Vaduz, Liechtenstein, June 10, 2024, Chainwire
Jellyverse, a community-driven DeFi platform, has announced the launch of its Jellyverse ecosystem and its decentralized exchange (DEX) JellySwap, which acts as the official representative of Balancer on the Sei blockchain. The platform includes its DEX 'JellySwap', its staking solution 'JellyStake', and a synthetic protocol called 'jAssets'.
The platform integrates DeFi tools and introduces DeFi 3.0 through jAssets, creating new ways to diversify portfolios. The new protocols include JellySwap, a Balancer-compatible fork, which will feature 'WeightedPools', which will support up to eight different tokens, and 'composable stable pools' which will allow users to customize investment ratios with up to five tokens per pool. The JellyStake staking protocol involves the community in governance, rewarding participants with protocol revenue. jAssets, a synthetic protocol, enables the creation of tokens following the prices of real-world assets, from stocks to commodities.
To commemorate the creation of Jellyverse, the platform is holding its inaugural Pool (NASDAQ:) Party event. The token offering event leverages a unique method for the community to earn Jelly Tokens ($JLY). Starting June 11 at 12 pm UTC and lasting 96 hours, or until tokens run out, members can purchase JLY with SEI tokens, SEI tokens are then combined with additional JLY to create initial liquidity of the cluster.
“Our mission is to redefine DeFi by connecting it with real-world assets, ensuring strong and sustainable growth regardless of market trends,” said Santiago Sabater, co-founder of Jelly Labs AG. “With the capabilities of JellySwap combined with jAssets, Jellyverse can provide a new industry standard of enhanced portfolio diversification within the crypto space.”
“With limited resources to explore cross-chain expansion, Balancer decided to consider fork-friendly proposals as an alternative way to expand our technology across the rapidly growing chain veil,” said Tritium, Balancer Maxi and DevOps Director. “The Jellyverse team was proactive and through our shared connections with the SEI Foundation, they will be the first in this cycle to launch a friendly fork.”
About Jellyverse
Jellyverse is a comprehensive DeFi ecosystem that combines a decentralized exchange (DEX) protocol, staking, and synthetics. Governed by its community through a decentralized autonomous organization (DAO), Jellyverse is focused on the next version of DeFi, commonly known as DeFi 3.0, with the goal of creating a sustainable, performance-oriented landscape that integrates world-priced protocols. real. The platform offers several utilities designed to meet a wide range of financial needs, all governed by its native token, JLY.
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This article was originally published on Chainwire.
