[PRESS RELEASE – Vaduz, Liechtenstein, January 21st, 2025]
Jellyverse, a community-driven DeFi platform on the Sei community, immediately introduced the upcoming launch of its artificial property protocol, jAssets. The absolutely decentralized jAssets protocol permits customers to mint artificial tokens that roughly observe the worth of conventional property tied to real-world property (RWA) like shares, commodities, and treasured metals.
This improvement follows a profitable integration vote by the Jellyverse DAO. By locking up cryptocurrencies as collateral, customers can situation jAssets reminiscent of jNVDA (Nvidia), jMSTR (MicroStrategy), jAAPL (Apple), jTSLA (Tesla), and jMETA (Meta), enabling them to diversify their portfolios. This over-collateralized system ensures that the worth of the collateral exceeds the artificial property, sustaining stability and reliability inside the platform.
“jAssets will revolutionize portfolio diversification in DeFi by providing a variety of revolutionary funding methods, together with lengthy, quick, and leveraged positions, which is unprecedented for these asset courses in crypto,” mentioned Benedikt Keck, Co-Founding father of BLKSWN PTE. LTD. “The collateral flexibility permits customers to maximise their positions, whether or not utilizing wETH, wBTC, JLY, SEI, USDC, USDT, FRAX or GEM or a mix of those property as collateral.”
The jAssets protocol gives a number of distinctive options. Customers can mint artificial property utilizing numerous cryptocurrencies as collateral, which offers publicity to real-world property with out leaving the blockchain ecosystem. The platform additionally introduces multi-collateral troves, permitting customers to optimize capital effectivity by using a number of varieties of collateral, together with USDT, USDC, FRAX, wETH, ssETH, JLY, SEI, and wBTC with minimal collateral ratios starting from 110% to 150%.
As well as, the platform advantages from decentralized oracles, leveraging the Pyth Community for real-time, dependable value feeds, guaranteeing correct minting valuations of artificial property. The protocol permits steady 24/7 buying and selling with out the danger of exterior buying and selling halts, empowering customers to keep up full management over their investments.
Launching on the Sei Community, the quickest L1 blockchain with parallelized EVM performance, jAssets goals to offer customers with a seamless buying and selling expertise, that includes low-fee transactions and entry to artificial RWAs. This innovation will improve portfolio diversification for DeFi customers by lowering reliance on cryptocurrency volatility whereas providing publicity to conventional property inside a decentralized ecosystem.
About Jellyverse
Jellyverse is a complete ecosystem and an unique accomplice of Balancer, constructed on the Sei Community. It encompasses a decentralized change (DEX), a staking protocol, and a synthetics protocol, all inside the decentralized finance (DeFi) house. Governance is community-driven via a decentralized autonomous group (DAO), guaranteeing customers have a say within the platform’s improvement. Jellyverse is dedicated to pioneering the subsequent evolution of DeFi, sometimes called DeFi 3.0, by making a sustainable, yield-focused ecosystem. Customers can seamlessly entry a number of protocols, every designed for a particular, strong use case, with an emphasis on integrating real-world property.
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