ARTICLES
TWITTER THREADS
LINKS
- Website - https://traderjoexyz.com/
- Twitter - https://twitter.com/traderjoe_xyz
- Discord - discord.gg/traderjoe
- Youtube - https://www.youtube.com/c/TraderJoeXYZ
- Telegram - http://t.me/traderjoe_xyz
- Medium - https://traderjoe-xyz.medium.com/
WHAT IS IT
Trader Joe is the leading DEX (decentralized exchange) on the Avalanche network. It’s a one-stop shop for everything DeFi related, lending, borrowing, staking, farming, trading, leveraging and even more after their most recent tokenomics update which I will cover below. Trader Joe has one of the cleanest UI/UX out there. They are extremely informative and provide everything you need to know about how to use the protocol (will link these at the bottom).
Brand Values
What does the Trader Joe brand stand for?
- Community first approach
- Innovation, speed and safety
- DeFi accessibility & freedom for all
The Core Brand Values
- Provide a one-stop-shop DeFi experience, for everyone
- Stay lean and agile, build with speed and never compromise on safety
- Innovate at the frontier of DeFi and push boundaries for the betterment of the community
Trader Joe is branded amazingly with their well-known farmer Joe. He’s a friendly guy who puts in honest work and innovates in the DeFi industry to bring you the highest APR’s, APY’s and opportunities. You will see memes of Joe everywhere you look in Avalanche.
FARMING
Trader Joe has some enticing farms and is always consistently adding new ones with partners and people who are launching on the Avalanche network. Below you can see some of the boosted farms in which you can earn $JOE as well as other tokens depending on the pair you use.
Here you can see the additional farms Joe has. Both $JOE specific farms as well as stablecoin farms with anywhere from 7-35% APR’s.
TOKENOMICS
Token Distribution
$JOE is the governance token. It also is used to reward it’s holders with revenue share. 0.05% of all trades as well as a % from lending interest and liquidations are paid to $sJOE stakers.
There are no presales, pre-listing, or private sales allocations of the $JOE token. $JOE token distribution follows a fixed supply, decaying emission model. All tokens are distributed according to emmision schedule even team funds and treasury funds.
Trader Joe recently updated their tokenomics and added even more utility to their $JOE token. They announced the addition of $sJOE, $rJOE, and $veJOE. You can stake your $JOE tokens in each of these different pools or all 3 pools at the same time, up to the user. Each pool has its own utility and gives you multiple ways to benefit from your $JOE. Farmer Joe has indeed been hard at work.
$sJOE - For Stablecoin Enjoyors
By staking your $JOE for $sJOE users are rewarded with a share of the platform revenue generated paid out in the stablecoin $USDC. For every single swap on Trader Joe, a .05% fee is charged by the protocol and converted into $USDC.
These USDC yields are claimable daily. There are no fees to unstake from $sJOE. However, there is a deposit fee that scales up to a max of 3% based on the demand at the current period of time for $sJOE staking. This deposit fee is designed to prevent over-saturation and is paid in $JOE tokens and distributed to existing $sJOE stakers.
$rJOE - For New Project Hunters
By staking your $JOE for $rJOE users gain access to Rocket Joe launches. This is a non-transferable token and is exclusively earned via staking $JOE. Rocket Joe aims to position Trader Joe as a sustainable launch pad for new protocols with their unique tokenomics.
By accumulating $rJOE users will participate in Rocket Joe launches by spending their $rJOE tokens which represent allocation credits. These launches are essential ICO/IDOs and give users access to new projects at much lower prices.
PHASE 1 - When a project launch opens for deposit users exchange their rJOE to gain access to the launch pool. After that users can deposit $AVAX to the launch pool dictated by how much $rJOE they stake. Users will then be allocated a % of the pool based on their $AVAX deposit.
PHASE 2 - There is a 1 day period where users can withdraw their tokens at a fixed fee of 20% if they aren’t happy with the price of the issuing protocol token. See here for price discovery details and run down - https://docs.traderjoexyz.com/main/trader-joe/rocket-joe/price-discovery
PHASE 3 - Users receive LP tokens comprised of their AVAX + the issuing protocol token. These are locked for 3-7 days.
$veJOE - For The Yield Farmers
By staking your $JOE for $veJOE users will continuously accrue $veJOE at a constant rate. $veJOE provides a Farm Boost to $JOE rewards, on select farms. The farm boost rewards will be determined by the amount of $veJOE you have. You can earn a maximum of 100x your current staked $JOE in $veJOE.
- If you Stake 1 JOE, you can earn 100 veJOE over 365 days
- If you Stake 10 JOE, you can earn 1000 veJOE over 365 days
$veJOE holders can increase their $JOE yield farming rewards by up to +150% (2.5X). The more $veJOE you have the higher your rewards.
Users can also boost their $veJOE accrual by topping up the $JOE they have staked with an additional 5% every 15 days. Topping up every 15 days will activate the $veJOE boosting increasing the amount you are earning (boost only lasts 15 days).
TEAM
The team isn’t fully doxxed however I can say that I have followed and used Trader Joe for quite a while now and they are all extremely community-driven, always hosting AMA’s, educating people via mediums etc. I have heard them speak about their vision and why they created Trader Joe and from what I can tell it’s very authentic and as far as the team not being fully doxxed goes always DYOR but I feel confident with them.
INVESTORS
