JLY

Jellyverse price
JLY
#5286

$0.02556  

0.97% (1d)

Jellyverse to USD Chart

Loading Data

Please wait a moment.

Jellyverse statistics

Market cap
$2.03M

0.00%

Volume (24h)
$7.42K

50.10%

FDV
$10.22M
Vol/Mkt Cap (24h)
0.3638%
TVL
$26.97M
Total supply
400M JLY
Max. supply
--
Self-reported circulating supply
79.8M JLY
JLY to USD converter
JLY
USD
Price performance
24h 
Low
$0.02531
High
$0.02715
All-time high
Nov 12, 2024 (2 months ago)
$0.1042
-75.47%
All-time low
Dec 28, 2024 (1 day ago)
$0.02492
+2.57%
See historical data


Loading Data

Please wait a moment.

Jellyverse Markets

All pairs

Loading data...

Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure

Jellyverse News

  • Top
    Top
  • Latest
    Latest
CMC Daily Analysis

Jellyverse community

skeleton-white
 
 
 
 
 
 

About Jellyverse

Jellyverse is a comprehensive ecosystem in the decentralized finance (DeFi) sector, overseen by its community through a decentralized autonomous organization (DAO). It focuses on the next iteration of DeFi—commonly termed as DeFi 3.0—which aims to create a sustainable, yield-oriented landscape that integrates protocols with real-world assets. The platform provides several utilities designed to meet a variety of financial needs, all governed by its native token, JLY.

The utilities available within the Jellyverse ecosystem are numerous. They include JellySwap, a decentralized exchange that offers secure and flexible trading options. This exchange has features such as WeightedPools, decentralized indices, and optimized algorithms for stablecoin swaps. It is built to cater to liquidity providers, traders, and developers alike.

Then there is JellyBond, a protocol designed for issuing decentralized bonds to increase liquidity while offering a sustainable yield. Its bonding mechanism is intended to allow users to amplify their returns.

Jelly USD (jUSD) is another integral component, functioning as a yield-bearing stablecoin. Users can earn yield from liquidations and employ its mechanisms to leverage their collateral. The stablecoin is also presented as a store of value.

JellyStake offers a unique approach to staking, incorporating non-fungible tokens (NFTs) to streamline user interaction and provide additional utility. This is part of Jellyverse's effort to establish a more sustainable path for staking mechanisms.

At the center of this ecosystem is the Jelly Token (JLY), serving as both a governance and utility token. Holders of JLY have the ability to participate in governance decisions concerning strategic developments and key parameters within the Jellyverse ecosystem. This includes voting on various protocols and decentralized applications (dApps) that are part of the platform. Additionally, a portion of transaction fees generated across Jellyverse’s protocols are redistributed as rewards to JLY holders who stake their tokens and engage in governance activities.

The utility of JLY extends beyond governance. It plays a role in liquidity mining, staking, and also functions as collateral within the ecosystem. The multi-faceted utility of JLY is intended to encourage active community participation in both governance and the various financial activities available within Jellyverse.

In summary, Jellyverse is a community-governed DeFi ecosystem with a focus on sustainability and yield generation. It incorporates a variety of protocols and utilities, each designed to serve robust use cases that integrate real-world assets. The JLY token serves as the backbone for governance and utility within this system, enabling token holders to actively participate in shaping the ecosystem while benefiting from its utilities. The platform has already launched multiple protocols and plans to introduce more in the future, adding to its existing array of financial services.