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Jan 29, 2022 12 tweets 4 min read
Thoughts on new @traderjoe_xyz tokenomics. 🧵

TJ is the biggest dex on #AVAX and its revenue is no joke. However, it’s revenue sharing model; xJOE - adopted from xSushi - is an obviously failing mechanic that rewards dumpers more than stakers.

Time for innovation: 1) rJOE
You can stake ur JOE for rJOE. It cannot be traded. It’s burned when used to enter a launch.

Right now, when contracts go live, it is sniped by bots and exploited. Rocket Joe fixes this by allowing people to have a fair shot at launches but with rJOE ticket.