Jellyverse introduces DeFi 30 tools on Sei platform
Jellyverse, the exclusive partner of Balancer on the Sei blockchain, has recently introduced a novel decentralized exchange (DEX) as part of its expansion plans within the DeFi sector.
The Jellyverse team disclosed the launch of their new ecosystem through a press release shared with Crypto.news on Monday. The latest features include a DEX protocol known as JellySwap, a staking solution called JellyStake, and a synthetics protocol named ‘jAssets’.
In a market that has shown significant growth post the bear market of the last cycle, the decentralized finance space is witnessing a resurgence. With advancements in lending, staking, and real-world assets gaining momentum, Jellyverse aims to offer the community a fresh approach to diversifying their portfolios.
DeFi 3.0 is the objective, with tools like jAssets, JellySwap, and JellyStake playing a pivotal role in achieving this goal. JellySwap, a Balancer-friendly fork, introduces ‘WeightedPools’ and supports up to eight different tokens. Users can also access ‘composable stable pools’ to customize their investment ratios, utilizing up to five tokens per pool.
On the other hand, JellyStake presents stakers with an opportunity to earn rewards, while jAssets allows users to create tokens and monitor price feeds of Real-World Assets (RWAs) such as stocks and commodities.
Sabater, a representative of Jellyverse, emphasized that the DeFi 3.0 tools will pave the way for a new avenue of portfolio diversification in the crypto market.
To celebrate this milestone, Jellyverse has organized its first Pool Party event, where the community can participate in a token offering. Starting on June 11 at 12 pm UTC, users will have the chance to acquire Jelly Tokens ($JLY) by purchasing SEI tokens, which will then be pooled with JLY to create the initial liquidity pool.
The offer will be available for four days or until all JLY tokens have been claimed by interested community members.
