We've come to the end of Trader Joe's #ArbitrumAdventure, and what a journey it's been! ✨
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 👇
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
Trader Joe’s latest collaboration is with Vela Exchange, one of the most recent and exciting additions to the #Arbitrum💙 ecosystem, a perpetual futures platform that promises to empower #DeFi traders.
Let's dive in to learn more about Vela 👇
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.
UniDex aims to aggregate everything in DeFi and already integrates dozens of liquidity sources across more than ten networks
Let's learn more 👇
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.
Our research lead @MountainFarmer_ analyzed the January data for Liquidity Book's $AVAX / $USDC market to assess the growth and performance of its LPs…
$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.
By adopting the omnichain fungible token (OFT) standard, $JOE becomes a truly native, multichain token that can be bridged – without the security risks of ‘wrapping’ – to different blockchains with a 1:1 ratio.
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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.