Joe Spaces | EP2 | πŸ“œ - Wrap Up 🧡

Check out the highlights below from the latest #JoeSpaces

Thank to our guests:
β€’ @DeltaPrimeDefi
β€’ @Galxe
β€’ @THORSwap
β€’ @steadefi
πŸŽ™οΈ @DeltaPrimeDefi

DeltaPrime is a highly innovative #DeFi protocol coming to #Avalanche with a unique value prop. Users can take out undercollateralized loans in a trustless way.

Two Types of Users:
🐬 Deposit an asset to earn yield
πŸ‹ Borrow up to 4-4.5x your collateral πŸ”₯
πŸŽ™οΈ @DeltaPrimeDefi

To prevent users from depositing, borrowing more and running off...Borrowed assets are held in 'smart contracts' that can be used with integrated dApps only.

πŸš€ Launch: Early December!
πŸŽ™οΈ @THORSwap

Thorswap connects Thorchain to liquidity protocols, such as TraderJoe. Resulting in the ability for users to swap their native coin on a supported chain directly to any token available on TraderJoe in just one transaction.

⚑1 click seamless cross-chain swapping
πŸŽ™οΈ @THORSwap

⛓️ The innovative approach taken removes the problem of requiring multiple liquidity pools across chains

⚑With Thorswap, users get a full Token selection without the need of using a CEX, in a safe manner that does not wrap tokens or require bridging assets
πŸŽ™οΈ @Galxe

β˜„οΈ Galxe is the infrastructure for growth built for Web3 projects that allows for off-chain participants to be rewarded on-chain as badges or customizable NFTs.

βš’οΈ Projects can also drive off-chain and on-chain growth simultaneously using a wide range of features
πŸŽ™οΈ @Galxe

β€’ By utilizing Galxe’s off-chain credential system. Projects can set quests that direct users to complete tasks in return for rewards.

β€’ Galxe has huge community with 8.5 million users across 11 blockchains, so projects can attract a very wide variety of users.
πŸŽ™οΈ @steadefi

A protocol that enhances yield on blue-chip assets like $USDC and $AVAX by automatically executing and managing risk-adjusted strategies across protocols.

βš–οΈ Institutional grade risk management, that enhances yields and is accessible for every #DeFi user.
πŸŽ™οΈ @steadefi

🏦 Delta Neutral: Deposits $USDC and receive $USDC
βš—οΈ Delta One: Deposit $AVAX and receive $AVAX

All products are 'one-click' vaults making them highly accesdsible to all.

πŸš€ Alpha testing is now live - enter the Discord to join
That's a wrap!

Thanks to @traderjoeintern for notes 🐣

If you enjoy these Spaces where we bring the builders of the eco together to share insights + updates, give this tweet a retweet ♻️

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

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More from @traderjoe_xyz

Nov 22
New Liquidity Book Markets: Now Open!

$USDT / $USDT.e
$BUSD / $USDC

Provide liquidity, concentrate your position and maximise your efficiency with: Liquidity Book πŸŒŠπŸ“˜

Not sure how to add liquidity or which strategy to deploy?

Check below for more insights πŸ‘‡ Image
🏊 Selecting your Liquidity Pool

1. Head to the Pool page
2. Select V2 on the Filter
3. Select your desired Pool Image
🌊 Providing Liquidity

1. On the Pool Page, input your Tokens
2. Select your pre-defined Liquidity Shape
3. Press Submit

...It's that easy! Now, depending on the Shape you have chosen, you may need to monitor it to re-balance your position, more on that below πŸ‘‡ Image
Read 5 tweets
Nov 19
Liquidity Book & De-pegs πŸŒŠπŸ“˜

Stables are sometimes, not stable. But de-peg events open up opportunities for those who want to take on some risk, in search of rewards.

Liquidity Book is an AMM that gives you flexibility to strategically position your liquidity...πŸ‘‡ Image
Currently $USDT has a mild de-peg, with a market wide value of about $0.9992 as per @CoinMarketCap

Using the Liquidity Book AMM, users can actively participate during these events in the following ways: Image
πŸ•ΉοΈ Play 1

β€’ You think $USDT is likely to return to peg
β€’ You market buy some $USDT
β€’ You add liquidity in bins up to $1
β€’ You wait for peg to return and yield $USDT gains + fees

Eg below shows $USDT added from $0.998901 up to $0.99 Image
Read 6 tweets
Nov 19
WTF Is...#DeFi

🏦 Finance penetrates all areas of our lives, but traditional finance (TradiFI) often lacks transparency, accessibility and accountability.

🌐 Decentralised Finance or simply 'DeFi' aims to solve these and other issues...but WTF exactly is DeFi? πŸ‘‡
In Traditional Finance today, people are forced to keep their money in banks and other centralized institutions, having very little control over how those assets are actually custodied and managed.

Enter #DeFi:
β€’ Self-custody of your assets
β€’ True digital ownership
DeFi uses #blockchain technology to make sure there is no single party in control and no single point of failure.

Additionally, everyone with a device connected to the internet can interact with #DeFi 24/7 from any point of the world.

#DeFi banks the unbanked.
Read 7 tweets
Nov 17
Trader Joe Partner: @LODE_one

πŸ‘¨β€πŸŒΎ Stake: $LODE / $USDC
πŸͺ™ Earn: $LODE ~297% APR
πŸ—“οΈ EXTENDED to 20th of December

@LODE_one introduced tokenized Gold & Silver to #Avalanche along with $LODE a revenue sharing token that maintains a price ratio relative to the price of silver...πŸ‘‡
Traders on #Avalanche now have the opportunity to swap into gold and silver tokens, thanks to @LODE_one

$LODE - Revenue sharing token
$AGX - Represents one gram of silver
$AUX - Represents one milligram of gold

🦺 $AGX + $AUX are fully backed, insured and audited.
πŸ“‰ By bringing physical commodities on-chain sustainably, $LODE aims to help more people protect their wealth from being eroded by inflation.

🌎 It also lowers the barrier to entry, making owning gold and silver accessible to everyone around the world.
Read 4 tweets
Nov 10
Liquidity Book AMM πŸŒŠπŸ“˜

Liquidity Book takes a new approach for AMMs. Built for Traders and Liquidity Providers offering the most efficient AMM design. LB is an institutional grade DEX, for all users #DeFi

Trader Joe will target Phase 1 deployment: ~15th/16th

Details below πŸ‘‡
Liquidity Book will push the frontier of AMM innovation:

🏊 Dynamic fees generating more for Liquidity Providers
πŸ–±οΈ No complex UX, manage liquidity in just a few clicks
πŸͺ™ Get more on your Trades with zero slippage swaps
The Deployment Plan:

Phase 1: Stablecoins and Pegged Asset Pools
Phase 2: AVAX / Stable Pools

We expect Phase 2 shortly after Phase 1, with full communications shared ahead of roll-out. All pairs and configs for Pools deploying on LB will be shared ahead of deployment.
Read 7 tweets
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

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