Jarvis Network - Synthereum
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  • stJARVIS
  • Voting power
  • Staking rewards

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  1. Protocol overview

JARVIS token

PreviousStability mechanismNextToken information

Last updated 5 months ago

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JRT holders must migrate their JRT tokens to JARVIS at .

The max supply of JARVIS is 42M, so the JRT -> JARVIS migration is not 1:1, but 13.4523809524:1.

JARVIS holders can use their JARVIS tokens or their JARVIS-ETH LP tokens to participate within the governance of the Jarvis Network.

stJARVIS

JARVIS-ETH LP tokens must be staked to mint stJARVIS at by depositing JARVIS and ETH at the same time in the desired AMM.

The number of stJARVIS minted depend on the number of JARVIS deposited and on the weight balance of the AMM:

  • 50/50 pool: 1 JARVIS deposited mints 1 stJARVIS.

  • 80/20 pool: 1 JARVIS deposited mints 0.5 stJARVIS.

  • 98/2 pool: 1 JARVIS deposited mints 0.25 stJARVIS.

Voting power

JARVIS and stJARVIS provide voting power to govern the protocol and its treasury.

The protocol builds its treasury through different revenue streams:

  • Protocol Owned Liquidity (POL) in primary and secondary markets (Liquidity Pools, AMM, money markets).

  • Commissions on the interest generated by the collateral lent on money markets (Liquidity Pools, Credit Lines, Wrappers).

  • Automated Market Operation (AMO) to conduct arbitrage operations.

  • Treasury management (trading, lending, farming, etc.).

  • Bonds and token sales.

Staking rewards

Provided that the governance enacts it, stJARVIS holders can claim part of the revenues of the protocol as well as the underlying yield generated by their LP tokens (trading fees and emission). stJARVIS holders can also claim any future token launched by the Jarvis Network.

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https://jarvis.money/migrate
https://jarvis.money/tokenomics