Where top performing mfers (Liquidity Providers) are rewarded ๐
Dive down to see results from Epoch 1 and details for Epoch 2...๐
๐ค Quick Recap: What is this program?
โข LPs compete to earn $JOE Tokens
โข Each LP is scored and ranked over a time period
โข Scoring based on: Fees earned + TVL contributed
โข To qualify LPs have to generate >1% of total fees
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๐ Epoch 1 Details
โข 100k $JOE allocated to 3 #Arbitrum Markets
โข 50k $JOE to $ETH - $USDC
โข 25k $JOE to both $GMX / $MAGIC - $ETH LPs
โข Epoch 1 Duration: 8th to 14th Feb
โก๏ธ Proposal: โJP-12 Open $GMD / $WAVAX Market'
โ Successful with over 2.2m $JOE votes!
Trader Joe will be supporting @GMDprotocol by providing exclusive liquidity provisioning for $GMD on #Avalanche & #Arbitrum๐
As a leading yield aggregator, GMD has successfully grown its partnership with Trader Joe to span across multiple chains, enabling users to optimize and enhance yield generation on both #Avalanche & #Arbitrum๐
Trader Joe and GMD will work together to generate more #RealYield for $GMD holders while continuing to minimize risks for vault depositors
With Liquidity Book:
โ $GMD traders enjoy ~zero slippage swaps
We've come to the end of Trader Joe's #ArbitrumAdventure, and what a journey it's been! โจ
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 ๐
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 Joeโs latest collaboration is with Vela Exchange, one of the most recent and exciting additions to the #Arbitrum๐ ecosystem, a perpetual futures platform that promises to empower #DeFi traders.
Let's dive in to learn more about Vela ๐
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.