TechFlow news: Jelly Labs AG and Fintonomy LTD, developers of Jellyverse, announced they have raised $2 million from private investors to support the development of the Jellyverse decentralized financial services platform.
Jellyverse was initiated by the core team of DeFiChain Accelerator, aiming to integrate real-world assets into the decentralized finance (DeFi) space and build the next generation of DeFi 3.0.
The platform is built on DeFiMetaChain (DMC), an EVM-compatible Layer 2 project, offering decentralized portfolios, bonds, lending, and advanced staking options through innovative protocols such as jAssets. Governance for Jellyverse will be conducted via an on-chain DAO, with its native governance and revenue-sharing token being JLY.
The community team will develop jAssets, enabling users to indirectly participate in traditional financial markets. The platform’s initial products include JellySwap, JellyStake, jUSD, and JellyBond. JLY holders can participate in governance voting and share transaction fees across protocols.
