In todays edition InTheMarket:

→ An analysis of the new DeFiMetaChain project Jellyverse

Read time: 4 minutes

^Hey,

Welcome to the third issue of the InTheMarket newsletter! Today the focus is entirely on one of the newest and most exciting projects in the DeFi world: Jellyverse. Now it's time to dive into the depths of this fascinating project!

What is Jellyverse?

First of all, what is Jellyverse? It is an ambitious project that is emerging on the DeFiMetaChain. It aims to improve the user experience and extend the utility of the Chain by introducing advanced protocols. Jellyverse promises not only a yield farming opportunity, but also a fun and exciting journey into the world of DeFi.

At the heart of this ecosystem are carefully crafted protocols that greatly enhance the usability of DFI, native Jellytoken (JLY), and other tokens. With a maximum supply of 1 billion tokens and an initial distribution of 400 million, JLY's utility is poised to skyrocket.

Here are all the components of the ecosystem explained in more detail:

🌐 Jellytoken (JLY)

The Jellytoken (JLY) is the native token of the Jellyverse ecosystem. It is a versatile utility token that performs a number of functions within the ecosystem.

• Fee payment: users can use JLY to pay transaction fees for services within the Jellyverse ecosystem. For example, this could be fees for trading on Jellyswap or for using protocols such as Jellystake or Jellybond.

• Staking and Farming: JLY can be staked on various protocols to earn rewards. This could be in the form of additional JLY tokens, jUSD or other rewards.

• Governance: in the future, it is planned that JLY tokens can also be used to vote on important decisions in the Jellyverse ecosystem. This could include the development of new features, changes to existing protocols, or the addition of new tokens to the Jellyverse ecosystem.

• Collateral: JLY can also be used as collateral for loans or other DeFi transactions within the Jellyverse ecosystem.

🌐 jUSD

jUSD is a stablecoin used within the Jellyverse ecosystem. It is pegged to the US dollar, providing a stable store of value, making it particularly useful for transactions.

• Credit protocols: jUSD can be used in credit protocols to borrow or lend. This could be useful for a variety of purposes, from funding trading strategies to earning interest.

• Yield Farming: jUSD can be used in various yield farming protocols to generate returns. For example, this could be done by providing jUSD in a liquidity pool on Jellyswap to earn trading fees.

🔄 Jellyswap

Jellyswap is an automated market maker (AMM) at the heart of the Jellyverse ecosystem. It extends the capabilities of DeFiChain's native DEX and provides more flexibility to the DMC developer community. Here are some of the key features that make Jellyswap unique:

• Based on the Balancer Protocol: Jellyswap leverages the Balancer protocol, which enables the creation of a variety of configurations for liquidity pools. These pools can have different token weights and fee structures, giving users greater flexibility in designing their investment strategies.

• Self-balancing portfolio manager: Jellyswap acts as a self-balancing portfolio manager. This means that the protocol automatically monitors the token distribution status in the pool and makes adjustments to ensure optimal distribution. This helps improve the pool's profitability and minimize risks for liquidity providers.

• Supports up to 8 tokens per pool: Jellyswap supports up to 8 tokens per pool. This allows for extensive diversification and improves flexibility for users. With more tokens to choose from, users can better diversify their risks while increasing their return opportunities.

• Create your own pools without community voting: Jellyswap allows you to create your own pools without the need for a community voting process. This gives users the freedom to design their own portfolio according to their specific strategies.

• Low swap fees: Jellyswap offers low swap fees, which reduces transaction costs for users. This makes trading on the platform more attractive and accessible.

Jellyswap leverages the strengths of the DeFiChain ecosystem and builds on them to create a powerful and flexible DeFi tool. With its low swap fees and portfolio management capabilities, Jellyswap will facilitate pool creation and deliver impressive annual returns (APRs).

🔐 Jellystake

JellyStake is the native staking platform for JLY tokens and is positioning itself to become one of the most attractive staking platforms in the industry. Not only does it offer enticing rewards, but it also allows its users to participate in the governance process, giving them a crucial say in the future of Jellyverse.

Some of the key features of JellyStake include:

• Freezing Function: a unique feature of our platform is a "freezing" function. This feature not only increases rewards for users, but also boosts their voting power. When you "freeze" your JLY tokens, they are locked for a certain period of time, giving you higher rewards and increasing your voting weight in the governance process.

• Enhanced Rewards: In addition to JLY token-only rewards, stakers also receive a share of the various fees that occur within the dynamic Jellyverse ecosystem. This may include swap fees, pool creation fees, or other types of transaction fees. This innovative approach provides an additional layer of value and demonstrates our commitment to creating valuable opportunities for our community members.

• By staking JLY tokens on JellyStake, users can reap the many benefits of the Jellyverse ecosystem while supporting the growth and evolution of the platform. With attractive rewards and an active say in key decisions, JellyStake represents an exciting opportunity for anyone involved in the DeFi world.

📜 Jellybond

JellyBond is an upcoming addition to the Jellyverse ecosystem. This innovative protocol not only improves return opportunities, but also promotes what is known as Protocol-Owned Liquidity (POL) at no additional cost to the user. This allows the protocol to own and control some of the liquidity, which can lead to more stability and security.

Some of the key features of JellyBond include:

• Expanding return opportunities: JellyBond will increase the return opportunities for tokens available on Jellyverse, starting with jUSD. This will be achieved through innovative mechanisms that allow users to make the most of their investments

• Dynamic NFTs: JellyBond also introduces a fresh approach to dynamic non-fungible tokens (NFTs). This feature expands the way users can interact with and benefit from the platform. For example, NFTs on JellyBond could be associated with certain privileges or rewards that benefit their holders.

• Protocol-owned liquidity: a key aspect of JellyBond is the promotion of protocol-owned liquidity (POL). POL is a concept where the protocol holds a portion of liquidity in its own pools. This can contribute to the stability of the protocol and protect users from potential risks.

With the introduction of JellyBond, Jellyverse will offer a new dimension of interaction and value to its users. With enhanced yield capabilities, dynamic NFTs, and the promotion of protocol-owned liquidity, JellyBond will play a critical role in making Jellyverse a versatile and user-friendly DeFi ecosystem.

🗺️ Roadmap

The roadmap for Jellyverse is carefully planned and divided into several phases. Jellyverse aims to revolutionize the DeFi landscape by providing solutions that drive usability, functionality, and profitability to create a memorable user experience for you.

Jellyverse will bring significant benefits to DeFiChain by generating significant gas fees, improving the utility of DFI and other tokens, and providing pool opportunities of unprecedented versatility.

The launch of Jellyverse is carefully planned, with a strategic approach in phases beginning with the launch of Jellyswap and Jellystake. In the accompanying infographic, you'll find a preliminary roadmap for the project that gives a broad overview of the expected development.

This roadmap outlines the initial steps and key milestones. Note, however, that this is a high-level overview. More detailed timelines outlining specific goals and their corresponding timeframes will be shared in the coming weeks. Jellyverse remains true to its commitment to transparency and regular updates, ensuring that you stay informed and engaged every step of the way.

Summary

We took a deeper dive into the Jellyverse project and the many exciting features and aspects it offers in the DeFiMetaChain world. From Jellyswap, the automated market maker, to Jellystake, the staking platform for JLY tokens, to Jellybond, the innovative protocol that increases yield opportunities while introducing the concept of dynamic NFTs - it's clear that Jellyverse has a lot to offer.

We look forward to seeing how this project evolves and what other benefits it brings to users and the DeFiChain community. And of course, we look forward to bringing you even more exciting updates and news in the next issue of the InTheMarket newsletter.

Stay tuned for more exciting developments in the world of DeFiChain and Jellyverse! And don't forget to share this newsletter with your friends and colleagues so they can enjoy these exciting developments too. See you next time!

All information were from public sources such as this reddit post

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If you're interested in learning more about AI, particularly on how you can effectively utilize it in your studies or content creation, you might find these two e-books helpful:

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Best regards, Peddy