The principles of #DeFi have never felt stronger, Trader Joe is ready to embrace the future of finance.
$JOE is amongst the first to adopt LayerZero's OFT format, unlocking seamless connectivity for JOE. Perfect for the multichain world ⛓️
Lets explore the benefits of OFT 👇
$JOE is amongst the first to adopt LayerZero's OFT format, unlocking seamless connectivity for JOE. Perfect for the multichain world ⛓️
Lets explore the benefits of OFT 👇
🌉 Cheap bridging
$JOE can move across chains in the most efficient manner possible. Users are only required to pay the gas for their transfer and a 2bps fee to @StargateFinance for facilitating the transactions.
$JOE can move across chains in the most efficient manner possible. Users are only required to pay the gas for their transfer and a 2bps fee to @StargateFinance for facilitating the transactions.
⚗️ No liquidity fragmentation
There is only one canonical representation of $JOE and no need for wrapped tokens or liquidity pools on each chain.
$JOE can roam free 🌄
There is only one canonical representation of $JOE and no need for wrapped tokens or liquidity pools on each chain.
$JOE can roam free 🌄
🧱 Easy composability
Working with an OFT is as easy as working with a traditional ERC20. Applications on every chain can easily integrate JOE into their smart contracts and even offer new and unique use cases based on its multi-chain nature.
Working with an OFT is as easy as working with a traditional ERC20. Applications on every chain can easily integrate JOE into their smart contracts and even offer new and unique use cases based on its multi-chain nature.
🧭 'Good tech'
All of this is possible thanks to the innovative messaging protocol developed by @LayerZero_Labs.
LayerZero is a multi-chain protocol that allows anyone to pass any message (including a bridging transaction) from one supported chain to another.
All of this is possible thanks to the innovative messaging protocol developed by @LayerZero_Labs.
LayerZero is a multi-chain protocol that allows anyone to pass any message (including a bridging transaction) from one supported chain to another.
👊 You own it
LayerZero's core advantage over the competition is the ability for applications to "own their security" - protocols have complete control over the bridge configuration they use.
$JOE uses the @chainlink oracle as part of the OFT configuration.
LayerZero's core advantage over the competition is the ability for applications to "own their security" - protocols have complete control over the bridge configuration they use.
$JOE uses the @chainlink oracle as part of the OFT configuration.
👑 Fast, cheap and secure.
Even with default parameters, LayerZero continues to be one of the fastest, cheapest, and most secure bridges in #DeFi.
The three biggest DeFi exploits being bridge-related, the importance of security in the multichain world can not be underestimated.
Even with default parameters, LayerZero continues to be one of the fastest, cheapest, and most secure bridges in #DeFi.
The three biggest DeFi exploits being bridge-related, the importance of security in the multichain world can not be underestimated.
⛓️ Built for the future of #DeFi
With an impressive track record of flawless operation, JOE's multi-chain future is safe with LayerZero.
Powered by the OFT tech, JOE is tradable on #Avalanche, #Arbitrum and #BNBChain, with even more great things coming in the near future.
With an impressive track record of flawless operation, JOE's multi-chain future is safe with LayerZero.
Powered by the OFT tech, JOE is tradable on #Avalanche, #Arbitrum and #BNBChain, with even more great things coming in the near future.
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