Share this page!

Enter Twitter Thread URL to Unroll

Needs to be the full URL like: https://twitter.com/threadreaderapp/status/1644127596119195649

How to get URL link on Twitter App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Trader Joe Profile picture
@traderjoe_xyz
Jun 6 • 9 tweets • 5 min read Twitter logo Read on Twitter
Scrolly
Trader Joe is building a Liquidity Hub for an omnichain future, starting with #Avalanche, #Arbitrum and #BNB.

It all begins with omnichain fungible tokens (OFTs), a new standard developed by @LayerZero_Labs. OFTs solve 3 main issues associated with cross-chain token transfers... Image
🌊 Liquidity

Liquidity is the lifeblood of ecosystems. Thanks to OFTs, protocols to easily establish liquidity on new chains while being able to effortlessly handle even large transfers.
🧮 UI/UX

OFTs make it easy to move from one chain to another, even for inexperienced users. In the future OFTs could even allow for seamless omni-chain dapps...Intrigue.
🔐 Security

OFTs are not wrapped assets, meaning the risk of token depegging on one of the chains is eliminated.

One $JOE is one $JOE, on any and all chains.
Trader Joe was one of the first DeFi protocols to adopt the OFT standard for its token.

Users can effortlessly move their $JOE between three supported chains with minimum fees using the Stargate bridge. Image
Another token that uses the OFT standard is $BTC.b - Avalanche-bridged Bitcoin.

Thanks to LayerZero, BTC.b can travel to other EVM chains from Avalanche, such as #Arbitrum and #BNBChain, offering a decentralised alternative to WBTC. Image
One of Trader Joe's newest partners, @Level__Finance, is also utilizing an OFT standard for the $LVL token on #Arbitrum and #BNB.

Other DeFi protocols are already taking advantage of LayerZero's tech to kick-start and fuel their multi-chain expansion. Image
With the support for more than 14 L1s and L2s, OFTs are here to define the omni-chain future. And thanks to the industry-leading efficiency of the Liqudity Book AMM, users can easily trade $BTC.b, $JOE, $LVL, $STEAK, $RDNT and soon more OFTs.
Still not sure about OFTs or have yet to experience the feel of an omnichain adventure?

Fret no more, Trader Joe has teamed up with @layer3xyz to offer a thrilling multi-chain OFT adventure...Coming this week. Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Trader Joe

Trader Joe Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @traderjoe_xyz

Trader Joe Profile picture
Jun 7
Lets talk about 'LPing'

One of the core innovations offered by #DeFi is the ability for everyone to be a liquidity provider. Market making is no longer just for the suits, but is accessible to the regular Joe's.

Here is everything you need to know about LP on Trader Joe 👇 Image
What actually is a Liquidity Provider?

Liquidity providers are the most critical actors in DeFi. They are the ones who supply Liquidity into a Pool, which is then used by an algorithm to facilitate swaps between tokens.

Liquidity Providers (Makers) 'make the market' Image
Why be a Liquidity Provider?

For supplying liquidity, liquidity providers are rewarded with real yield through fees collected by a DEX on each swap.

In some cases, they might also receive additional token emissions in a process known as Yield Farming.
Read 14 tweets
Trader Joe Profile picture
Jun 1
Auto-Pools are here.

Automated liquidity built on Liquidity Book, the most capital-efficient AMM in DeFi🌊📘
What are Auto-Pools? 🤖📘

Auto-Pools are set to democratize access to Liquidity Book by automating the process of liquidity balancing within Liquidity Book Pools. The era of effortless, one-click yield farming has arrived.

Trader Joe makes #DeFi easy. Image
How do Auto-Pools work? 🌊

💧 Deposit Liquidity into an Auto-Pool

⚙️ The Auto-Pool automates the process of rebalancing the liquidity

📤 Upon withdrawal users receive their share of assets and any accrued fees

Auto-Pools are straightforward and accessible for all of DeFi. Image
Read 10 tweets
Trader Joe Profile picture
May 30
Liquidity Book Rewards: Epoch 5

Time to bring $JOE rewards to #BNBChain. Supply your liquidity, accrue fees and unlock $JOE rewards to boost your yield 🌊📘

Reward scoring starts tonight: 00:00 GMT

Intrigued? 👇 Image
🌊 Epoch 5 Details: #BNBChain

• $STG - USDT - 15k JOE
• $BNB - USDT - 45k JOE
• $BUSD - USDT - 10k JOE
• $ETH - BNB - 20k JOE (5bp)
• $BTC.B - BNB - 20k JOE (25bp)
• $JOE - BNB - 10k JOE Image
🌊 Epoch 5 Details: #Arbitrum

• $ARB - ETH - 30k JOE
• $LEVEL - USDT - 15k JOE
• $JOE - ETH - 15k JOE
• $MAGIC - ETH - 25k JOE
• $GMX - ETH - 10k JOE Image
Read 7 tweets
Trader Joe Profile picture
May 29
In keeping with the essence of a decentralized economy, we need infrastructure that maintains performance + speed without compromise.

Perfectly embodying the ambitions of #Avalanche, Trader Joe welcome @BwareLabs to the DEX, further enriching the Avalanche ecosystem. Image
Introducing @BlastAPI

Developed by Bware Labs and powered by the $INFRA token, Blast API is a new platform that provides decentralised API access to the biggest blockchains in Web3.
For a long time, web3 developers had three choices when it came to infrastructure:

• Maintain it themselves spending resources
• Rely on centralised providers
• Use decentralised but slow alternatives
Read 7 tweets
Trader Joe Profile picture
May 29
Liquidity Book welcomes @emdx_io tomorrow as they gear up for their $EMDX token generation event on #Avalanche by utilising Liquidity Book 🌊📘

Please note to exercise caution and do your own research. This is not an endorsement of $EMDX.

Dive down for specifics 👇 Image
🌱 The $EMDX TGE — Key Information:

• Chain: #Avalanche
• Begin Time: May 30th at 10:00 a.m. UTC
• End Time: June 1st at 10:00 a.m. UTC
• Sale Duration: 2 days (48 hours)
🤔 How will it work?

@emdx_io will deploy a single side of liquidity using a spot distribution (eg below).

2m Tokens will be supplied over 200 bins, starting from $0.10 per $EMDX with a discretisation of 100 bps. Image
Read 6 tweets
Trader Joe Profile picture
May 28
$BTC.b the omnichain fungible token (OFT) powered by @LayerZero_Labs is now live on #BNBChain exclusively on the Trader Joe DEX. Image
What is $BTC.b

$BTC.b is an ERC20-compatible version of Bitcoin that was bridged through the LayerZero-Bitcoin bridge.

The bridge is powered by the Intel SGX technology, meaning it can securely execute transactions without any single party being able to gain access to its keys.
Backed & Trusted

Every $BTC.b token is backed by $BTC 1:1, which is verifiable on-chain. All users can trustlessly burn BTC.b to receive the underlying BTC and vice versa.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(