$BETS is NOW LIVE exclusively on Trader Joe #Arbitrum๐Ÿ’™

โ€ข $BETS / $ETH - base fee .80%

BetSwirl is the perfect destination for anyone looking for a decentralized #GambleFi experience.

Own BETS, play a central role in BetSwirl's DeFi ecosystem, earn a share of profits. Image
What can you do with $BETS?

โœ…ย Play with it. All games on @BetSwirl accept it

โœ…ย Stake it and earn a share of BetSwirl's profits

โœ…ย Get exclusive NFTs only purchasable with $BETS

โœ…ย Participate in governance Image
What can you do with $BETS on Liquidity Book?

โœ…ย Take advantage of LB's impressive capital efficiency, which translates to strong returns for LPs in the form of high #RealYield APRs

โœ…ย Execute your swaps with ~zero slippage

๐ŸŒŠ๐Ÿ“˜

โ€ข โ€ข โ€ข

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Keep Current with Trader Joe๐Ÿ”บ๐Ÿ’™ | Live on Arbitrum ๐ŸŒŠ๐Ÿ“˜

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More from @traderjoe_xyz

Feb 17
We've come to the end of Trader Joe's #ArbitrumAdventure, and what a journey it's been! โœจ

Over the past 3 weeks, we had the pleasure of welcoming over 21k participants as we explored leading Arbitrum #DeFi protocols and engaged with the #Arbitrum community

Highlights ๐Ÿ‘‡ Image
Following the successful launch of Liquidity Book on Arbitrum, we knew we had a unique opportunity to deepen our involvement within the Arbitrum community

#ArbitrumAdventure was our way of establishing a lasting relationship with #Arbinauts while showcasing leading protocols
As we look back on this incredible journey, it's only fitting that we take a moment to acknowledge the ecosystem partners who made this campaign possible

We look forward to continuing our collaboration with each partner with an aim of empowering the Arbitrum community
Read 15 tweets
Feb 17
Trader Joeโ€™s latest collaboration is with Vela Exchange, one of the most recent and exciting additions to the #Arbitrum๐Ÿ’™ ecosystem, a perpetual futures platform that promises to empower #DeFi traders.

Let's dive in to learn more about Vela ๐Ÿ‘‡ Image
Vela, at its core, is a decentralized exchange offering perpetual futures, which allows investors to go short or long on a variety of tokens and currencies.
All trading on the platform is made possible through a $VLP vault, which is backed by $USDC and acts as a counterparty for all trades.

This means that all assets on Vela are "synthetic", with prices sourced through custom oracles.
Read 8 tweets
Feb 16
Trader Joe partners with @UniDexFinance to offer a primary and efficient source of liquidity on #Arbitrum๐Ÿ’™ 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 ๐Ÿ‘‡ 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 LPsโ€ฆ

And itโ€™s a game-changer.

Hereโ€™s what he found ๐Ÿงต
High-level:

๐Ÿ“Šย Avg TVL: $4.4MM
๐Ÿ“Šย Volume: $330MM
๐Ÿ“Šย Fees: $688k
๐Ÿ“Šย Daily Volume/TVL: 2.4x
๐Ÿ“Šย Daily Fees/TVL: ~1% every 2 days (or 185% APR)

๐Ÿ‘‰ Takeaway: Liquidity Book's impressive capital efficiency translates to strong returns for LPs in the form of high APRs
Growth:

๐Ÿ“ˆย TVL: $2.0MM to $6.2MM (+210%)
๐Ÿ“ˆย Daily Volume (MA-7day): $1.5MM to $14.6MM (+870%)
๐Ÿ“ˆย Daily Fees (MA-7day): $3k to $30k (+900%)
๐Ÿ“ˆย New Unique LP Addresses: 1,432

๐Ÿ‘‰ Takeaway: Significant growth across the board, including efficient liquidity utilization
Read 7 tweets
Feb 9
Liquidity Book incentives are now live on #Arbitrum๐Ÿ’™

Hereโ€™s how to start claiming rewards today ๐Ÿ‘‡
The LB rewards program is simple:

๐Ÿ‘‰ 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 ๐Ÿซก Image
TLDR:

โ€ข Liquidity Providers are scored and ranked on performance

โ€ข Scoring based on: Fee accrual and market up-time contribution

โ€ข Scoring conducted over epochs with vested rewards

โ€ข Partners can utilize program for an efficient way to distribute emissions
Why is this program Important? ๐Ÿค”

โ€ข Effective LPs increase market up-time and improve liquidity depth

โ€ข Rewarding these LPs will help to retain and improve market participation

โ€ข This creates a positive flywheel for both trading volume & liquidity reserves
Read 8 tweets

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