Jellyverse, a DeFi platform and exclusive partner of Balancer on the Sei blockchain, recently launched a new decentralized exchange (DEX) with the aim of further expanding its presence within the DeFi space. In a press release shared with Crypto.news, the Jellyverse team announced the introduction of a DEX protocol called JellySwap, a staking solution named JellyStake, and a synthetics protocol known as ‘jAssets’. These new features are part of Jellyverse’s focus on DeFi 3.0 tools to help the community diversify their portfolios in the rapidly evolving cryptocurrency market.
The resurgence of the decentralized finance market has been notable following the impact of the bear market in the last cycle. As the cryptocurrency industry advances with increased interest in lending, staking, real-world assets, and other innovative solutions, Jellyverse’s latest launch of DeFi 3.0 tools aims to offer a new way for users to navigate the market. With features like jAssets, JellySwap, and JellyStake, Jellyverse is targeting robust and sustainable growth for the community. JellySwap, a Balancer friendly-fork, introduces WeightedPools and supports up to eight different tokens, allowing users to customize their investment ratios. JellyStake provides an opportunity for stakers to earn rewards, while jAssets enables the creation of tokens and tracking of Real-World Assets (RWAs) prices.
Santiago Sabater, the co-founder of Jelly Labs AG, emphasized the platform’s mission to redefine DeFi by connecting it with real-world assets, ensuring sustainable growth regardless of market trends. The DeFi 3.0 tools by Jellyverse aim to provide a new avenue for portfolio diversification in the crypto market, offering users innovative solutions for investment and asset management. With features like jAssets, JellySwap, and JellyStake, Jellyverse is looking to empower users to make informed decisions and maximize their investment potential in the changing landscape of decentralized finance.
To celebrate this milestone and engage the community, Jellyverse has announced its inaugural Pool Party event starting on June 11 at 12 pm UTC. During this event, users will have the opportunity to participate in a token offering by purchasing SEI tokens, which will then be pooled with JLY tokens to create the first liquidity pool. The Pool Party event will run for four days or until all JLY tokens are sold out, providing a limited-time opportunity for community members to acquire Jelly Tokens and participate in the platform’s growth. By engaging with this event, users can get involved in the evolving DeFi ecosystem and potentially benefit from the innovative tools and solutions offered by Jellyverse.
With the launch of its new DEX and the introduction of DeFi 3.0 tools like jAssets, JellySwap, and JellyStake, Jellyverse is positioning itself as a key player in the decentralized finance space. The platform’s emphasis on connecting DeFi with real-world assets and providing sustainable growth opportunities for users highlights its commitment to innovation and community engagement. By unveiling its Pool Party event, Jellyverse is offering users a chance to participate in the platform’s growth and expansion while exploring new ways to diversify their portfolios and maximize their returns in the dynamic cryptocurrency market. As DeFi continues to evolve, Jellyverse is poised to play a significant role in shaping the future of decentralized finance and empowering users to navigate the digital asset landscape effectively.
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