[PRESS RELEASE – Vaduz, Liechtenstein, June 10th, 2024]

Jellyverse, a community-driven DeFi platform, has introduced the launch of its Jellyverse ecosystem and their decentralized change (DEX) JellySwap, serving as Balancer’s official consultant on the Sei blockchain. The platform contains its ‘JellySwap’ DEX, ‘JellyStake’ staking resolution, and a synthetics protocol referred to as ‘jAssets’.

The platform integrates DeFi instruments, and introduces DeFi 3.0 via jAssets, creating new methods of diversifying portfolios. New protocols embody JellySwap, a Balancer friendly-fork, which is able to characteristic ‘WeightedPools’, supporting up to eight totally different tokens, and ‘composable stable pools’ enabling customers to customise funding ratios with up to 5 tokens per pool. JellyStake staking protocol engages the neighborhood in governance, rewarding stakers with protocol revenues. jAssets, a synthetics protocol, permits for creation of tokens following price feeds of Actual-world property, starting from shares to commodities.

To mark the creation of Jellyverse, the platform is holding its inaugural Pool Get together occasion. The token providing occasion is leveraging a singular methodology for the neighborhood to get Jelly Tokens ($JLY). Beginning on June eleventh at 12pm UTC and lasting for 96 hours, or till tokens run out, members should purchase JLY with SEI tokens, the SEI tokens are then pooled with extra JLY to create preliminary pool liquidity.

“Our mission is to redefine DeFi by connecting it with real-world assets, ensuring robust and sustainable growth regardless of market trends,” stated Santiago Sabater, Co-Founder at Jelly Labs AG. “With the capabilities of JellySwap in combination with jAssets, Jellyverse stands to provide a new industry standard of enhanced portfolio diversification within the crypto space.”

“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 chain-verse,” stated Tritium, Balancer Maxi and Head of DevOps. “The Jellyverse team was proactive, and through our shared connections with the SEI Foundation, they will be the first in this cycle to launch a friendly fork.”

About Jellyverse

Jellyverse is a complete DeFi ecosystem, combining a decentralized change (DEX), staking, and synthetics protocol. Ruled by its neighborhood via a decentralized autonomous group (DAO), Jellyverse focuses on the following iteration of DeFi, generally known as DeFi 3.0, aiming to create a sustainable, yield-oriented panorama that integrates protocols with real-world price feeds. The platform affords numerous utilities designed to fulfill a variety of economic wants, all ruled by its native token, JLY.