The community-driven DeFi platform Jellyverse has announced the launch of its Jellyverse ecosystem and decentralized exchange (DEX) JellySwap on the Sei blockchain. The platform includes the JellySwap DEX, JellyStake staking solution, and jAssets synthetics protocol. By introducing DeFi 3.0 through jAssets and integrating DeFi tools, Jellyverse provides new opportunities for portfolio diversification.
JellySwap, a friendly fork of Balancer, allows users to create investment ratios with up to eight distinct tokens via WeightedPools and composable stable pools. The JellyStake staking protocol involves the community in governance by compensating stakers with protocol revenues. Additionally, the jAssets synthetics protocol enables the creation of tokens based on real-world asset price feeds, including stocks and commodities.
To celebrate its establishment, Jellyverse is hosting its first-ever Pool Party event where community members can acquire Jelly Tokens ($JLY) through a token offering event. Starting on June 11 at 12 p.m. UTC, members can purchase JLY using SEI tokens for 96 hours or until tokens run out. The SEI tokens will be pooled with more JLY to provide initial pool liquidity for users.
Santiago Sabater, Co-Founder at Jelly Labs AG, expressed the platform’s mission to redefine DeFi by connecting it with real-world assets for sustainable growth in any market conditions. By leveraging the capabilities of JellySwap and jAssets, Jellyverse aims to set a new industry standard for enhanced portfolio diversification within the crypto space.
Tritium, Balancer Maxi and Head of DevOps, highlighted the platform’s proactive approach in pursuing cross-chain expansion through friendly fork proposals. With limited resources for exploring new chains, Balancer saw the opportunity to collaborate with Jellyverse and the SEI Foundation to launch the first friendly fork in the cycle, expanding their technology in the rapidly growing chain-verse.
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