The talks consisted of a brief introduction to the history of DEXs and how Trader Joe made the transition from a Uniswap V2 fork to innovators in the field of AMMs
π Application of a volatility adjusted fee
π Constant sum formula (Px+y=L)
π Discretized bin architecture
With the imminent approach of Joe V2.1's Auto Pools, we cant wait to bring LB to a wider audience.
Joe Campus Tours is a key part of this strategy.
To be able to deliver thought provoking talks at these iconic institutions is a huge privilege and a long way from our meme roots!
We would like to thank all the students who attended these events, for their excellent questions and eagerness to discuss the minutiae of #LiquidityBook ππ
It had absolutely nothing to do with the free pizza π π
If you're a European based university, part of a blockchain society and you're interested in discussing Decentralised Exchanges, Automated Market Makers and Liquidity, reach out to Trader Joe!
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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 βοΈ
Lets explore the benefits of OFT π
π 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.
βοΈ No liquidity fragmentation
There is only one canonical representation of $JOE and no need for wrapped tokens or liquidity pools on each chain.
TLDR:
β’ sJOE deposit fee has been removed
β’ All current sJOE stakers will receive a 1% rebate
β’ sJOE will open on #BNBChain in the coming days
β’ sJOE will open for #Arbitrum and #Avalanche with V2.1 rollout
Deposit Fee
sJOE is the much loved 'utility' for $JOE.
To truly embrace an omnichain future and to fully realize $JOE OFT utility, the deposit fee for sJOE will be removed. $JOE can be traversed across chain and access sJOE on any chain, with total ease.
Where top performing mfers (Liquidity Providers) are rewarded π
Dive down to see results from Epoch 1 and details for Epoch 2...π
π€ Quick Recap: What is this program?
β’ LPs compete to earn $JOE Tokens
β’ Each LP is scored and ranked over a time period
β’ Scoring based on: Fees earned + TVL contributed
β’ To qualify LPs have to generate >1% of total fees
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π Epoch 1 Details
β’ 100k $JOE allocated to 3 #Arbitrum Markets
β’ 50k $JOE to $ETH - $USDC
β’ 25k $JOE to both $GMX / $MAGIC - $ETH LPs
β’ Epoch 1 Duration: 8th to 14th Feb