Jellyverse unveils a fresh DeFi ecosystem on Sei

Jellyverse, a DeFi platform, has unveiled its new ecosystem, introducing the JellySwap decentralized exchange (DEX) as the official representative of Balancer on the Sei (SEI) blockchain. This announcement was made on June 10 in the latest updates provided to Finbold.

The platform, driven by the community, offers a variety of innovative DeFi tools such as the JellySwap DEX, JellyStake staking solution, and a synthetics protocol called jAssets.

Jellyverse aims to transform portfolio diversification with its DeFi 3.0 integration led by jAssets.

In the realm of newly introduced protocols, JellySwap is a standout as a Balancer-friendly fork, with WeightedPools that support up to eight different tokens and composable stable pools that allow users to customize investment ratios with up to five tokens per pool.

The jAssets synthetics protocol enables the creation of tokens that mirror the price feeds of real-world assets like stocks and commodities.

Santiago Sabater, Co-Founder at Jelly Labs AG, emphasized the platform’s mission of linking DeFi with real-world assets to ensure sustainable growth. Tritium, Balancer Maxi and Head of DevOps, echoed this sentiment, underlining the importance of new on-chain technology solutions.

To celebrate the launch, Jellyverse is hosting its inaugural Pool Party event, unveiling its Jelly Tokens (JLY). The event will kick off on June 11 at 12 PM UTC and will run for 96 hours, or until tokens are sold out. Participants can purchase JLY using SEI tokens, which will then be pooled with additional JLY to establish initial pool liquidity.