Jellyverse (JLY), a decentralized finance (DeFi) company, has launched its ecosystem on the Sei blockchain, featuring DEX named JellySwap.
On the Sei blockchain, the decentralized finance company Jellyverse (JLY) introduced the Jellyverse ecosystem, which includes its decentralized exchange (DEX) named JellySwap.
With the launch of jAssets, an economic system that facilitates the exchange of decentralized assets, Jellyverse offers DeFi 3.0 and combines a variety of decentralized finance (DeFi) technologies, opening up new opportunities for portfolio diversification.
The Jellyverse ecosystem has seen the introduction of new protocols, such as JellySwap, a fork compatible with Balancer that integrates “WeightedPools,” which support up to eight distinct tokens, and “composable stable pools,” which allow users to customize investment ratios with a maximum of five tokens per pool.
In the meantime, stakers will get protocol revenues through the JellyStake staking protocol, which will include the community in governance procedures. Furthermore, jAssets, a synthetics protocol, will allow the production of tokens that monitor real-world asset price feeds (RWA), ranging from equities to commodities.
In addition, the platform will hold the Pool Party event to commemorate the debut of Jellyverse, offering the community a unique chance to obtain JLY tokens. During the event, players will be able to purchase JLY using SEI tokens. We will then combine these tokens with more JLY to create the initial pool liquidity. We have scheduled the event to begin on June 11 at 12 p.m. UTC and extend for ninety-six hours, or until we exhaust all the tokens.
Jellyverse: What Is It?
DeFi 3.0, which aims to create an environment that is both yield-oriented and sustainable, is what Jellyverse is committed to advancing. Users have access to a variety of protocols within this framework, each of which supports particular use cases and integrates RWA.
Within their ecosystem, JLY serves as the primary utility token and governance mechanism. The Jellyverse platform incorporates a variety of protocols and decentralized apps (dApps) that allow JLY stakeholders to participate in decision-making procedures and influence important variables.
Their platform recently integrated Compass Wallet, the largest native wallet in the Sei Ecosystem. This connection enables users to set up staking chests, manage liquidity, create pools, and navigate swaps.