Jelly Labs AG and Fintonomy LTD have secured $2 million in seed funding from private investors to propel the development of Jellyverse. This innovative platform, spearheaded by the core team behind DeFiChain Accelerator, is set to revolutionize DeFi by integrating real-world assets into its offerings—ushering in the era of DeFi 3.0.
Jellyverse is a comprehensive ecosystem in the decentralized finance sector, focusing on the next iteration of DeFi—commonly referred to as DeFi 3.0. It is initiated by Jelly Labs AG and Fintonomy LTD, the masterminds behind the initial protocols for Jellyverse. This platform aims to create a sustainable, yield-oriented landscape that seamlessly integrates protocols with real-world price feeds. Governed by its native token, JLY, Jellyverse offers a range of decentralized financial services, including decentralized portfolios, bonds, lending, and sophisticated staking alternatives.
Jellyverse’s Unique Approach
While the DeFi industry has made significant strides in digital token interaction, Jellyverse fills a crucial gap by merging real-world price feeds with advanced decentralized finance applications. Built on DeFiMetaChain (DMC), an EVM-compatible Layer-2, Jellyverse takes a groundbreaking approach to interoperability. It acts as a parasitic chain, seamlessly connecting with various blockchains and gathering data to develop cross-chain protocols beyond industry standards.
About the Funding
The $2 million seed funding will be instrumental in supporting the development of Jellyverse. The platform introduces cutting-edge portfolio management by providing self-balancing portfolio pools, allowing investors to diversify their assets while earning yield. This funding signifies a strong vote of confidence from private investors in Jellyverse’s vision and potential to redefine the DeFi landscape.
Jellyverse introduces innovative offerings such as JellySwap, a decentralized exchange with extended functionalities; JellyStake, a decentralized staking protocol; jUSD, a stablecoin based on tested stability mechanisms; and jAssets, user-generated tokens reflecting real-world prices of stocks, commodities, or ETFs. Additionally, JellyBond introduces the first bonding mechanism to DeFiChain, offering amplified yield to token holders.
Decentralized Governance and JLY Token
Jellyverse will be fully developed and governed through an on-chain decentralized autonomous organization (DAO). The native governance and revenue share token, JLY, allows users to vote for strategic decisions and key parameters across Jellyverse protocols. A portion of transaction fees earned across all protocols will be distributed to JLY token stakers.
In conclusion, Jellyverse‘s $2 million seed funding marks a pivotal moment in the evolution of decentralized finance. By combining real-world assets with advanced DeFi applications, Jellyverse is paving the way for DeFi 3.0. With an array of innovative offerings and decentralized governance, Jellyverse is poised to redefine the DeFi landscape and provide users with unparalleled financial opportunities.
What sets Jellyverse apart from other DeFi platforms?
Jellyverse distinguishes itself by integrating real-world price feeds with advanced DeFi applications, filling a crucial gap in the market. The platform offers decentralized portfolios, bonds, lending, and sophisticated staking alternatives, setting the stage for DeFi 3.0.
How will the $2 million seed funding be utilized by Jellyverse?
The seed funding will support the development of Jellyverse, enabling the platform to enhance its offerings, introduce new protocols, and further its mission of creating a sustainable, yield-oriented DeFi landscape.
What role does the JLY token play in Jellyverse?
JLY is the native governance and revenue share token of the Jellyverse ecosystem. Stakers of JLY tokens have the power to vote on strategic decisions and key parameters across Jellyverse protocols, and they receive a share of transaction fees earned across all protocols.