Mega Thread on $JOE :
The @traderjoe_xyz team has been shipping non stop during the bear and I firmly think that they are well position to explode in the coming weeks.
This thread will dissect the key features of $JOE and why I am so fucking bullish on it.
LFG
The @traderjoe_xyz team has been shipping non stop during the bear and I firmly think that they are well position to explode in the coming weeks.
This thread will dissect the key features of $JOE and why I am so fucking bullish on it.
LFG
Introduction
@traderjoe_xyz is the largest DEX on @avalancheavax
$JOE started its omnichain expansion by deploying its @arbitrum DEX followed by @BNBCHAIN later this mth
$JOE can soon be bridged natively through their partnership w @LayerZero_Labs and @StargateFinance
@traderjoe_xyz is the largest DEX on @avalancheavax
$JOE started its omnichain expansion by deploying its @arbitrum DEX followed by @BNBCHAIN later this mth
$JOE can soon be bridged natively through their partnership w @LayerZero_Labs and @StargateFinance
Tokenomics
+ Marketcap - $72m
+ Max Supply - 500m
+ Current Supply - 464m (93% of Max)
+ Total emissions - 259,200 JOE/day
+ Emissions (via farms) - 14,768 JOE/day
+ Surplus tokens are held in treasury for future long-term growth incentives
+ Emissions stop by Jan 2024
+ Marketcap - $72m
+ Max Supply - 500m
+ Current Supply - 464m (93% of Max)
+ Total emissions - 259,200 JOE/day
+ Emissions (via farms) - 14,768 JOE/day
+ Surplus tokens are held in treasury for future long-term growth incentives
+ Emissions stop by Jan 2024
Liquidity Book Introduction
@traderjoe_xyz has launched its Liquidity Book (LB) model which allows it to be a concentrated liquidity AMM.
Key difference between LB and Uni v3 in the pic attached.
@traderjoe_xyz has launched its Liquidity Book (LB) model which allows it to be a concentrated liquidity AMM.
Key difference between LB and Uni v3 in the pic attached.
Liquidity Book Advantages vs UniV3
+ Higher Liquidity efficiency
+ Customizable Liquidity shapes
+ Fungible Liquidity Positions - Allows protocols to incentivize pools directly
+ Dynamic fees to capture additional value during volatility
+ Higher Liquidity efficiency
+ Customizable Liquidity shapes
+ Fungible Liquidity Positions - Allows protocols to incentivize pools directly
+ Dynamic fees to capture additional value during volatility
Staking Model ( Token Utility )
+ veJOE - boosted JOE rewards from select Farms + Governance
+ sJOE - share of all platform revenue generated
+ rJOE (Depreciated) - allocation token used to enter Rocket Joe Launches
+ veJOE - boosted JOE rewards from select Farms + Governance
+ sJOE - share of all platform revenue generated
+ rJOE (Depreciated) - allocation token used to enter Rocket Joe Launches
Catalyst - Real Yield
+ Current @traderjoe_xyz LPs are generating massive fees with the LB Model
+ The fees switch for sJOE will soon be turned on and a portion of all Dex fees will be funneled towards $JOE Stakers
+ This means that real yield narrative starts for $JOE
+ Current @traderjoe_xyz LPs are generating massive fees with the LB Model
+ The fees switch for sJOE will soon be turned on and a portion of all Dex fees will be funneled towards $JOE Stakers
+ This means that real yield narrative starts for $JOE
Catalyst - Omnichain
+ sJOE staking will be siloed by their respective chains
+$JOE LP has $8.2m Liquidity vs $26m staked in sjoe vs $7.3m in vejoe.
+ The 2 sJOE launches on both chains ( @arbitrum & @BNBCHAIN ) would see JOE liquidity being thinned out from $JOE LPs.
+ sJOE staking will be siloed by their respective chains
+$JOE LP has $8.2m Liquidity vs $26m staked in sjoe vs $7.3m in vejoe.
+ The 2 sJOE launches on both chains ( @arbitrum & @BNBCHAIN ) would see JOE liquidity being thinned out from $JOE LPs.
Catalyst - Market Making program
+ ETA within 1 mth
+ veJOE will be integrated into the MM program to boost rewards
+ LPs rewarded based on fees earned
+ Protocols will be allowed to further incentivise their own LP pools w native tokens
+ ETA within 1 mth
+ veJOE will be integrated into the MM program to boost rewards
+ LPs rewarded based on fees earned
+ Protocols will be allowed to further incentivise their own LP pools w native tokens
Catalyst - Market Making program (2)
+ Users will be incentivised to LP within tight range to generate maximum MM rewards
+ Protocols providing additional incentives will get deeper liquidity that protects them from large slippage swaps
+ Win - Win for both LPs and Protocols
+ Users will be incentivised to LP within tight range to generate maximum MM rewards
+ Protocols providing additional incentives will get deeper liquidity that protects them from large slippage swaps
+ Win - Win for both LPs and Protocols
Catalyst - Governance Model
+ VeJOE is also being utilized by gov aggregators like @yieldyak_ and @vector_fi
+ The Gov Aggregators permanently lock $JOE for increased veJOE allocations.
+ The Perma lock of veJOE ensures that the Governance capital is sticky and not mercenary
+ VeJOE is also being utilized by gov aggregators like @yieldyak_ and @vector_fi
+ The Gov Aggregators permanently lock $JOE for increased veJOE allocations.
+ The Perma lock of veJOE ensures that the Governance capital is sticky and not mercenary
Catalyst - Governance Model (2)
+ Upcoming MM Program likely to see an uptick in veJOE importance
+ Increased $JOE locked in veJOE = Lower supply in market
+ Lower supply + Increase demand for token = Supply Shock Incoming?
+ Upcoming MM Program likely to see an uptick in veJOE importance
+ Increased $JOE locked in veJOE = Lower supply in market
+ Lower supply + Increase demand for token = Supply Shock Incoming?
Catalyst - Permissionless Pools
+ Current LP Pools are carefully curated to ensure reliability of constituent assets
+ Permissionless deployment is in the works
+ Permissionless Pools = Degen Alts can deploy = Degen Central = Dex Vol OnLyUP
+ Current LP Pools are carefully curated to ensure reliability of constituent assets
+ Permissionless deployment is in the works
+ Permissionless Pools = Degen Alts can deploy = Degen Central = Dex Vol OnLyUP
Speculation - $JOE Pool Incentives
+ With $JOE gg multichain and a MM Program upcoming, I expect $JOE pools to be incentivized to bootstrap liquidity
+ IMHO, $JOE LP incentives on @arbitrum and @BNBCHAIN are highly likely
+ $JOE printing $JOE. Can't wait for this to happen.
+ With $JOE gg multichain and a MM Program upcoming, I expect $JOE pools to be incentivized to bootstrap liquidity
+ IMHO, $JOE LP incentives on @arbitrum and @BNBCHAIN are highly likely
+ $JOE printing $JOE. Can't wait for this to happen.
Summarizing Thoughts
+ $JOE has set up the perfect flywheel for the coming month.
+ Low Emissions
+ Staking model that restricts $JOE Supply
+ Highly Efficient Liquidity Model
+ Effective way for Protocols to Incentivize Liquidity
All signs points towards a supply crunch
+ $JOE has set up the perfect flywheel for the coming month.
+ Low Emissions
+ Staking model that restricts $JOE Supply
+ Highly Efficient Liquidity Model
+ Effective way for Protocols to Incentivize Liquidity
All signs points towards a supply crunch
Summarizing Thoughts (2)
+ With the flywheels in place, I expect $JOE to explode once MM Incentives are turned on.
+ Deep Liquidity + LB Model = Fees blackhole
+ Beyond the MM Incentives, market exposure of LB to the masses will be help fuel long term organic growth
+ With the flywheels in place, I expect $JOE to explode once MM Incentives are turned on.
+ Deep Liquidity + LB Model = Fees blackhole
+ Beyond the MM Incentives, market exposure of LB to the masses will be help fuel long term organic growth
Summarizing Thoughts (3)
Really excited about the upcoming developments for $JOE.
All signs point to the inevitable. The Future is $JOE.
Help Like, Share and Retweet if you liked the thread.
Cheers!
Really excited about the upcoming developments for $JOE.
All signs point to the inevitable. The Future is $JOE.
Help Like, Share and Retweet if you liked the thread.
Cheers!
https://twitter.com/Defi_Maestro/status/1622620292966387713?s=20&t=py6zE92Y8JjIOVbITIAAMw
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