The community-driven DeFi platform Jellyverse, the official representative of Balancer on the Sei blockchain, has recently announced the launch of its Jellyverse ecosystem and decentralized exchange (DEX) JellySwap. Included in the platform are the “JellySwap” DEX, “JellyStake” staking solution, and “jAssets” synthetics protocol.
By introducing DeFi 3.0 through jAssets and integrating various DeFi tools, the platform is paving the way for new opportunities in portfolio diversification. Among the new protocols is JellySwap, a friendly-fork of Balancer that supports up to eight different tokens through “WeightedPools” and “composable stable pools,” allowing users to create 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 based on real-world asset price feeds, including stocks and commodities.
To celebrate its launch, Jellyverse is hosting its inaugural Pool Party event. Community members have the opportunity to acquire Jelly Tokens ($JLY) through a special token offering event. Starting on June 11 at 12 p.m. UTC and lasting for 96 hours, or until tokens are sold out, members can purchase JLY using SEI tokens. These SEI tokens are then combined with additional JLY to provide initial pool liquidity.
Santiago Sabater, Co-Founder at Jelly Labs AG, expressed his excitement about the platform, stating: “We are thrilled to introduce Jellyverse to the DeFi community and provide innovative solutions for portfolio management and staking.”
