Jarvis Synthetic Chinese Yuan (JCNY)

Jarvis Synthetic Chinese Yuan (JCNY) is a stable and liquid on-chain fiat currency that exposes users to the Chinese Renminbi. As part of the jFIAT ecosystem, JCNY offers various financial services, including liquidity, credit, and yield access. It is an over-collateralized stablecoin that has consistently maintained its peg against the Renminbi since its launch.

jFIATs, including JCNY, are designed for decentralized finance. They are deployed on multiple networks, allowing for easy accessibility and interoperability. With little to no price impact, JCNY can be exchanged for other tokens, enabling an on-chain Forex market and providing access to liquidity from any currency. Users can also borrow JCNY against various collateral types, mitigating Forex risk and creating loan opportunities.

Furthermore, JCNY can provide liquidity on various protocols, earning users yield through fees and interests. It also acts as a valuable liquidity infrastructure for other stablecoins, fostering mutual synergies between different models of stablecoins. With an expanding ecosystem of applications and protocols, JCNY offers users multiple new use cases and integration opportunities.