The Superfluid protocol on Polygon supports the synthetic stablecoin of Jarvis Network

Author: Jarvis Network

Compiled by: ChainCatcher

We are excited to announce that the Superfluid protocol on Polygon now supports Jarvis Network's synthetic Euro (jEUR), Swiss Franc (jCHF), and British Pound (jGBP) stablecoins! Jarvis Network's jFIAT is designed to maintain its peg and has high liquidity, making it suitable for on-chain trading, yield, payments, and remittances. Superfluid unlocks multiple new use cases for jFIAT, from real-time payments to real-time investments.

Streaming payments are different from regular payments.

Streaming payments are real-time payments! The recipient of a streaming payment will receive a token whose balance grows with each block, resulting in a delightful visual effect: in the case of jEUR, the recipient of the streaming payment will see their jEURx balance grow in real time!

jEURx is a wrapped token that can be redeemed for jEUR on the Superfluid Dashboard at a 1:1 ratio. It can also be sent to other addresses or used as collateral in other protocols.

The creation of the Superfluid protocol is aimed at helping developers push the boundaries of programmable money and usher in the "real-time finance" era. To leverage Superfluid streams, developers build "super applications": smart contract applications with custom logic/behavior that enable a whole new set of functionalities by utilizing real-time asset transfers. For example, the Ricochet exchange allows users to set up real-time DCA strategies (Dollar Cost Averaging), enabling them to continuously purchase a token every second. This means you can convert jEUR to ETH in real time when you receive your paycheck.

Streams can also be forwarded to another recipient or super application! For instance, someone receiving a streaming salary in jEUR can forward a portion (or all) of their salary to others to pay rent, or forward it to Ricochet to reinvest their salary in real time into the jEUR pool on Curve and earn yield.

In summary, these features open the door to new ways of receiving payments! Jarvis Network is committed to building innovative new payment solutions on top of Superfluid and leveraging the liquidity and yield of jFIAT.

Starting today, DAOs can use Superfluid's new primitives to make real-time payments to their contributors via jEUR, jGBP, and jCHF. Thanks to our partnership with Mt Pelerin, companies and their employees can also take advantage of streaming payments.

Jarvis Network's jEUR, jGBP, and jCHF can be directly exited from Polygon at a 1:1 ratio for fiat equivalence using Mt Pelerin's Bridge wallet. Mt Pelerin will support the exit of jEURx, jGBPx, and jCHFx without needing to unwrap them, allowing for real-time salary payments and potentially enabling free withdrawals to a person's bank account.

Since June of last year, all Jarvis employees have been paid in jEUR and Mt Pelerin. Starting next month, some of them will be paid every second via streaming jEUR on Polygon using Superfluid.

Jarvis Network is a set of protocols and applications on EVM-compatible chains that connect legacy finance and decentralized finance (DeFi). Its mission is to build an infrastructure layer that anyone can leverage to develop use cases that promote 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: they maintain their peg, are highly liquid, and scalable.

Superfluid is an asset streaming protocol capable of describing cash flows and executing them automatically on-chain over time in a non-interactive manner. Superfluid streams are programmable, composable, and modular. The first type of cash flow allows for continuous value streams and one-to-many distributions. Based on block timestamps, all streams settle simultaneously. No funds are locked, and all inflows and outflows are netted in real time, greatly enhancing capital efficiency.