V2.2 introduces a hook capability for Liquidity Book. The first implementation, Concentrated Incentives, is also live today with $ARB rewards activating ~tomorrow.
More details below (no links in post)
๐ Firstly
As part of the V2.2 Launch there is a new router on Arbitrum and Avalanche that will need to be approved for the first time.
By utilizing a discretized architecture, Liquidity Providers gain full autonomy and flexibility over the liquidity range they deploy, how that liquidity is shaped, and how they manage it moving forward.
โข 9.8k ($350k) $AVAX will be distributed
โข Total TVL ($) Staked accounts for 95%
โข % of Staked Supply accounts for 5%
When will rewards be distributed?
Rewards have been received for this current week, following a brief off-chain calculation process they will be distributed. A further announcement will be made when this happens. Rewards can be claimed directly from staking pool(s).
Over 20 new pairs for onchain limit orders have been added, including many popular #DeFi tokens and community coins on #Avalanche.
Place your orders and trade with automated ease, on your terms and at no cost.
What are onchain limit orders?
By leveraging the discretized architecture of Liquidity Book, swap are executed onchain using Liquidity Pools.
This approach ensures decentralization, no reliance on external oracles and no fees to pay when trading.
There are two types of limit orders ๐
๐ช Place Orders
Accessible from the Trade page by selecting 'Place Order', this limit order feature allows you to execute swaps at your chosen price point.
When you set up an order, your tokens are deposited into a liquidity pool. If the market reaches your specified price, your position automatically converts into the desired tokens, which are then held for you to claim at your convenience.
The Avalanche Foundation have announced a $1m memecoin rush program. Trader Joe will play an integral role, offering users the ability to stake memecoins and earn $AVAX.
Get ready to prove your diamond hands ๐๐
The rush is about to start ...
Memecoins on #Avalanche ๐บ
@AvalancheFDN are committed to nurturing culture and creativity. 'Memecoins' are embraced for their strong brand proposition & loyal community following. They can add depth and diversity to any ecosystem. Trader Joe is aligned in support.
...Soon โข
The TLDR ๐
Expected to launch next week:
โข Single-sided meme coin staking program
โข Points system based on staking activity
โข Multipliers to increase points accrual
โข Weekly epochs with $AVAX airdrops
โข Diamond Hands: Collaborative Goal