Jellyverse, a platform recognized for its superior decentralized monetary companies, introduced as we speak in Vaduz, Liechtenstein, that it’s going to be part of the Sei Community because the official fork of Balancer.
As Sei Community gears up for its mainnet launch, Jellyverse is ready to be among the many first decentralized exchanges (DEXes) within the Sei ecosystem, offering customers with a complete DeFi platform from day one.
Modern options and collaboration with Balancer
The native DEX of Jellyverse, JellySwap, will supply customers a characteristic set an identical to Balancer on the mainnet launch.
Using Balancer’s structure, JellySwap will assist numerous pool designs, together with weighted swimming pools with as much as 8 tokens, secure swimming pools for extremely correlated belongings, and extra.
Moreover, Jellyverse will introduce JellyStake, a decentralized staking protocol providing actual yields and a totally decentralized governance mannequin. Lipman, Enterprise Improvement Lead at Balancer, expressed enthusiasm for this partnership, emphasizing the mixed efforts to drive Defi innovation on Sei.
Sei Community’s infrastructure benefits
Sei Community’s infrastructure is central to Jellyverse’s operations, offering the mandatory velocity and effectivity for buying and selling crypto and artificial Actual-World Property (RWAs).
With a block time of simply 390 ms promised by Sei v2, the community goals to boost transaction throughput considerably and enhance consumer expertise.
Furthermore, the community’s low charges and powerful backing from main crypto buyers like Circle Ventures make it a beautiful platform for builders and customers alike.
DeFi 3.0 and integration of conventional monetary belongings
Jellyverse is pioneering the following technology of decentralized finance—DeFi 3.0—by integrating conventional monetary belongings with digital token know-how.
Their choices embrace artificial tokens that mirror real-world value feeds from shares, commodities, and ETFs, enabling DeFi customers to have interaction with a broader vary of asset courses.
As conventional monetary establishments like BlackRock transfer in direction of tokenized belongings, Jellyverse is well-positioned to include this new token variety into its ecosystem.
Upcoming choices and group engagement
Jellyverse plans to introduce a number of key choices on its platform. These embrace JellySwap, a cutting-edge DEX with functionalities primarily based on Balancer; JellyStake, a decentralized staking protocol the place customers can stake JLY tokens; and jAssets, user-generated tokens that mirror the costs of conventional monetary belongings.
Moreover, Jellyverse introduced an airdrop of as much as 1.7 million JLY tokens to encourage group participation and engagement by social media platforms and messaging apps.
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