Cryptocurrency

Cardano

Jelly

SpookySwap

Jellyverse

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 <p class="paragraph">Jelly Labs AG and Fintonomy LTD have been working on a way to link real-world price feeds – particularly pertaining to traditional assets like securities and commodities – with decentralized finance applications in an effort to bring about the next phase for the DeFi industry – DeFi 3.0 as it is commonly referred to.</p>
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 <p class="paragraph">The Jellyverse, a comprehensive ecosystem and a key element of the DeFi 3.0 project, has recently secured $2 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> in seed <a rel="noopener noreferrer nofollow" title="funding" href="https://thebittimes.com/tag/funding.html">funding</a> from private investors, according to the latest information shared with <em>Finbold </em>on December 4.</p>
 <p class="paragraph">The platform, built on top of DeFiMetaChain (DMC) – an Ethereum Virtual Machine (EVM)-compatible Layer-2 – functions as a parasitic chain that can seamlessly connect with numerous blockchains and gather data. In addition to gathering the data that is crucial for developing cross-chain protocols, it boasts several major advantages compared to the likes of Ethereum (ETH), such as lower gas fees.</p>
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  <p class="paragraph">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.</p> <cite>Santiago Sabater, the Co-Initiator of Jellyverse</cite>
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 <h2 class="wp-block-heading" id="h-jellyverse-s-initial-offerings">Jellyverse’s initial offerings</h2>
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 <p class="paragraph">Thanks to the successful fund-raising, the Jellyverse is preparing to offer a wide array of initial <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>. The DAO overseeing the ecosystem highlighted jAssets, community-built tokens that are backed by cryptocurrencies and offer price exposure to real-world assets like commodities and stocks in a fully decentralized manner to the users.</p>
 <p class="paragraph">Other notable offerings include JellySwap – a decentralized exchange (DEX) based on Balancer and home to the Jelly Token (JLY) – JellyStake – a staking protocol built for JLY – the JUSD stablecoin, and JellyBond – described as “the first bonding mechanism to DeFiChain” that “offers amplified yield to token holders, while generating protocol-owned liquidity.”</p>
 <p class="paragraph">JLY is described as the native governance and revenue-sharing token that will enable holders to vote on strategic and other important decisions pertaining to the Jellyverse. A part of the transaction fees earned across all protocols will be distributed to stakers of JLY tokens.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/jellyverse-secures-2-million-seed-funding-for-its-quest-to-build-defi-3-0-tbt72547.html">https://thebittimes.com/jellyverse-secures-2-million-seed-funding-for-its-quest-to-build-defi-3-0-tbt72547.html</a></p>

Jellyverse secures $2 million seed funding for its quest to build DeFi 3.0

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TheBitTimes

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