Thread by @FrankVeFarmer

A thread on the benefits that $JOE wars and Farmer Frank will have on @traderjoe_xyz 🧵👇👨‍🌾

@traderjoe_xyz /1 Only 14 days passed since #veJOE went live, yet its success can be seen by the over 35 millions $ staked. Farmer Frank is ready to join the Joe wars to help #TraderJoe LPs maximizing their returns.

@traderjoe_xyz 2/ Providing liquidity to TraderJoe has always been a good way to earn yield, but with recent updates it has become more complex to find the right strategy. Frank makes it simple for farmers to get the most lucrative returns 💰

@traderjoe_xyz 3/ veJOE staking option allows JOE stakers to profit from boosted APRs on TraderJoe. The higher your veJOE Share the higher your share of the Boost Rewards. Read more here:

https://twitter.com/FrankVeFarmer/status/1508539871165571075

@traderjoe_xyz 4/ It’s basically impossible for individuals to capture a significant stake in veJOE, thus receiving a significant boost. Frank fixes this. It allows anyone to benefit from their boosted farms. 🚀

@traderjoe_xyz 5/ If individuals fight each other over veJOE dominance, no one will get close to the 2.5x boost (maximum). If a single entity owns all the veJOE the boost would be optimal at 2.5x.

@traderjoe_xyz 6/ As already seen with @CurveFinance and @Platypusdefi wars, friendly protocols accumulating ve version of a certain token end up giving a huge support to the governance token of the protocol itself. What would be the case for JOE? 💎

@traderjoe_xyz @CurveFinance @Platypusdefi 7/ As Frank does not have a governance token (yet), the only way to interact with our protocol is by buying our fNFT bonds with JOE. Such JOE will be blackholed into sJOE and veJOE. This means that we are removing JOE from the circulating supply forever.

@traderjoe_xyz @CurveFinance @Platypusdefi 8/ This will surely help diminishing the selling supply of JOE, leading to a very likely increase in its price. 📈

@traderjoe_xyz @CurveFinance @Platypusdefi 9/ Once Frank captures a high stake in veJOE dominance, we will be releasing Farmer Frank Farms. These farms will allow our protocol to act as a veJOE holder proxy for the end user, enabling him to benefit from Trader Joe’s boost without actually having to own any veJOE tokens.

@traderjoe_xyz @CurveFinance @Platypusdefi 10/ Furthermore, our farms will automatically auto-compound rewards daily, further optimizing upon Trader Joe’s yields. These increased returns will help driving liquidity from other protocols to Farmer Frank, thus Trader Joe. 🔁

@traderjoe_xyz @CurveFinance @Platypusdefi 11/ This increased liquidity will obviously be beneficial to Trader Joe, bringing less volatility and more market-making efficiency. Farmer Frank’s vision is highly aligned to Trader Joe’s. Our goal is to provide the best rewards for farmers and drive liquidity to both protocols.

@traderjoe_xyz @CurveFinance @Platypusdefi 12/ This means that once veJOE will obtain governance power, we will actively participate by voting what is more beneficial to liquidity, i.e. representing all liquidity providers. There will be no veJOE whale who will vote for what is more lucrative to him. 🐋

@traderjoe_xyz @CurveFinance @Platypusdefi 13/ Us voting for what is more beneficial to the ecosystem will further help Trader Joe foster in the long term.

@traderjoe_xyz @CurveFinance @Platypusdefi 14/ The key difference between Farmer Frank and all other protocols trying to accumulate veJOE stands within the fact that we won’t have a governance token at launch. 🏛️

@traderjoe_xyz @CurveFinance @Platypusdefi 15/ We took this decision as we believe that the best way to capitalize on veJOE is by solely concentrating on that goal. Without a token we don’t have to worry about liquidity, distribution, …

@traderjoe_xyz @CurveFinance @Platypusdefi 16/ Furthermore, this allows us to distribute all revenue generated by the protocol to investors who actually help our protocol obtaining veJOE: Bond holders. 🤝

@traderjoe_xyz @CurveFinance @Platypusdefi 17/ In exchange for their JOE, bond holders will be entitled to receive part of our protocol’s revenue forever. This perpetual payment is designed to increase through time, as revenue also gets compounded by the Frank Treasury.

@traderjoe_xyz @CurveFinance @Platypusdefi 18/ Bond holders will also have different benefits. For example, the more bonds a user holds, the closer his farm boost will be to the maximum one. Users will be able to sell their bond on a secondary market, which will enable them to liquidate their position. 💧

@traderjoe_xyz @CurveFinance @Platypusdefi 19/ By delaying the release of our native governance token we believe that we can direct our full focus to our primary goal: accumulating veJOE and optimizing TraderJoe boosted farms. This innovative mechanism will hopefully help us stand out from all other veJOE competitors!

@traderjoe_xyz @CurveFinance @Platypusdefi 20/ The Farmer Frank launch is just around the corner, so follow @FrankVeFarmer for the latest news!🔺 #avax #avalanche #yieldfarm