DeFi
Jellyverse Launches New DeFi Ecosystem on Sei
Jellyverse, decentralized finance (Challenge), announced the launch of its complete ecosystem, introducing a decentralized exchange (DEX) JellySwap as official Pendulum SEI representative (SEI) blockchainaccording to the latest updates shared with Finbold on June 10.
The community platform includes a range of innovative DeFi tools including JellySwap DEX, JellyStake staking solution and a synthetic protocol known as jAssets.
Portfolio diversification with DeFi
Jellyverse aims to revolutionize portfolio diversification through its DeFi 3.0 integration, led by jAssets.
Among the newly introduced protocols, JellySwap stands out as a balancer-friendly fork, with WeightedPools supporting up to eight different tokens and composable stable pools allowing users to customize investment ratios with up to five tokens per pool.
Meanwhile, the jAssets synthetic protocol enables the creation of tokens that track real-world asset price feeds, from actions has basic products.
Connecting DeFi to real-world assets
Santiago Sabater, co-founder of Jelly Labs AG, highlighted the platform’s goal of ensuring growth by connecting DeFi to real-world assets:
“Our mission is to redefine DeFi by connecting it to real-world assets, ensuring robust and sustainable growth regardless of market trends. Through the capabilities of JellySwap in combination with jAssets, Jellyverse is poised to provide a new industry standard for enhanced portfolio diversification in the crypto space.
Tritium, Balancer Maxi and DevOps lead, echoed Sabater’s sentiment, emphasizing the need for new on-chain solutions. technology solutions:
“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. The Jellyverse team has been proactive and thanks to our shared relationship with the SEI Foundation, will be the first in this cycle to launch a user-friendly fork.
Inaugural Jellyverse Pool Party Event
To celebrate the launch, Jellyverse is hosting its first Pool Party event, marking the debut of its Jelly Tokens (JLY).
Starting June 11 at 12:00 UTC and for 96 hours, or until tokens are exhausted, participants can purchase JLY using SEI tokens.
These SEI tokens will then be pooled with additional JLY to establish the initial liquidity of the pool.