DeFi Protocol Jellyverse Joins Sei Network as Launch Partner Ahead Of Its Mainnet Launch

Jellyverse, a comprehensive DeFi ecosystem, has announced its partnership with Sei Network to become one of the first launch partners in Sei’s upcoming mainnet launch. The team statement confirms Jellyverse will launch its native decentralized exchange (DEX), JellySwap, on Sei, bringing novel features such as real-world asset trading to its platform. 

Jellyverse, an official fork of the Balancer protocol, will launch JellySwap once Sei’s mainnet goes live, allowing for several pool designs including weighted pools with up to 8 tokens in any ratio, stable pools for highly correlated assets and many other pool types that are crucial for a new DeFi protocol. In addition, Jellyverse will also launch its staking service, JellyStake, offering users an opportunity to earn additional rewards on the platform. 

Speaking on the upcoming launch, Lipman  the Business Development Lead at Balancer, stated: 

“The Balancer community is thrilled to embark in this partnership with Jellyverse as we join forces to pioneer a new era of Defi innovation on Sei. By leveraging the Balancer protocol and Sei’s unique infrastructure, the talented Jellyverse team will be able to unlock unique opportunities for users and establish itself as a critical piece of Sei’s DeFi ecosystem.”

Jellyverse also plans to introduce jAssets, user-generated tokens backed by cryptocurrencies that reflect the prices of stocks, commodities, or ETFs through real-time price feeds. These synthetic assets will give traders on the platform a wider range of diversification of their portfolios and allow them to participate directly in traditional markets. 

To bootstrap adoption, Jellyverse will airdrop up to 1.7 million $JLY (its native token) to 30,000 users. To get a chance to earn up to 1,000 $JLY tokens, airdrop participants are urged to follow Jellyverse on their social pages and interact on their Twitter, Discord and Telegram pages as well as retweet the Airdrop tweet on X. 

Sei Network rises as the clear winner for JellySwap

According to the team, Sei Network has been the leading blockchain option for Jellyverse due to its efficiency, scalability and high throughput. The blockchain boasts fast block times of 390 ms, making it one of the fastest blockchains. This significantly improves transaction throughput and user experience.

Additionally, the platform has one of the lowest transaction fees, which makes it ideal for new users to join and freely trade. Sei Network’s upcoming upgrade will further lower the fees, making it efficient and attractive for both developers and users.

Notwithstanding, the blockchain enjoys strong backing from established crypto VCs such as Circle and a thriving ecosystem with the introduction of a parallelized EVM. Improvements such as SeiDB also show that Sei v2 is well-positioned for a rapidly expanding ecosystem.

Introduction of real-world asset trading on Jellyverse

One of the most challenging problems in DeFi that Jellyverse aims to solve is the integration of real-world traditional finance assets. Jellyverse aims to build a next-generation DeFi 3.0 ecosystem that makes synthetic tokens available to users. The synthetic tokens on Jellyverse will mirror any given price feed in the real world such as stocks, commodities, precious metals, ETFs and more.

The platform ensures traders can swiftly and efficiently trade with crypto and synthetic real-world assets, with Sei Network providing the essential infrastructure to make trading efficient.