Jellyverse, a decentralized finance (DeFi) platform on the Sei blockchain, has introduced jAssets, a synthetic assets protocol that allows users to create synthetic tokens representing traditional real-world assets (RWAs). This addition expands the investment options for DeFi investors and enables them to gain exposure to traditional markets. Using cryptocurrencies as collateral, users can issue synthetic assets like jNVDA (Nvidia), jAAPL (Apple), jTSLA (Tesla), jMETA (Meta), and jMSTR (MicroStrategy). The jAssets system follows an over-collateralized model and integrates decentralized price oracles for accurate pricing. Launching on the Sei Network, jAssets aims to bridge the gap between DeFi and traditional finance while reducing reliance on cryptocurrency volatility.



Other News from Today