Thread by @DeFianceCapital

DeFiance Weekly Portfolio Highlights (Trader Joe $JOE)

Today, we would be sharing more about @traderjoe_xyz, the one-stop decentralized trading platform on the #Avalanche 🔺 blockchain.

A thread🧵

1/14
Trader Joe might have started out as a fork but has gone on to exceed expectations by innovating on new products while building a loyal community and brand

2/13

The Trader Joe team has done so by delivering on their public roadmap, staying accountable to their community and having a strong focus on user experience.

traderjoe-xyz.medium.com/the-trader-joe…

3/13

TraderJoe currently has the deepest liquidity and highest volume amongst DEXes built on the C-Chain (outside of stableswaps like Curve and Platypus), making it the best location to trade on #Avalanche 🔺
defillama.com/protocols/dexe…

4/13

Banker Joe

Trader Joe’s next product was the Banker Joe money market. This allowed users to lend assets for yield, borrow to short, or leverage long all in one platform

traderjoe-xyz.medium.com/banker-joe-fle…

5/13
Rocket Joe

Next was the Rocket Joe launchpad, which has unique features like POL & a fairer price discovery mechanism. So far, they have done 6 successful launches

traderjoe-xyz.medium.com/rocket-joe-lim…

6/13
Joepegs

Trader Joe then launched an #NFT marketplace that will feature a feature-rich launchpad and different collection tiers. Users can also look forward to the launch of TraderJoe’s very first NFT project 👀

https://twitter.com/cryptofishx/status/1521903617690669056

7/13

These products play into the utility of the $JOE token.

Users who wish to share the revenue of $AVAX's leading DEX can stake $JOE tokens for sJOE, which pays the platform revenues to stakers

traderjoe-xyz.medium.com/trader-joe-the…

8/13

Users, protocols and DAOs could also stake $JOE tokens for veJOE, which would give a boost in yield farming rewards. Given Trader Joe’s dominance in liquidity, this is a case where Curve’s e-model could work well in distributing incentives

9/13

Users looking to get in early into new projects could also stake $JOE for rJOE. Users can submit rJOE to enter new launches, which unlocks the ability for the user to deposit AVAX into launch pools.

10/13

Check out this tweet to learn more about how you can use your $JOE tokens.

https://twitter.com/traderjoe_xyz/status/1530282653596934145

11/13

Indeed, the past few weeks have been tough for the entire crypto community but remaining focused and keeping the innovation cycle going is more important than ever.

https://twitter.com/traderjoe_xyz/status/1524300212034236416

12/13

We will continue to back the strong team of builders at Trader Joe and we look forward to using the new features of Joepegs and trading on the revamped version of their AMM.

https://twitter.com/traderjoe_xyz/status/1524662361369747456

13/13
TLDR

Trader Joe has been a stalwart of #Avalanche 🔺 DeFi by building a feature-rich one-stop trading platform.

They are not stopping here, with the recent launch of their @joepegsnft #NFT marketplace and the imminent revamp of their AMM design.