Jellyverse Secures $2 Million Seed Funding to Propel DeFi 3.0 Development

Jellyverse Secures $2 Million Seed Funding to Propel DeFi 3.0 Development

Companies DeFi News
December 4, 2023 by Editor's Desk
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In a groundbreaking milestone for the blockchain and cryptocurrency sector, Jelly Labs AG and Fintonomy LTD, visionary developers spearheading the innovative Jellyverse protocols, have successfully secured an impressive $2 million in seed funding from private investors. This substantial financial backing signifies a pivotal moment in the evolution of Jellyverse, a cutting-edge platform dedicated to advancing
Jellyverse Secures $2 Million Seed Funding to Propel DeFi 3.0 Development

In a groundbreaking milestone for the blockchain and cryptocurrency sector, Jelly Labs AG and Fintonomy LTD, visionary developers spearheading the innovative Jellyverse protocols, have successfully secured an impressive $2 million in seed funding from private investors. This substantial financial backing signifies a pivotal moment in the evolution of Jellyverse, a cutting-edge platform dedicated to advancing decentralized financial services through its groundbreaking DeFiMetaChain technology.

Jellyverse represents a fusion of expertise from Jelly Labs AG and Fintonomy LTD, both recognized for their instrumental role in the DeFi space, particularly through the DeFiChain Accelerator. This core team has been at the forefront of accelerating the adoption of DeFiChain by deploying state-of-the-art software, executing global marketing campaigns, and strategically advancing business development initiatives. The secured funding is earmarked to propel the ongoing development of Jellyverse, solidifying its position as a key player in shaping the future of decentralized finance.

DeFi 3.0 Unveiled

Jellyverse, initiated by the core team behind the DeFiChain Accelerator, aims to revolutionize the decentralized finance (DeFi) landscape with the introduction of DeFi 3.0. Unlike its predecessors, Jellyverse integrates real-world assets seamlessly into its offerings, addressing a crucial gap in the market. This next-gen platform offers a diverse range of products, including decentralized portfolios, bonds, lending, and sophisticated staking alternatives.

Read more: Top 10 Case Studies: Successful DeFi Projects And Their Token Emission Approaches

DeFiMetaChain Innovation

Built on DeFiMetaChain (DMC), an EVM-compatible Layer-2, Jellyverse leverages a groundbreaking approach to interoperability. Acting as a parasitic chain, DeFiMetaChain effortlessly connects with various blockchains, gathering crucial data for the development of cross-chain protocols. Notably, the platform boasts lower gas fees compared to Ethereum, enhancing its economic viability.

Jellyverse Protocols and Offerings

Jellyverse introduces revolutionary protocols and offerings, such as JellySwap, a decentralized exchange with extended functionalities, JellyStake, a decentralized staking protocol, jUSD, a stablecoin, and jAssets, user-generated tokens reflecting real-world assets. These advancements provide investors with unparalleled opportunities for portfolio diversification and yield generation.

Community-Driven Development

One noteworthy addition to Jellyverse is the community-driven jAssets protocol, allowing users to gain exposure to real-world assets in a decentralized manner. This protocol, developed by a community team, underlines Jellyverse’s commitment to fostering a collaborative and inclusive ecosystem.

Innovative Portfolio Management

Jellyverse pioneers fully decentralized portfolio management, offering self-balancing portfolio pools linked to real-world price feeds. This empowers investors to create complex portfolios and earn yields on a multitude of assets, reinforcing Jellyverse’s commitment to innovation in the DeFi space.

Governance Through DAO

The Jellyverse platform will be fully developed and governed through an on-chain decentralized autonomous organization (DAO). This decentralized governance model empowers developers while the community contributes legal frameworks, guidance, marketing, brand unity, user support, visionary concepts, and fundraising.

JLY Token

At the heart of Jellyverse’s ecosystem is the native governance and revenue share token, JLY. Stakers of JLY tokens play a pivotal role in decision-making across different protocols and decentralized applications (dApps) on Jellyverse. Moreover, a portion of transaction fees earned across all protocols is distributed to JLY stakers, ensuring active participation is rewarded.

A Complete DeFi Solution

Jellyverse emerges as a trailblazing force within the decentralized finance (DeFi) sector, underpinned by its unwavering commitment to innovation and community-driven governance. This comprehensive ecosystem, overseen by a decentralized autonomous organization (DAO), signifies a paradigm shift towards the next iteration of DeFi—commonly termed as DeFi 3.0. By seamlessly integrating real-world assets, Jellyverse aims to create a sustainable, yield-oriented landscape within the decentralized finance space.

At its core, Jellyverse is not merely a platform but a collaborative venture, where developers wield decentralized governance to take proactive measures, while the community contributes expertise in legal frameworks, guidance, marketing, brand unity, user support, visionary concepts, and fundraising efforts. The native governance and revenue share token JLY, lies at the heart of this ecosystem, empowering users to actively participate in decision-making processes and reap rewards from transaction fees across all Jellyverse protocols. As the blockchain and cryptocurrency industry continues to evolve, Jellyverse stands poised to redefine the future of decentralized finance, offering diverse financial utilities and ushering in a new era of innovation and inclusivity.