DeFi
Jellyverse launches DeFi 3.0 tools on Sei
Jellyverse, the DeFi platform that serves as Balancer’s exclusive partner on the Its blockchainhas launched a new decentralized exchange (DEX) as it aims for increased growth within the DeFi space.
The Jellyverse team revealed the new ecosystem via a press release shared with Crypto.news on Monday.
Announced features include a DEX protocol called JellySwap; JellyStake staking solution and a synthetic protocol called “jAssets”.
Jellyverse integrates DeFi 3.0 tools
The decentralized financial market continues to experience a remarkable resurgence following the bear market impact of the last cycle.
As the cryptocurrency industry is making greater progress with new traction in lending, staking, real-world assets and others, Jellyverse says its latest initiative aims to create a new way for the community to diversify their portfolios.
DeFi 3.0 is that goal, with tools like jAssets, the JellySwap DEX protocol, and JellyStake to achieve it.
JellySwap is a user-friendly fork for Balancer that introduces “WeightedPools” and will support up to eight different tokens. There are also “composable stable pools” that users can leverage to customize their investment ratios, leveraging up to five tokens for each pool.
Meanwhile, JellyStake will offer punters the chance to win rewards.
jAssets, on the other hand, provides a synthetic protocol where users can mint tokens and track price feeds of real-world assets (RWA), including stocks and commodities.
“Our mission is to redefine DeFi by connecting it to real-world assets, ensuring robust and sustainable growth regardless of market trends,” Santiago Sabater, co-founder of Jelly Labs AG, said in a statement.
DeFi 3.0 tools are expected to open a new path towards portfolio diversification in the crypto market, Sabater added.
Jellyverse Unveils Inaugural Pool Party Event
As Jellyverse marks this milestone, a new token offering is planned for the community. The platform’s first Pool Party event will begin on June 11 at 12 p.m. UTC, offering a unique chance for users to win Jelly Tokens ($JLY).
Interested community members will be able to purchase SEI tokens, which will then be pooled with JLY to generate the first liquidity pool.
The offer will be open for four days, or until JLY tokens run out.