Joe Spaces | EP1 | 🎭 - Wrap Up 🧡

Check out the highlights below from the latest #JoeSpaces

Thank to our guests:
β€’ @asimfiles and @NickSanschagrin from @ChainstackHQ
β€’ @LODE_one
β€’ @jonjonclark from @float_shipping
β€’ @ZooEcosystem
β€’ @jeffthedunker from @VesperFi Image
πŸŽ™οΈ @ChainstackHQ

The Future of DeFi
Chainstack offers a leading suite of services, connecting devs to Web3 infrastructure. Their mission is to bring together Web3 for all. Chainstack are heavily focused on #Avalanche as they view #Subnets as a huge growth prospect for the eco.
πŸŽ™οΈ @NickSanschagrin

Why is Avalanche different?
β€’ @avalabsofficial support is fantastic
β€’ Subnet proposition is very promising and the recent updates eg Banff, make it even more compelling
β€’ @ChainstackHQ aims to power as many subnets as possible
πŸͺ™@LODE_one

β€’ Metals backed monetary system
β€’ $AGX + $AUX Silver + Gold tokens
β€’ 100% backed, audited and insured
β€’ Real commoditized assets on #Avalanche
β€’ Physical Gold/Silver on #Avalanche offers portfolio diversification options with an inflation resistant asset class
πŸͺ™@LODE_one

β€’ Native token: $LODE
β€’ Regular payout in form of $AGX token every 52 days
β€’ Impressed by the support of #Avalanche and #TraderJoe
β€’ Aiming to be the most innovative players in the precious metal space, also developing a unique NFT Marketplace Image
πŸ¦“ @ZooEcosystem

Zoo Games Platform
β€’ Multichain gaming protocol platform
β€’ Players get an accessible and fun experience
β€’ Devs get a platform that makes it easy and smooth to integrate games to the blockchain
β€’ Multichain hub: one account to connect to multiple EVM networks Image
πŸ¦“ @ZooEcosystem

Zoo Racer Game
β€’ Zoo Racer is a 3D battle kart game
β€’ Think Mario kart, but combat arena style
β€’ Beta v2 live and playable now πŸ”₯
β€’ Play 20 rounds to be eligible for a future airdrop + Trader Joe Turbo Tractor NFT Skin! Image
❄️ @float_shipping

β€’ Float Arctic deploying soon
β€’ More Modular, powerful and scalable
β€’ Stable leveraged tokens in a fully decentralized way
β€’ Float pool will jump sides in market based on long/short imbalances while earning funding rate
β€’ Removes scaling issue from alpha
❄️ @float_shipping

β€’ Audit competition: November 2nd $10K prizeπŸ†
β€’ AP Morgan sailing club NFT collection
β€’ AP Morgan is the mascot at Float
β€’ The NFT collection will be a customizable, users can pick and choose attributes and it will come with utility!
β€’ @joepegsnft soon Image
πŸ”΅ Vesper Finance

β€’ Defi #RealYield aggregator
β€’ Only use bluechip protocols with top audits/security records
β€’ Every Vesper Strategy is fulled audited
β€’ One click single sided strategies only
πŸ”΅ Vesper Finance

β€’ Expanding products by integrating directly with partners such as @_ThorFinancial @ArableProtocol and @SavvyDefi
β€’ Focus on protocols that want to put their treasury to work
β€’ Goal is to have universal DeFi middleware
Sorry folks, forgot to credit the Intern and now the Intern is moaning at me...Thanks to the Intern for the notes 🐣

Such a gud Intern @traderjoeintern

β€’ β€’ β€’

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Keep Current with Trader JoeπŸ”Ί | New AMM Soon πŸŒŠπŸ“˜

Trader JoeπŸ”Ί | New AMM Soon πŸŒŠπŸ“˜ Profile picture

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More from @traderjoe_xyz

Oct 27
Liquidity Book: Feature Overview #3 πŸŒŠπŸ“˜

Surge Pricing is a feature that applies a dynamic fee to Trades, this mitigates the impact of IL, helping to protect Liquidity Providers. Dynamic fees are innovative for AMMs and Liquidity Book is pioneering a novel way to do it... Image
The Liquidity Book #AMM comes with a novel designed Volatility Accumulator. This mechanism measures instantaneous volatility during Swaps, without relying on outside oracles, or complex calculations that can often lag.
Having an accurate volatility measure allows Liquidity Book to change swap fees accordingly:

πŸ“‰ Decrease fee
If volatility is low and there is little risk of IL

πŸ“ˆ Increase fee
If volatility is high and LPs need protection again IL
Read 6 tweets
Oct 26
Liquidity Book: Feature Overview #2 πŸŒŠπŸ“˜

πŸ—‘οΈLiquidity Book's innovative bin architecture will result in price impact reduction for all swaps

πŸ“Š This helps Traders get the best possible prices for their tokens

⬆️ Lower cost Trades also help to capture more Aggregator volume Image
Discretized bins use a constant sum formula, as opposed to a constant product (x*y=k) formula. Prices on LB are derived from an active bin, if there is enough liquidity in a bin the swap can execute with zero price impact, thanks to the constant sum that is active in the bin.
Bins are particularly beneficial for swaps between stable coins and other pegged assets, as their prices are expected to be equal to each other most of the time, so trades will likely execute in the same bin (providing there is enough Liquidity).
Read 4 tweets
Oct 25
Liquidity Book: Feature Overview #1 πŸŒŠπŸ“˜

Liquidity Book significantly enhances capital efficiency over conventional DEXs using the x*y=k AMM. Better capital efficiency, results in larger profits for Liquidity Providers.

Lets explore an example below πŸ‘‡ Image
Depositing $100 of liquidity into a tight range, can behave and earn the same as $1000 in a conventional x*y=k AMM.

LBs innovative design even allows for up to 4000x capital efficiency, turning $100 into $400k...#BecauseBins Image
Concentrating your Liquidity into a tight formation does come with a risk of the IL but can result in big gains, for example, on stablecoin pairs.

Capital efficiency also enhances the experience for Traders, reducing slippage and swap rates...We'll explore that more tomorrow 🫑
Read 4 tweets
Oct 23
ERC-20, ERC721, ERC1155...

...ERC-WTF are you talking about?🀷

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 πŸ‘‡
#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.
Read 12 tweets
Oct 23
πŸ‘ Welcome to Trader Joe

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?πŸ‘‡
πŸ“Š 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.

πŸ”Ί
πŸͺ™ 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.

LPs come with some risk, Learn more here: help.traderjoexyz.com/en/trader-joe/…
Read 10 tweets
Oct 21
Part 2: Advanced Strategies

This is the 2nd of a 2 part series exploring the flexible strategies you can deploy on the Liquidity Book AMM.

Understanding the strategies that are accessible to you, will enable you enhance your yield farming efficiency.

Lets explore πŸ‘‡

πŸŒŠπŸ“˜ Image
Ranged Limit OrdersπŸŒŠπŸ“˜

Users can use single-sided one-bin spot liquidity to place "limit orders" outside of the current price.

Once the price reaches these bins, liquidity in them will be converted from one token to another. Image
Ranged Limit OrdersπŸŒŠπŸ“˜

Advantages:
βœ…Buy/sell tokens at prices you want
βœ… Withdraw/change your order at any time

Drawbacks:
❌Doesn't earn fees while inactive

Considerations:
❓ Require withdrawing to prevent converting back
Read 12 tweets

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