Jellyverse Launches JellySwap, JellyStake, And jAssets On Sei, Unveiling Pool Party Event
In Brief
DeFi platform Jellyverse unveiled the launch of Jellyverse ecosystem, along with its DEX JellySwap on the Sei blockchain.
Decentralized finance platform Jellyverse (JLY) unveiled the Jellyverse ecosystem, along with its decentralized exchange (DEX) called JellySwap on the Sei blockchain.
Jellyverse incorporates various decentralized finance (DeFi) tools and introduces DeFi 3.0 with the introduction of jAssets, an economic system facilitating the trading of decentralized assets, thus offering new avenues for portfolio diversification.
New protocols introduced within the Jellyverse ecosystem encompass JellySwap, a Balancer-friendly fork designed to integrate “WeightedPools” supporting up to eight different tokens, and ‘composable stable pools’ enabling users to tailor investment ratios with up to five tokens per pool. Meanwhile, the JellyStake staking protocol will involve the community in governance processes, rewarding stakers with protocol revenues. Additionally, jAssets, a synthetics protocol, will facilitate the creation of tokens tracking price feeds of real-world assets (RWA), spanning from stocks to commodities.
Furthermore, in celebration of the launch of Jellyverse, the platform will host the Pool Party event, providing the community with a distinctive opportunity to acquire JLY tokens. During the event, participants will have the chance to purchase JLY using SEI tokens, which will then be pooled with additional JLY to establish initial pool liquidity. The event is scheduled to commence at 12 pm UTC on June 11th and will run for 96 hours or until the token supply is depleted.
What Is Jellyverse?
Jellyverse is dedicated to advancing DeFi 3.0, which focuses on building a sustainable and yield-oriented ecosystem. Within this framework, users gain access to diverse protocols, each serving specific use cases and integrating RWA.
JLY functions as the central governance and utility token within the Jellyverse ecosystem. It empowers JLY stakers to engage in decision-making processes and impact key parameters across various protocols and decentralized applications (dApps) integrated within the Jellyverse platform.
Recently, Jellyverse incorporated the Sei Ecosystem‘s largest native wallet, Compass Wallet, into its platform. This integration allows users to navigate swaps, manage liquidity, create pools, and establish staking chests.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
