The leading #DeFi experience on #Avalanche that offers a full suite of products, helping you to discover what #DeFi can really offer. To date, Trader Joe has facilitated activity for ~2m users and over $88bn in Trading volume
So, why visit Trader Joe?π
π Trade hundreds of Tokens
In just a couple of clicks, you can swifty Trade. The Token List will let you search and explore a fantastic range of projects that are on #Avalanche.
Thanks to the #Avalanche network, your transactions will execute at low cost and at high speed.
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πͺ Earn Trading Fees
Put your Tokens to work in a Liquidity Pool (LP) to earn Trading Fees! Every time a user Trades, they pay a small fee to LPs. This Fee is paid out as a reward for providing Liquidity.
Always wanted that perfect profile picture? Or perhaps you want to experience the fascinating communities being born in Web3? @joepegsnft marketplace is where you can pick up some of the coolest art on #Avalanche
Firstly, you need some $AVAX Tokens on the #Avalanche network. This is straight forward to do by withdrawing $AVAX from any major exchange, such as #FTX, #Binance and #Coinbase.
If, like many others in this space, you have no idea what these token standards actually mean...Look no further, this thread will unravel this mysterious lingo.
So get your reading glasses on, it's time to learn π
#Avalanche and other "smart" blockchains allow developers to code pretty much anything they would want. This allows for unprecedented levels of innovation and creativity.
But it also means that some guidelines are needed for things to be able to interact and work together.
Imagine if Alice and Bob wanted to create their own non-fungible tokens. Without a common pre-agreed standard, they could end up with two very different tokens.
In turn, this would mean that #NFT marketplaces would have to account for both Bob's and Alice's implementations.
Liquidity Book is a next-gen AMM deploying on #Avalanche that introduces a number of new features, such as active and flexible liquidity provisioning.
Understanding the basic strategies offered, will enable you to maximise your yield generating activities.
Lets explore π
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Liquidity Book comes with unprecedented levels of flexibility.
But with great composability comes great power, and it might be easy to get lost in all the options and possibilities.
Thankfully, Liquidity Book provides four liquidity shape pre-sets to suit all strategies.
Normal ππ
Distributes liquidity along the "bell curve", making it similar to the liquidity in order book exchanges. Allows to capture fees from both price increases and decreases, while concentrating liquidity around certain price point.
Trader Joe partners with @LODE_one helping to bring precious metals of the past into the #DeFi of today.
Why are precious metals important?
β’ Gold and silver are stable and have preserved their value over centuries.
β’ USD is unbacked and loses purchasing power every year.
Traders on #Avalanche now have the opportunity to swap into digital backed gold and silver tokens, thanks to @LODE_one
This option opens up new and interesting strategies for portfolio diversification, whilst ensuring users can remain 100% on-chain.
LODE issues three tokens:
$AGX - represents one gram of silver
$AUX - represents one milligram of gold
$LODE - is the native token that pays out yield in AGX based on revenue. The price of LODE is rebalanced using an algorithm, maintaining a ratio relative to the price of silver
Cask recently deployed to #Avalanche and offers users the ability to automate their money flow:
βοΈ DCA in crypto on DEXs
βοΈ Send recurring P2P payments
So what exactly does it mean to 'DCA'?
Lets explore...π
Dollar-Cost Averaging (or DCA) is a well-known strategy in crypto π§
It involves investing the same amount of money into a token at regular intervals. This way, investors can reduce the influence of volatility on their portfolios and avoid trying to time the market perfectly.
Thanks to the recent integration of Trader Joe into the Cask platform, #Avalanche users can now automatically DCA into their favourite tokens.