⏩ TLDR

• Synthereum V2 on Gnosis Chain with WXDAI as collateral and LP Vault.

• LP Vault UI page is live.

• What are flywheels?

• Deployment of $200K of liquidity on Ellipsis and Aerodrome.

• Arbitrum CCIP Bridge.

🗞️ Quick news

LP Vault UI is live

Jarvis app now supports Gnosis Chain

Gnosis Chain will become an important network for the Synthereum protocol.

$2.6M of annualized yield

Flywheel Live

We organized a live to learn the effect of the flywheels and how to participate in them.

🧪 Protocol

• The Synthereum protocol has been deployed on Gnosis Chain. On Gnosis Chain, we had to build a new adapter for the RMM v3: we do not use Aave v3 like on every other chains, but the RMM v3, the Aave v3 friendly fork from RealT.

• The CCIP bridge was deployed on Arbitrum, and we deployed new lanes between Arbitrum and Optimsim, BSC, Avalanche and Polygon.

• We kept working on the Cascade protocol.

📱 Application

• We have integrated Gnosis Chain on the application.

• We are working on the calculation of the APR on Vault pages.

🗳️ Governance

Discussion

• JIP 1: structure the organization of the multi-sig signers and allocate a budget for compensating the signers.

Proposal

• JIP 2: the governance has approved the deployment of $180K of liquidity on Aerodrome and on Ellipsis and participate to the flywheels.

• JIP 3: the governance has approved the rotation of the signers in the multi-sigs.