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Jellyverse brings 3.0 tools to Sei Blockchain
Jellyverse, a community-driven DeFi platform, has officially launched its Jellyverse ecosystem and decentralized exchange (DEX) JellySwap, serving as the official representative of Balancer on the Sei blockchain.
This comprehensive ecosystem integrates various DeFi tools, including JellySwap, a Balancer-compatible DEX fork, the JellyStake staking solution, and a synthetic protocol known as jAssets.
Innovative features of JellySwap DEX
The launch introduces a suite of DeFi 3.0 tools aimed at improving portfolio diversification within the crypto space and creating new investment opportunities.
JellySwap DEX features innovative “WeightedPools,” which support up to eight different tokens, and “composable stable pools,” which allow users to customize investment ratios with up to five tokens per pool.
These features give users the flexibility to manage their portfolios based on their specific investment strategies and risk profiles. Furthermore, the JellyStake staking protocol involves the community in governance by rewarding stakers with protocol revenues, thus promoting active participation and decision-making within the platform.
The jAssets synthetic protocol facilitates the creation of tokens that follow the price feeds of real-world assets, including stocks and commodities, thus bridging the gap between traditional finance and decentralized finance.
To celebrate the launch of Jellyverse, the platform is hosting its inaugural Pool Party event, a unique token offering that provides the community with an innovative method to acquire Jelly Tokens (JLY).
The event, which starts on June 11 at 12:00 UTC and lasts for 96 hours or until tokens run out, allows community members to purchase JLY with SEI tokens. These SEI tokens are then pooled with additional JLYs to create initial liquidity, ensuring a stable and robust trading environment right from the start.
Jellyverse announcement
Santiago Sabater, co-founder of Jelly Labs AG, highlighted the platform’s mission to redefine DeFi by connecting it to real-world assets. He stated that this approach ensures robust and sustainable growth regardless of market trends, positioning Jellyverse as an industry leader Evolving DeFi landscape.
Sabater highlighted that the combination of JellySwap and jAssets provides a new industry standard for greater portfolio diversification within the crypto space, offering users a safe and efficient way to manage their investments.
Balancer and the rise of friendly forks
Tritium, Balancer Maxi and Head of DevOps, commented on Balancer’s strategic decision to consider friendly fork proposals as a means to expand its technology within the rapidly growing on-chain context.
He praised the Jellyverse team’s proactive efforts and their ties to the SEI Foundation, noting that these factors positioned them as the first to launch a friendly fork in this cycle.
This collaboration highlights the potential for innovative cross-chain integrations and the expansion of DeFi solutions across multiple blockchain platforms.
The DeFi 3.0 tools introduced by Jellyverse are designed to open a new path for portfolio diversification in the cryptocurrency market. The platform, governed by a decentralized autonomous organization (DAO), focuses on creating a sustainable, yield-driven landscape that integrates protocols with real-world price feeds.
This governance model ensures that the community has a direct say in the development and operations of the platform, promoting it transparency and trust between users. All utilities within the ecosystem are governed by Jellyverse’s native token, JLY, which serves as the backbone of the platform’s financial infrastructure.
Jellyverse aims to meet a wide range of financial needs through its combination of decentralized exchange, staking and synthetic protocol. By integrating traditional financial tools with cutting-edge DeFi solutions, Jellyverse offers users a complete and flexible platform for managing their investments.
The launch of Jellyverse marks a significant milestone in the DeFi sector, highlighting the potential for innovative solutions and robust growth opportunities in the ever-evolving cryptocurrency landscape.