The following outlines a clear & accessible multichain use-case for $JOE:
- $JOE will become a multichain token
- sJOE will be available on #Arbitrum and #BNB
- veJOE can earn boosted yield from the LB rewards program
- rJOE staking will be deprecated
JOE
- JOE Emissions currently: 14,6k per day
- JOE is 92.8% minted and 62% in circulation (Source: @Coingecko)
- JOE will be bridged to Arbitrum and BNB
- JOE is the official governance token:
- 1 JOE = 1 Vote
sJOE
Trader Joe will be deploying the V2 Fee share for sJOE stakers as part of the Liquidity Book V2.1 coming in February.
sJOE will also become a multichain staking option, i.e. users will be able to stake JOE into sJOE on Avalanche, Arbitrum and BNB.
When it comes to earning #RealYield with Liquidity Book, itโs crucial to remember:
๐ย Fees are only paid to Liquidity Providers that have Liquidity in the Active Bin
๐ย Managing your Liquidity efficiently helps earn MORE fees
Understanding Active Bins is the key to success ๐
What are Bins again? ๐๏ธ
Bins are pools of liquidity with specific prices, containing one or both of the tokens being traded
๐ย Aggregating liquidity from distinct price Bins forms a Liquidity Pool
๐ย Bins above or below the current "Active Binโ will hold only one of the assets
Active Bins ๐ฐ
Active Bins determine the market price of a token, as the only Bin that consists of both tokens
๐ Active Bins are the only Bins receiving trading fees
๐ย Once market prices move to a different Bin, the previous Active Bin becomes inactive & stops acquiring fees