Jelly Labs AG and Fintonomy LTD Introduce DeFi 3.0 with Real-World Price Feeds
Jelly Labs AG and Fintonomy LTD have collaborated to bridge the gap between real-world price feeds and decentralized finance (DeFi) applications, aiming to usher in the era of DeFi 3.0. The project, known as the Jellyverse, recently secured $2 million in seed funding from private investors.
The Jellyverse is built on top of DeFiMetaChain (DMC), an Ethereum Virtual Machine (EVM)-compatible Layer-2 solution. It acts as a parasitic chain that can connect seamlessly with multiple blockchains and gather essential data for cross-chain protocols. Compared to Ethereum, it offers advantages such as lower gas fees.
Jellyverse merges the pinnacle of past DeFi achievements with a fresh perspective. We present decentralized assets that pioneer a novel way to diversify your crypto portfolio, complemented by self-balancing multi-token pools.
– Santiago Sabater, Co-Initiator of Jellyverse
Jellyverse’s Initial Offerings
With the successful funding, the Jellyverse is preparing to launch several key features. One of these is jAssets, community-built tokens backed by cryptocurrencies that provide price exposure to real-world assets like commodities and stocks in a fully decentralized manner.
Other offerings include JellySwap, a decentralized exchange (DEX) based on Balancer, JellyStake, a staking protocol for the native governance token JLY, JUSD stablecoin, and JellyBond, the first bonding mechanism for DeFiChain that offers amplified yield and generates protocol-owned liquidity.
JLY holders will have voting rights on strategic decisions within the Jellyverse ecosystem and will receive a share of transaction fees earned across all protocols.
Hot Take: Jellyverse Revolutionizes DeFi with Real-World Integration
The collaboration between Jelly Labs AG and Fintonomy LTD marks a significant step towards the integration of real-world assets into the DeFi space. By bridging the gap between traditional finance and decentralized applications, Jellyverse aims to bring about the next phase of DeFi innovation. With its unique features and advantages over Ethereum, such as lower gas fees, Jellyverse has the potential to revolutionize the DeFi industry. The introduction of jAssets and other offerings will provide users with new opportunities to diversify their crypto portfolios in a fully decentralized manner. Keep an eye on Jellyverse as it paves the way for DeFi 3.0.
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