The jAssets in the Decentralization of Real World Assets in Jellyverse

• Jellyverse, backed by $2 million in funding, is leading innovation in DeFi 3.0 by integrating real-world assets in a decentralized fashion.

• The platform, based on DeFiMetaChain, offers advanced products, such as JellySwap and JellyStake, governed by the community through JLY tokens.

Jelly Labs AG and Fintonomy LTD have secured $2 million in funding from private investors for Jellyverse, an advanced decentralized financial services platform built on DeFiMetaChain. Led by the DeFiChain Accelerator core team, Jellyverse has excelled in accelerating DeFiChain adoption through innovative software and business development strategies.

While DeFi has advanced interaction with digital tokens, Jellyverse goes further by integrating real-world assets into its offering, marking the beginning of DeFi 3.0. Offering products such as decentralized wallets, bonds, loans and advanced staking, Jellyverse sets itself apart in the industry.

The platform is based on DeFiMetaChain (DMC), an EVM-compliant layer 2 that acts as an extension of DeFiChain. The DeFiMetaChain stands out for its innovative approach to interoperability and lower costs compared to Ethereum.

The jAssets in Real World Asset Decentralization in Jellyverse

The jAssets are a crucial addition to the platform protocols and play a significant role in enabling users to engage with real-world assets in a fully decentralized manner.

These jAssets follow pricing development based on internal protocol mechanisms. This suggests that the platform employs a specific set of rules and algorithms to determine the value and evolution of these real-world assets .

source: https://twitter.com/jlyvrs

This internal protocol-based approach can add transparency and trust to the process, as users can understand and anticipate how asset prices are determined in the Jellyverse ecosystem .

So, Jellyverse introduces decentralized portfolio management, providing self-balancing portfolio pools with tokens linked to real-world price feeds. Investors can create complex portfolios that generate returns.

Key Jellyverse Offerings

• JellySwap: An advanced DEX based on Balancer. It is the home of the Jelly token and acts as a non-custodian portfolio manager and decentralized liquidity provider.
• JellyStake: A decentralized staking protocol that uses JLY tokens to increase rewards and voting power, feeding off inflation and fees generated in the ecosystem.
• jUSD: A stablecoin backed by LUSD through the Liquity protocol, allowing users to borrow jUSD against various cryptocurrencies.
• jAssets: cryptocurrency-backed user-generated tokens that reflect stock, commodity or ETF prices via real-time feeds.
• JellyBond: A protocol for linking jUSD and jAssets, introducing the first linking mechanism in DeFiChain, offering returns to token holders and generating liquidity.

The platform will be governed by a blockchain DAO, where the community will provide legal frameworks, guidance, marketing and more. JLY, the native token, allows voting on strategic decisions and receives part of the transaction fees.

Source: https://jellyverse.org/

JLY is the native governance and revenue share token of the Jellyverse ecosystem. Users who tokenize JLY can vote on strategic decisions and key parameters across protocols and dApps in Jellyverse. A portion of the transaction fees generated will be distributed to JLY token bettors.

what is Jellyverse?

Jellyverse is a comprehensive ecosystem in the decentralized finance industry (DeFi), overseen by its community through a decentralized autonomous organization (DAO).It focuses on the next iteration of DeFi, commonly referred to as DeFi 3.0, which aims to create a sustainable performance-driven landscape that integrates protocols with real-world price feeds. The decentralized platform offers various utilities designed to meet diverse financial needs, all governed by its native token, JLY.