Cayman Islands, Georgetown, May 25, 2022 (GLOBE NEWSWIRE)-
- Support jNZDS pools and earn yields
- Create a jNZDS and add it to Curve’s 2nzd pool to earn rewards
- Use Beefy or Harvest to accelerate yields
- Start Arb transactions, or seamless and efficient cross-border payments
- Use $ NZDS with Dasset (Ethereum) or Techemynt (Ethereum / Polygon)
This week, the DeFi Protocol’s Jarvis Network launches a new 60-day rewards program that includes Techemynt’s NZDS. This program aims to provide incentives to liquidity providers who contribute to the curve pool with swap fees and part of the JRT (Jarvis Governance Token). These pools serve as a seamless and cost-effective way to convert between $ NZDS and Jarvis’ synthetic New Zealand dollars jNZD. jNZD can be converted to other Fiat tokens or USDC with Jarvis.
The Jarvis Network has acted as an on-chain decentralized exchange and has pioneered a capital-efficient means of issuing synthetic fiat currencies called jFIAT. jFIAT is a stablecoin designed for use in both decentralized and centralized finance. Maintains pegs, has high liquidity on the chain and is easy to expand.
Jarvis believes that non-US dollar stablecoins hold the key to facilitating user recruitment and financial inclusion, but most of them achieve the network effects needed to be practical and usable. Struggling with-The biggest bottleneck is liquidity and peg storage. Jarvis is working exclusively with USDC to partner with 1: 1 backed / fully secured stablecoin issuers to ensure maximum stability.
Synthereum, the engine that powers the Jarvis network, enables stable and fluid non-US dollar stablecoin issuance and solves the challenges faced by other stablecoins through the capital-efficient on-chain forex market. .. The Jarvis Network is committed to working with New Zealand-based Techemynt (https://www.techemynt.com/) to support more local currencies in addition to US dollar-denominated currencies on the platform. increase.
“$ NZDS” is a New Zealand dollar stablecoin backed by a 1: 1 ratio of cash and cash equivalents in physical New Zealand dollars. The New Zealand currency is a leader in adaptability, resilience and market confidence. The NZD is the 10th most traded currency in the world on the foreign exchange market. NZD Stablecoin provides cryptocurrency users with the stability and usefulness of the New Zealand dollar with its versatility of cryptocurrencies.
The Jarvis Network now offers a wide range of growing synthetic stablecoins, including major currencies such as jGBP, jCNY and jEUR, as well as smaller and less represented currencies such as jSEK, jPHP and jNZD. increase. The Jarvis Network assists individuals, institutions and protocols that passively hold crypto assets or equivalent assets to earn yields, and cross-border swaps / payments through a decentralized on-chain minting mechanism. Promote. All currencies are backed by USDC and over-collateralized to provide maximum stability and guarantees to our clients.
“We are pleased to be able to add $ NZDS to the on-chain Forex liquidity network we are building on the Jarvis Network, which allows users to earn yields in multiple currencies and make cross-border payments. With the addition of $ NZDS, you can grow your community and serve in New Zealand. NZD is the Asia Pacific region. It is a trusted and very popular currency not only around the world, but Pascal Tallarida, founder and CEO of Jarvis Network, said:
“By partnering with the Jarvis Network, Techemynt and $ NZDS holders will help strengthen the ecosystem and facilitate adoption in a more comprehensive financial environment that provides real value to participants. We believe you can enjoy the benefits, some of which are detailed below.
- Offers $ NZDS exposure in the international DeFi money market via both the Jarvis and Curve protocols
- Maximize yield opportunities for $ NZDS users
- Increase on-chain liquidity for $ NZDS to provide DeFi users with the best flat on and off ramps in New Zealand.
- Add support for NZD Stablecoin (jNZD, $ NZDS, and yielding 2nzd Stablecoin) to money markets such as Market.xyz to borrow or rent NZD Stablecoin.
- By creating a 2nzd pool, $ NZDS can be easily exchanged for a jNZD with some specific properties. It can be converted without affecting the prices of other jFIAT currencies (jEUR, jCHF, jCAD, jCNY, etc.) and USDC. This means that $ NZDS will be connected to Jarvis’ on-chain forex market. Most jFIATs have on-ramp and off-ramp functions that allow cross-border payments (EUR-> jEUR-> jNZD-> $ NZDS-> NZD).
- Facilitate partnerships with DeFi yield aggregators such as Harvest and Beefy to further enhance the ability to support yields and create a $ NZDS flywheel effect.
Model that produces yield:
- 1) USDC-based stablecoin holders-provide liquidity / stocks in the jNZD / USDC pool through Jarvis
- 2) Deposit some fees and Jarvis Rewards to the curve pool
- 3) Accelerate yield production with Harvest and Beefy
- Access to all the protocol communities mentioned above via Twitter and DAO forums for $ NZDS brand awareness
- Give arbitrators the opportunity to play New Zealand dollar stablecoins in the 2NZD curve pool-improve transaction throughput and enhance use cases
- Facilitates integration with urgent wallet providers and financial intermediaries to provide a seamless on / off ramp for $ NZDS-Finally, holders can buy crypto directly for $ NZDS through payment infrastructure providers increase
In the true spirit of DeFi and Web3, using Jarvis as an unauthorized protocol, anyone with a cryptocurrency wallet can significantly create synthetic stablecoins while creating them securely, cheaply and transparently. You can get high profit.
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About Jarvis Network: Jarvis Network is a set of protocols and applications on the EVM compatible chain that bridges legacy and decentralized finance (DeFi). Its mission is to build a publicly available infrastructure layer, develop use cases to drive DeFi adoption, and build applications that will turn onboard the next billion users. Its first protocol, Synthereum, pioneered an innovative and capital-efficient way to issue and exchange synthetic fiat currencies called jFIAT, thanks entirely to the on-chain forex market. jFIAT is a stablecoin designed to be used. Maintains pegs, is highly liquid and scalable. For more information, please visit www.jarvis.network. The company is also calling on protocol partners and like-minded groups to support the needs of underserved banks everywhere.
About Techemynt: Techemynt (https://www.techemynt.com/) is the issuer of $ NZDS, a stablecoin backed by a 1: 1 New Zealand dollar. $ NZDS provides a blockchain-based analog of the New Zealand dollar that enables arbitrage, remittances, and digital payments while positioning the New Zealand dollar as a major participant in the global digital asset economy. Techemynt is headed by Fran Strajnar, the founder of digital asset investment firm Techemy Capital and digital asset data infrastructure firm Brave NewCoin.
About $ NZDS: $ NZDS is a 1: 1 stablecoin backed by the New Zealand dollar, combining the flexibility of cryptocurrencies with the stability of fiat. $ NZDS was deployed on the Ethereum blockchain by Blockchain Labs using the robust FiatToken framework developed by Center and the one issued by Techemynt.
Email: hello@jarvis.network
Twitter: @Jarvis_Network
Website: https: //jarvis.network/
Discord: https: //discord.gg/ZuxXHgt2
Email: info@techemynt.com
Twitter: @techemynt
Website: https: //www.techemynt.com/
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