DeFi
Jellyverse Launches DeFi 3.0 Tools on Sei Blockchain
[PRESS RELEASE – Vaduz, Liechtenstein, June 10th, 2024]
Jellyverse, a community-based DeFi platform, announced the launch of its Jellyverse ecosystem and decentralized exchange (DEX) JellySwap, serving 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 user-friendly fork of Balancer, which will feature “Weighted Pools,” supporting up to eight different tokens, and “Composable Stable Pools” allowing users to customize investment ratios with up to at five tokens per pool. The JellyStake staking protocol engages the community in governance, rewarding stakeholders with protocol revenue. jAssets, a synthetic protocol, enables the creation of tokens tracking real-world asset price feeds, ranging from stocks to commodities.
To mark the creation of Jellyverse, the platform is organizing its first Pool Party event. The Token Offering Event leverages a unique method for the community to obtain Jelly Tokens ($JLY). Starting June 11 at 12:00 UTC and for 96 hours, or until tokens run out, members can purchase JLY with SEI tokens, SEI tokens are then pooled with additional JLY to create initial liquidity.
“Our mission is to redefine DeFi by connecting it to real-world assets, ensuring robust and sustainable growth regardless of market trends,” said Santiago Sabater, co-founder of Jelly Labs AG. “Through the capabilities of JellySwap in combination with jAssets, Jellyverse is poised to deliver a new industry standard for enhanced portfolio diversification in the crypto space.”
“With limited resources to explore cross-chain expansion, Balancer decided to consider friendly fork proposals as an alternative way to expand our technology in the rapidly growing blockchain worm,” said Tritium, Balancer Maxi and DevOps manager. “The Jellyverse team has been proactive and through our shared relationships with the SEI Foundation, will be the first in this cycle to launch a user-friendly fork.”
About Jellyverse
Jellyverse is a complete DeFi ecosystem, combining a decentralized exchange (DEX), staking and synthesis protocol. Governed by its community through a decentralized autonomous organization (DAO), Jellyverse is focused on the next iteration of DeFi, commonly referred to as DeFi 3.0, aiming to create a sustainable, yield-driven landscape that integrates protocols with flows real prices. The platform offers various utilities designed to meet a wide range of financial needs, all governed by its native token, JLY.
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