The innovative DeFi platform, Jellyverse, acting as the official representative of Balancer on the Sei blockchain, has announced the launch of its Jellyverse ecosystem and decentralized exchange (DEX) called JellySwap. Within this platform, users can access the “JellySwap” DEX, “JellyStake” staking solution, and “jAssets” synthetics protocol.
By introducing DeFi 3.0 through jAssets and incorporating various DeFi tools, Jellyverse is revolutionizing portfolio diversification. The JellySwap protocol, a friendly fork of Balancer, allows for the creation of up to eight distinct tokens through “WeightedPools” and “composable stable pools,” enabling users to establish investment ratios with up to five tokens per pool. The JellyStake staking protocol involves the community in governance by rewarding stakers with protocol revenues. Additionally, the jAssets synthetics protocol enables the creation of tokens linked to real-world asset price feeds, such as stocks and commodities.
To celebrate its inception, Jellyverse is hosting its inaugural Pool Party event. Participants can acquire Jelly Tokens ($JLY) through a unique token offering event. Starting on June 11 at 12 p.m. UTC, members can purchase JLY using SEI tokens for a period of 96 hours or until the tokens are exhausted. The SEI tokens will be combined with more JLY to establish initial pool liquidity.
Santiago Sabater, Co-Founder at Jelly Labs AG, expressed his enthusiasm for the platform’s development. Tritium, Balancer Maxi, and Head of DevOps also shared their excitement for the innovative features being introduced within the Jellyverse platform.