Exciting news - Trader Joe and Lido are teaming up to bring you a bonus #ArbitrumAdventure contest with 1,500 $LDO up for grabs!

More detailsπŸ‘‡ Image
πŸ‘¨β€πŸ’» Task: Create a Twitter thread covering wstETH use-cases across the Arbitrum ecosystem

Highlight existing use-cases or suggest new ones, it’s up to you!

Helpful resource: blog.lido.fi/?pk_vid=01f332…
Be sure to tag @LidoFinance, @traderjoe_xyz & #LidoArbitrumAdventure in your 1st Tweet for a chance to win

Details:
πŸ₯Β Minimum length: 4 Tweets
πŸ—“οΈΒ Dates: Feb 14th - 21st
πŸ’ΈΒ Prize: 1,500 $LDO split amongst top 3 contestants

Winners will be chosen by the Lido team!

β€’ β€’ β€’

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Keep Current with Trader JoeπŸ”ΊπŸ’™ | Live on Arbitrum πŸŒŠπŸ“˜

Trader JoeπŸ”ΊπŸ’™ | Live on Arbitrum πŸŒŠπŸ“˜ Profile picture

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More from @traderjoe_xyz

Feb 16
Trader Joe partners with @UniDexFinance to offer a primary and efficient source of liquidity on #ArbitrumπŸ’™ and soon #Avalanche

UniDex aims to aggregate everything in DeFi and already integrates dozens of liquidity sources across more than ten networks

Let's learn more πŸ‘‡ Image
UniDex's Instant Swaps allow users to get the best on-chain execution by combining quotes from 13 different aggregators.

The platform also offers off-chain MEV-protected swaps for those who want the best possible price for their tokens.
Besides being a spot aggregator, UniDex also allows users to trade perpetual futures for various cryptocurrencies.

All contracts are backed by the platform's liquidity pools, but with the V3 update, UniDex will be able to route futures orders to other DeFi protocols.
Read 7 tweets
Feb 10
Our research lead @MountainFarmer_ analyzed the January data for Liquidity Book's $AVAX / $USDC market to assess the growth and performance of its LPs…

And it’s a game-changer.

Here’s what he found 🧡
High-level:

πŸ“ŠΒ Avg TVL: $4.4MM
πŸ“ŠΒ Volume: $330MM
πŸ“ŠΒ Fees: $688k
πŸ“ŠΒ Daily Volume/TVL: 2.4x
πŸ“ŠΒ Daily Fees/TVL: ~1% every 2 days (or 185% APR)

πŸ‘‰ Takeaway: Liquidity Book's impressive capital efficiency translates to strong returns for LPs in the form of high APRs
Growth:

πŸ“ˆΒ TVL: $2.0MM to $6.2MM (+210%)
πŸ“ˆΒ Daily Volume (MA-7day): $1.5MM to $14.6MM (+870%)
πŸ“ˆΒ Daily Fees (MA-7day): $3k to $30k (+900%)
πŸ“ˆΒ New Unique LP Addresses: 1,432

πŸ‘‰ Takeaway: Significant growth across the board, including efficient liquidity utilization
Read 7 tweets
Feb 9
Liquidity Book incentives are now live on #ArbitrumπŸ’™

Here’s how to start claiming rewards today πŸ‘‡
The LB rewards program is simple:

πŸ‘‰ Provide liquidity in and around the active bin, earn rewards
The pools page will have a clear indication if there are Liquidity Book rewards being applied to each pool
Read 8 tweets
Feb 8
YOU ASK, WE DELIVER!

Introducing the Liquidity Book Incentives Program

Where top performing mfers are rewarded 🫑 Image
TLDR:

β€’ Liquidity Providers are scored and ranked on performance

β€’ Scoring based on: Fee accrual and market up-time contribution

β€’ Scoring conducted over epochs with vested rewards

β€’ Partners can utilize program for an efficient way to distribute emissions
Why is this program Important? πŸ€”

β€’ Effective LPs increase market up-time and improve liquidity depth

β€’ Rewarding these LPs will help to retain and improve market participation

β€’ This creates a positive flywheel for both trading volume & liquidity reserves
Read 8 tweets
Feb 6
Trader Joe 🀝 LayerZero

$JOE will be launched as an omnichain fungible token (OFT). This evolution of $JOE will unlock seamless connectivity for the $JOE token across all chains supported by the Trader Joe DEX.

Read more: joecontent.substack.com/p/trader-joe-i…
$JOE to become an OFT

By adopting the omnichain fungible token (OFT) standard, $JOE becomes a truly native, multichain token that can be bridged – without the security risks of β€˜wrapping’ – to different blockchains with a 1:1 ratio.

πŸš€
What is LayerZero?

L0 leverages on-chain Ultra Light Nodes to deliver light-weight messaging across chains, providing authentic and guaranteed message delivery that meets the demands of an absolute security model, whilst also remaining highly efficient for the end user.

πŸ”
Read 4 tweets
Feb 4
Phase 2 of Trader Joe’s #ArbitrumAdventure is officially LIVE! πŸ’«

Join us in discovering all that our phase 2 partners have to offer while earning limited edition NFTs and up to $18k in prizes! πŸ’Έ

More info πŸ‘‡
How to participate?

1. Join Trader Joe Guild to unlock Rank 1 roles: guild.xyz/joe

2. Join Trader Joe Crew3 to complete Rank 2 roles: crew3.xyz/c/traderjoe/qu…

Complete the tasks, discover our Phase 2 partners, earn your chance to win awesome prizes!
Partners πŸ§‘β€πŸš€

Without further ado, πŸ₯πŸ₯πŸ₯, our Phase 2 PartnersπŸ‘‡

πŸ§‘β€πŸš€Β @vestafinance
πŸ§‘β€πŸš€Β @GMDprotocol
πŸ§‘β€πŸš€Β @UmamiFinance
πŸ§‘β€πŸš€Β @PlutusDAO_io
Read 8 tweets

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