Mean Finance: The most advanced DCA protocol on Polygon

Author: Jarvis Network

Compiled by: ChainCatcher

We are excited to announce that jFIAT has been added to Mean Finance, the most advanced dollar-cost averaging (DCA) protocol on Polygon, allowing users to purchase any token on Polygon with fiat currency and jFIAT at the frequency they desire.

Dollar-Cost Averaging (DCA) involves regularly investing a fixed amount of funds into the same asset over a long period, regardless of the price.

DCA is often cited as a powerful and seamless strategy for building long-term investment positions in stocks or cryptocurrencies. Many centralized exchanges and wallet providers are offering such services to their users to help them build their portfolios over time.

Mean Finance is the most advanced DCA protocol that enables users to convert any ERC20 DCA into any ERC20 in a trustless, non-custodial, and gas-free manner on Polygon and Optimism!

By supporting jFIAT on its Polygon platform with a 0-fee and 0-KYC fiat gateway powered by Mt Pelerin, Mean Finance allows users to DCA any token from euros, Swiss francs, or British pounds!

To create a DCA strategy, users need to deposit jEUR, jCHF, or jGBP into the platform and specify the frequency and amount. Voila! The protocol will internally match users with opposite positions (for example, someone buying WETH with jEUR while someone else sells WETH with jEUR); if there are no positions to match, or if the entire position cannot be matched, the protocol's market makers will execute the trades. In our case, they will leverage the secondary market liquidity of jFIAT (KyberSwap). The platform charges a fee of 0.6% for executing each swap, with 0.3% going to the protocol and 0.3% to the market makers executing the trades.

Once the trade is completed, users can view their positions under the positions tab and can modify or revoke them.

Ultimately, they will receive an NFT representing their current DCA strategy.

Mean Finance is the most advanced DCA protocol. Our protocol allows users to leverage Chainlink and Uniswap V3 TWAP oracles to convert any ERC20 dollar-cost averaging (DCA) into any ERC20 with their preferred periodic frequency.

Jarvis Network is a set of protocols and applications on EVM-compatible chains designed to connect legacy finance and decentralized finance (DeFi). Its mission is to build an infrastructure layer that anyone can leverage to develop use cases that facilitate DeFi adoption and build applications to attract 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 to a fully on-chain foreign exchange market. jFIAT is designed to be usable stablecoins: they maintain their peg, are highly liquid, and scalable.