⏩ TLDR

• Synthereum V2 infrastructure on Base.

• Discussion to replace the Credit Lines by a Money Market

• Arbitrum CCIP Bridge UI integration.

🧪 Protocol

• For the past two weeks, we only have worked on the Cascade protocol. We have completed the “LP token wrappers” module and we are now working on the first iteration of the “yield distribution module”.

📱 Application

• We have integrated the Arbitrum CCIP Bridge.

• We have completed the calculation of the APR for the liquidity providers.

🗳️ Governance

Discussion

• JIP 5: shutting down the Credit Line and replace them with a Money Market on Base. The shutting down of the Credit Line will remove the selling pressure on the jFIATs, helping them getting back closer to their peg, and bringing back liquidity on the primary market. The launch of a Money Market will allow a better management of the loans and selling pressure.

Proposal

No new vote.