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Jarvis Reward Token (JRT) is a stablecoin and forex protocol that offers decentralized finance solutions. It provides jFIATs, over-collateralized, stable, and liquid on-chain fiat currencies. Users can gain exposure to various fiat currencies and access liquidity, credit, yield, and other financial services using jFIATs.
jFIATs are multi-chain stablecoins that are deployed on multiple networks. They include currencies like the Euro, Swiss Franc, Pound Sterling, Swedish Krona, etc. These stablecoins have consistently maintained their peg and value through strong stability mechanisms.
jFIATs offer liquidity and can be exchanged for any tokens with little to no price impact, enabling an on-chain Forex market. Users can also borrow jFIATs against various collaterals for a fixed origination fee, providing loans with Forex risk. Moreover, jFIATs can be used to provide liquidity on various protocols and earn yield through fees and interests. They also act as a liquidity infrastructure for other stablecoins, creating beneficial synergies.
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