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  • TraderJoe is a decentralized exchange (DEX) on Avalanche. It also provides lending and borrowing services through BankerJoe.

  • JOE is the native token of the project. The current use cases for JOE include:

    • Staking: By staking JOE to receive xJOE, users are able to receive a portion of the trading fees (0.05% of all trading volume).

    • Liquidity Mining: Users can provide liquidity on TraderJoe DEX to earn JOE tokens.

    • Governance: JOE holders can vote on governance proposals.

  • The project consists of the following major components working in conjunction:

    • TraderJoe: It is an AMM DEX on Avalanche. There is a 0.3% trading fee where 0.25% is paid to the liquidity providers and 0.05% to xJOE holders.

    • BankerJoe: It is a lending protocol on Avalanche built based on the Compound protocol.

  • As at December 28th 2021, the maximum and total token supply of JOE are 500,000,000 and 199,010,126 respectively. The current circulating supply is 147,554,883 (~29.51% of the maximum token supply).

  • Learn more about the token distribution of JOE here.