Trader Joe Integration with LayerZero
Trader Joe Integration with LayerZero, introducing the JOE token as an omnichain token and enabling smooth JOE connection across all chains supported by the Trader Joe DEX.
The next-generation interoperability protocol LayerZero has now converted the JOE token into a “omnichain fungible token” (OFT) standard that will allow users to bridge JOE across Avalanche, Arbitrum, BNB, and beyond.
JOE becomes a native, multichain token that can bridge to other blockchains with a 1:1 ratio by implementing the omnichain fungible token (OFT) standard.
LayerZero leverages on-chain Ultra Light Nodes to deliver light-weight messaging across chains, providing authentic and guaranteed message delivery that meets the demands of an absolute security model, whilst also remaining highly efficient for the end user. Unique to LayerZero’s architecture, applications maintain ownership over their own security configurations via Oracle and Relayer pairings. Trader Joe will utilize industry-standard, decentralized oracle solution, Chainlink.
What does this all mean exactly?
Today, JOE will be bridgeable to Arbitrum and BNB after LayerZero integration. Prepare your JOE tokens for interstellar blockchain travel—another announcement will follow shortly.
Today’s LayerZero integration will link JOE to Arbitrum and BNB. Interstellar blockchain travel requires JOE tokens. once bridging is operational, further information will be given soon.
About LayerZero
About Trader Joe
Trader Joe is a one-stop-shop decentralized trading platform native to the Avalanche blockchain. Trader Joe offers a comprehensive DeFi platform where you can Trade, Lend and Leverage, participate in a Launchpad and shop for NFTs. Visit Trader Joe and discover what DeFi can really offer.
SOURCE: https://joecontent.substack.com/p/trader-joe-integrates-layerzero-joe
