Balancer, Curve) liquidity or an on-chain Liq aggregator to atomically swap any ERC20 for any jSynths
10/ $JRT USDC is at the base asset of the Jarvis Network. USDC an ultra-liquid asset with a total of 5.5
billion outstanding tokens. It is a fully audited tokenized dollar, with a strong-peg and the issuer works hard pushing the boundaries (Visa integration, banking
license, etc)
billion outstanding tokens. It is a fully audited tokenized dollar, with a strong-peg and the issuer works hard pushing the boundaries (Visa integration, banking
license, etc)
11/ $JRT jSynths happen at the oracle price without slippage. OCLR leverages from the USDC deep liquidity to perform atomic swap: if a user wants to sell wBTC for jEUR, the wBTC would be sold for USDC on an AMM, & USDC will be used to mint jEUR at the oracle price within 1 txn.
12/ $JRT This means that the liquidity of any ERC20 <> jSynths = the liquidity of any ERC20 <> USDC. This makes Jarvis assets more liquid and capital-efficient than others. Any synthetic fiat currency live on Synthereum will have the same liquidity and
integration as USDC.
integration as USDC.
13/ $JRT This feature will enable to scale DeFi and to provide trading of pairs and liquidity depth that were not possible before
14/ $JRT This is especially important in some countries like Nigeria and Cameroun, where they need to buy BTC at a premium due to lack of liquidity or the possibility for market makers and arbitrageurs to exchange their local currencies into USD.
15/ $JRT for this reason, it is primordial to create a fiat on and off-ramp for synthetic assets.
A route could be:
1. Fiat
jFiat using a fiat on-ramp partner
2. jFiat USDC by burning the jFiat on Synthereum
3. USDC any ERC20 tokens by using an AMM or aggregator
A route could be:
1. Fiat
jFiat using a fiat on-ramp partner2. jFiat
USDC by burning the jFiat on Synthereum3. USDC
any ERC20 tokens by using an AMM or aggregator
16/ $JRT this means that Fiat <> ERC20 tokens would have the same liquidity and slippage as USDC <> ERC20 token;
This can ultimately position Synthereum as the best on and off-ramping tool for individuals and professionals.
This can ultimately position Synthereum as the best on and off-ramping tool for individuals and professionals.
17/ $JRT DeFi is becoming a blackhole for liquidity, the OCLR possibilities (AMM x Synthereum + Curve x Synthereum + Paraswap x Synthereum + Fiat x jFiat bridges) can enable the creation of the MOST POWERFUL tool to buy/sell crypto assets & onboard millions of new users into DeFi
18/ $JRT The self minting upcoming update will allow synthetic as collateral to mint synthetic 
....a synthetic in a synthetic....in a synthetic
Synthereum is summarized in their manifesto as a virtuous circle:
....a synthetic in a synthetic....in a synthetic Synthereum is summarized in their manifesto as a virtuous circle:
19/ $JRT One audit has been completed by Halborn and a second is coming with Ubik.
Check out their completed audit here: https://gitlab.com/jarvis-network/apps/exchange/mono-repo/-/blob/dev/docs/security-audits/halborn/02-response-to-jarvis-v3-smart-contracts-report-v1.md
Check out their completed audit here: https://gitlab.com/jarvis-network/apps/exchange/mono-repo/-/blob/dev/docs/security-audits/halborn/02-response-to-jarvis-v3-smart-contracts-report-v1.md
20/ $JRT @pscltllrd is the CEO and founder of Jarvis who has a large following of eager FX traders and is also very admired in the French DeFi space
https://www.youtube.com/channel/UCvWCz_oY_Hu6RiDNEMR_0rw https://www.linkedin.com/in/pascal-tallarida/en-us/?originalSubdomain=bg
https://www.youtube.com/channel/UCvWCz_oY_Hu6RiDNEMR_0rw https://www.linkedin.com/in/pascal-tallarida/en-us/?originalSubdomain=bg
21/ $JRT To anyone looking to learn more about @Jarvis_Network and the team, I highly suggest checking out the resources below:
https://www.coingecko.com/en/coins/jarvis-reward-token
https://jarvis.network/
https://t.me/jarvistrading
https://medium.com/jarvis-network https://drive.google.com/file/d/1WGK2yHG9C_IPXeZkH94jnSliYyQY0xVi/view
https://www.coingecko.com/en/coins/jarvis-reward-token
https://jarvis.network/
https://t.me/jarvistrading
https://medium.com/jarvis-network https://drive.google.com/file/d/1WGK2yHG9C_IPXeZkH94jnSliYyQY0xVi/view
