Key Points
- SEI value surged by over 24% at present, reaching a market cap of over $1.6 billion.
- The crew at Sei introduced that Seiyan ETH and Supeer Seiyan ETH incentives are dwell.
Today, the worth of Sei (SEI) surged considerably and the token reached a market cap of over $1.6 billion.
At the second of writing this text, the SEI token is buying and selling at $0.46, up by over 24% previously 24 hours. Earlier, the coin reached a value above $0.47.
SEI’s ascendant trajectory has continued over the previous month with the token recording a surge of over 30% within the final 30 days.
Yield-Generating Sei Integrations
On September 24, the crew behind Sei revealed in an announcement by way of X that Seiyan ETH and Super Seiyan ETH, the brand new yield-generating LSTs from Nucleus and Dinero have been relentlessly making their approach into the Sei ecosystem.
Nucleus is a yield supplier for networks and Dinero is the yield baseplate of Ethereum.
Sei continued and mentioned that with a brand new integration with Jellyverse, recent incentives at the moment are dwell. Jellyverse is a DeFi ecosystem bringing artificial RWAs to customers.
New Integrations Opportunities
According to their X announcement, Sei’s new integrations permit for the next new advantages:
- New opportunities with Dinero for Seiyan ETH ($sETH) and Super Seiyan ETH ($ssETH), as incentives at the moment are dwell – customers can maintain ssETH or present liquidity with sETH/WETH and ssETH/WETH on Jellyverse to earn DINERO and SEI, together with boosted Nucleus factors.
- New opportunities with Nucleus for ssETH – ssETH might be incentivized with SEI, DINERO, and Nucleus factors as effectively.
Nucleus famous {that a} set quantity of the tokens might be distributed amongst all ssETH holders on a bi-weekly foundation.
It’s additionally price noting that Jellyverse has launched new ETH swimming pools in collaboration with Nucleus and Dinero.
What is Sei (SEI)?
Sei is the primary sector-specific L1 blockchain. It’s a brand new strategy inside the blockchain sector that’s particularly designed to spice up the performance and efficiency of DEXes.
Sei focuses on optimizing buying and selling processes and presents exchanges a major aggressive edge. The platform is designed to fulfill the excessive demand for DEXes.
Sei can also be dedicated to sustainability, aiming for carbon neutrality which helps the rising pattern of crypto in the direction of environmental accountability.
SEI is the native token of the Sei blockchain community.
