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"Jellyverse Leads DeFi 3: Bridging Decentralization and Tradition"

Coin WorldSunday, Jan 26, 2025 7:19 am ET

1min read

Top 3 DeFi Projects Merging Decentralization and Tradition

Decentralized Finance (DeFi) platforms are blockchain-based applications that offer financial services without the need for traditional intermediaries like banks. These platforms operate on decentralized networks, primarily using smart contracts to execute automated transactions. As we look towards 2025, the convergence of decentralization and traditional finance is expected to grow, with three promising DeFi projects leading the way in offering seamless and efficient asset management.

1. Jellyverse

Jellyverse is a community-focused DeFi platform operating on the Sei Network, recognized as the fastest L1 blockchain with parallelized EVM functionality. It is set to introduce jAssets, a synthetic assets protocol, enabling users to create synthetic tokens that mirror the value of traditional real-world assets (RWAs) like stocks, commodities, and precious metals. Jellyverse aims to be the top RWA DeFi ecosystem, allowing users to issue jAssets such as jMSTR (MicroStrategy), jNVDA (Nvidia), jAAPL (Apple), and jMETA (Meta) by using cryptocurrencies as collateral.

These features provide stability and reliability, crucial for users familiar with traditional investment platforms. Jellyverse is designed to appeal to both professional investors and DeFi enthusiasts, embracing the notion of “DeFi how you want it.” The flexible collateral options empower users to optimize their positions, using JLY, SEI, USDC, USDT, wETH, wBTC, or a mix of these. Collateral requirements range from 110% to 150%.

Crucially, users can engage with RWAs without departing from the blockchain ecosystem, ensuring a smooth transition. The platform utilizes decentralized oracles to provide real-time, trustworthy price feeds via the Pyth Network. It emphasizes ensuring synthetic assets align with real asset price movements in traditional markets, allowing users to anticipate price fluctuations. Given the potential volatility of oracle prices, the platform prioritizes system security to prevent underinsurance. Built on the Liquity lending protocol, prevalent across many EVMs, users can trade around the clock without the risk of external interruptions, maintaining complete control over their investments.

Jellyverse is setting the stage for the next evolution of DeFi, often referred to as DeFi 3

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