About Trader Joe

Founded in June 2021 by 0xMurloc and Cryptofish.

The origins of Trader Joe were born from a blended desire, to create a unique and truly innovative trading platform that would resonate with the emerging superiority of the Avalanche blockchain, whilst also serving a global and burgeoning audience at the frontier of the decentralized finance industry.

Since launching, the platform has attracted over $1.5bn in assets and has gained backing from some of the most widely recognized investors in the industry.

What is Trader Joe ?

Trader Joe is an AMM DEX (decentralized exchange using AMM mechanism) on the Avalanche platform. Trader Joe is considered a fork of Uniswap because of its superior features and upgrades.

The goal of the project is to build a trading platform that provides users with a true ‘one-stop-shop‘ DeFi experience.

Trader Joe aims to:

Community first approach
Innovation, speed, and safety
Defi accessibility & freedom for all

Features on Trader Joe

Initially, Trader Joe developed the AMM feature, allowing for regular token swaps. After a period of strong development, Trader Joe now provides a lot of DeFi features on the same platform such as Trade, Farm, Stake, Lend, Launch, Shop…

Trade: The exchange is an automated market maker (AMM) that helps users swap between two tokens.

A special feature is the integration of the price chart, which allows you to see the price movement directly.This is a real boon and makes swaps more user-friendly.

Pool : You can provide liquidity to different pools.

To add liquidity, you must deposit a pair of tokens, with the same value for each token. In return for this currency pair, you will receive LP tokens, which will represent the value of your deposit in the liquidity pool.

By adding liquidity, you allow other users to swap tokens that you have deposited. You are rewarded for receiving transaction fees.

There is also a “ZAP” feature that allows you to deposit only one asset to a pool. The protocol will automatically convert the value of your deposit and split it into two assets. This avoids multiple transactions and associated fees.

Farm : After your liquidity is deposited, you have LP tokens. Using these tokens for yield farming is a way to increase your profit and yield

In exchange for LP token deposit you will get JOE. Each pool has its own APY, which is higher when the protocol needs to attract liquidity in a particular token pair.

Stake : You can stake your JOE to get other JOE coins. Profits come from the liquidity incentives and fees generated by operating on the platform..

Lend:Users will be able to lend and borrow tokens from Trader Joe, to make profits or increase their trading leverage

Launch: area for participating in launch events for newly released Tokens

NFT: Where to buy or sell digital assets (NFT)

Trader Joe’s Highlights

Trader Joe offers all the functions of a modern DEX, a user-friendly interface combined with fast and cheap transactions.

Users can provide liquidity by participating in one of its yield farms and earning JOE as a reward token, which can later be staked and used to vote on governance proposals.

The lending protocol allows users to borrow and lend money in a zero-custodial manner. In addition, users can also open leveraged positions on their offered or borrowed funds.

Trader Joe will add some new options to convert the project into the main DeFi platform in the Avalanche ecosystem such as adding utilities such as placing limit orders,options trading, futures trading on its DEX platform.

Thanks to the pace of innovation and strong brand, Trader Joe has attracted strong supporters from within the DeFi community.

Token JOE

JOE tokens will be used to:

Governance: is a governance token that allows holders to vote on community proposals.
Reward: As a reward for token holders (Staker, Farmer, Provider LQ)

Trader Joe uses not only JOE, but also a number of other tokens, which are:

sJOE: Stake JOE to get sJOE and allow USDC reward. The rewards are distributed about once per day and you can harvest at any time.
veJOE: Increased APR in Farming, as well as the longer the lock time, the greater the admin rights.
rJOE: Used to participate in Rocket Joe Launch – Launchpad platform on Trader Joe.

*Key Metrics JOE