CAI’s second constituent: JOE

Published on: 25.08.2022
CAI’s second constituent: JOE

CAI’s second constituent: JOE, CAI, Colony Avalanche Index, is the benchmark for Avalanche investors.

It will include the native token AVAX and JOE (Trader Joe).CAI’s second constituent: JOE

A « blue chip » in the Avalanche ecosystem

Since late August 2021, Trader Joe has rapidly expanded to reach $3.4 billion TVL locked in November 2021, earning the distinction of being a “blue chip” in the ecosystem.

Trader Joe has also facilitated over $88 billion in deals since its introduction, producing $265 million in income for liquidity providers and token holders.

Unlocking $JOE utility

The JOE ecosystem provides users with ‘Modular Staking’. Modular staking offers all users additional utility for the JOE Token.

The staking options you have with JOE and associated rewards:

  • rJOE: Unlock the ability to participate in Rocket Joe (Liquidity Launch platform).
  • sJOE: Earn Stablecoins that are distributed from accrued trading fees on the platform.
  • veJOE: Receive boosted yield from JOE rewards in selected Farms + rececive

This is just the beginning. Trader Joe will open an exciting new chapter for Decentralized Exchanges! 

Trader Joe’s Joe V2 protocol incorporates a “Liquidity Book” to increase capital efficiency via focused liquidity and a variable charge that fluctuates in reaction to market volatility to mitigate liquidity providers’ risks. Concentrated liquidity will enable liquidity providers to charge more with less. Liquidity Book aggregates constant sum price bins into a market. Trader Joe hopes to implement limit orders to Joe V2 soon.

Trader Joe has been hard at work, toiling away to push the frontier of DeFi with new innovation. Just under one year, Trader Joe has delivered several innovative features, and with the roadmap ahead one can only see how committed Trader Joe is to scaling and continuing to deliver the greatest added value to its users and investors.

About Trader Joe

Trader Joe is a one-stop-shop decentralized trading platform native to the Avalanche blockchain. Trader Joe builds fast, and securely and aims to serve the community at the frontier of DeFi. Maximize your yield generating activities under one fully integrated roof, providing you with a unique, innovative, and highly accessible DeFi experience.

Website | Twitter

About CAI Colony

Colony deploys capital within Avalanche on early stages projects, provides liquidity to DeFi protocols, validates networks through stacking capabilities and will maintain an Index on top Avalanche projects.

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