Jellyverse Launches Synthetics Protocol ‘jAssets’ on Sei

[PRESS RELEASE – Vaduz, Liechtenstein, January 21st, 2025]

Jellyverse, a community-driven DeFi platform on the Sei community, right now introduced the upcoming launch of its artificial belongings protocol, jAssets. The absolutely decentralized jAssets protocol permits customers to mint artificial tokens that roughly observe the worth of conventional belongings tied to real-world belongings (RWA) like shares, commodities, and valuable metals.

This growth follows a profitable integration vote by the Jellyverse DAO. By locking up cryptocurrencies as collateral, customers can situation jAssets akin to 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 belongings, sustaining stability and reliability throughout the platform.

“jAssets will revolutionize portfolio diversification in DeFi by providing a variety of modern funding methods, together with lengthy, quick, and leveraged positions, which is unprecedented for these asset lessons 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 belongings as collateral.”

The jAssets protocol presents a number of distinctive options. Customers can mint artificial belongings utilizing varied cryptocurrencies as collateral, which gives publicity to real-world belongings 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, making certain correct minting valuations of artificial belongings. 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 decreasing reliance on cryptocurrency volatility whereas providing publicity to conventional belongings inside a decentralized ecosystem.

About Jellyverse

Jellyverse is a complete ecosystem and an unique associate of Balancer, constructed on the Sei Community. It incorporates a decentralized change (DEX), a staking protocol, and a synthetics protocol, all throughout the decentralized finance (DeFi) area. Governance is community-driven by way of a decentralized autonomous group (DAO), making certain customers have a say within the platform’s growth. 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 selected, strong use case, with an emphasis on integrating real-world belongings.