Jarvis Network
Crypto Overview
Overview
Jarvis Network is a DeFi protocol that aims to create synthetic assets (jAssets) that track real-world asset prices. The JRT token serves as the protocol's utility and governance token.
Purpose and Utility
The primary purpose of JRT is to facilitate the creation and management of synthetic assets within the Jarvis Network ecosystem. Token holders can participate in governance decisions, stake tokens to provide liquidity, and use JRT as collateral for minting synthetic assets.
Business Model Evaluation
The core business model revolves around creating synthetic versions of real-world assets, allowing users to gain exposure to various markets without directly owning the underlying assets. The protocol generates revenue through fees from trading and minting synthetic assets.
Development and Adoption
The project maintains active development with regular updates to its protocol. While adoption remains relatively modest, the platform has established partnerships with several DeFi protocols and continues to expand its synthetic asset offerings.
Token Distribution
The token distribution includes allocations for the team, development fund, and public sale participants. Team tokens have vesting schedules to align long-term incentives.
Revenue Model
The protocol generates revenue through trading fees and liquidation penalties, which are distributed to stakers and the protocol treasury. This model does not rely on interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in Jarvis Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Jarvis Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.