Georgetown, Cayman Islands, May 25, 2022 (GLOBE NEWSWIRE) —
- Earn yield by supporting the jNZDS pool
- Mint jNZDS and add to 2nzd pool on Curve for rewards
- Use Beefy or Harvest to accelerate yield
- Arb trade or initiate seamless and efficient cross-border payments
- Redeem $NZDS at Dasset (Ethereum) or Techemynt (Ethereum/Polygon)
This week DeFi protocol Jarvis Network is kicking off a new 60-day reward program that includes Techemynt’s NZDS. The program aims to incentivise liquidity providers who contribute to their Curve pools with swap fees as well as a portion of JRT (Jarvis governance token). These pools function as a seamless and cost-effective way to convert between $NZDS and Jarvis’ synthetic New Zealand dollar, jNZD. jNZD can then be converted to other fiat tokens or USDC on Jarvis.
Jarvis Network functions as an on-chain decentralized exchange and has pioneered a capital-efficient means of issuing synthetic fiat currencies called jFIATs. jFIATs are stablecoins for both decentralized and centralized finance that are designed to be usable: they keep their peg, have a high on-chain liquidity and are easy to scale.
Jarvis believes that non-USD stablecoins hold the keys to drive user adoption and financial inclusion, but most of them struggle to attain the required network effect to make them practical and usable – the biggest bottleneck being liquidity and peg preservation. Jarvis works exclusively with USDC to mint and partners with 1:1 backed/fully…
