Jellyverse, a DeFi platform and exclusive partner of Balancer on the Sei blockchain, has launched a new decentralized exchange (DEX) as it aims for further growth in the decentralized finance space.

The Jellyverse team announced the new ecosystem through a press release. Key features include a DEX protocol called JellySwap, a staking solution named JellyStake, and a synthetics protocol referred to as jAssets.

Jellyverse Integrates DeFi 3.0 Tools

The decentralized finance market is experiencing a resurgence following the last bear market cycle. As the cryptocurrency industry advances in lending, staking, and real-world assets, Jellyverse aims to offer new ways for the community to diversify their portfolios.

DeFi 3.0 is the goal, with tools such as jAssets, the DEX protocol JellySwap, and JellyStake being crucial to this strategy.

JellySwap

JellySwap is a Balancer-friendly fork that introduces ‘WeightedPools’ and supports up to eight different tokens. It also offers ‘composable stable pools,’ allowing users to customize their investment ratios with up to five tokens per pool.

JellyStake

JellyStake provides an opportunity for stakers to earn rewards, offering another avenue for portfolio diversification within the DeFi space.

jAssets

jAssets is a synthetics protocol that allows users to create tokens and track price feeds of real-world assets, including stocks and commodities.

“Our mission is to redefine DeFi by connecting it with real-world assets, ensuring robust and sustainable growth regardless of market trends,” Santiago Sabater, co-founder of Jelly Labs AG, stated.

The DeFi 3.0 tools aim to enable a new path to portfolio diversification in the crypto market, according to Sabater.

Jellyverse Unveils Inaugural Pool Party Event

To mark this milestone, Jellyverse has planned a new token offering for the community. The platform’s first Pool Party event will commence on June 11 at 12 pm UTC, providing a unique opportunity for users to acquire Jelly Tokens ($JLY).

Interested community members can purchase SEI tokens, which will then be pooled with JLY to generate the first liquidity pool. The offer will be open for four days or until the JLY tokens run out.

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