Stella integration to Traderjoe Liquidity Book! When capital efficiencies from both #Stella and #TraderJoe combine, the benefits will favor all stakeholders.

Hence, leveragoors will be able to access "The leveraged Liquidity Book Strategies with 0% Cost to Borrow" for the first time.

When capital efficiencies from both Stella and Trader Joe combine, the benefits will favor all stakeholders.

You can expect these new leveraged strategies in July, shortly after they release the official launch tomorrow.

Trader Joe is a decentralized trading platform native to the Avalanche blockchain. It aims to serve the community at the frontier of DeFi and focuses on research and development.

Trader Joe, the multichain decentralized exchange, has recently launched a new feature called Auto-Pools, which is set to improve liquidity and user experience on the platform.

According to a Trader Joe announcement, the project will deploy the Liquidity Book ver2 feature on Avalanche, Arbitrum, and BNB Chain with the name Auto-Pools. This new feature will combine the efficiency of Liquidity Book and the simplicity of Joe ver 1.

In 2023, Trader Joe has continuously introduced new updates to improve the platform’s liquidity situation. The most notable of these updates is the deployment on multichain and the Liquidity Book feature. Since the launch of ver2 (a centralized liquidity model with Liquidity Book), Trader Joe has earned more than $30 million TVL on the Arbitrum ecosystem, according to DefiLlama.

But Trader Joe is not stopping there; it is continuing to improve the user experience by combining liquidity book with Joe ver 1.

“Auto-Pools introduce automatic position management for Liquidity Book. Users who do not want to manage their positions can use Auto-Pools instead. Auto-Pools will increasingly bring new, unique choices like off-chain signals and combinations of different assets,” Trader Joe said in an interview with Interlock.

In addition, the project revealed that users who deposit tokens into Auto-Pool will receive a representative token. This token will be used for other decentralized financial activities such as yield farming and collateral. This is one of the features of Joe ver 1 that people still commonly use. “Furthermore, the transaction fee of Auto-Pools will be shared with sJOE, JOE’s staking token,” Trader Joe added.

Since the beginning of 2023, the price of JOE, Trader Joe’s token, has increased by more than 400%, from $0.13 to $0.66. Currently, JOE is trading at around $0.6 according to Coingecko data.

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Trader Joe’s Auto-Pools feature is set to revolutionize the way users manage their positions and improve liquidity on the platform. The combination of Liquidity Book and Joe ver 1 will undoubtedly make it easier for users to participate in decentralized financial activities. With JOE’s price steadily increasing, it is clear that the market is responding positively to these developments.

#TraderJoe #Binance #crypto2023 #Binance #azcoinnews

This article was republished from azcoinnews.com

The trading activity on DEX Trader Joe has been heating up thanks to a reward campaign for liquidity providers of Arbitrum (ARB). According to DefiLlama’s data, the trading volume of Trader Joe on Arbitrum has increased dramatically in the past week.

The total locked value (TVL) of Trader Joe on Arbitrum has reached 31 million USD, accounting for more than 25% of the total TVL of 131 million USD on the platform across three supported blockchains including Arbitrum, Avalanche, and BNB Chain.

The activity on Trader Joe has become more bustling due to the reward program for liquidity providers. The tokens that the project encourages include ARB, ETH, and USDC. Accordingly, the exchange has awarded a total of 300,000 JOE rewards to liquidity providers. The incentive program is expected to end on April 6th.

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The success of Trader Joe should be attributed to the highly attractive ARB token launch event of Arbitrum. Combined with the incentive program of the DEX exchange, the trading activity on Arbitrum has become lively and has outperformed Avalanche – the first blockchain where Trader Joe docked – in recent times. The price of JOE has also increased sharply by 13% in the past 24 hours, with an increase of nearly 60% in a week. JOE is currently being traded at 0.58 USD at the time of writing.

The campaign has helped attract a significant number of liquidity providers to Trader Joe on Arbitrum, contributing to the overall growth of the platform. Moreover, the positive results of this program have also attracted the attention of the broader cryptocurrency community. Many traders and investors are closely monitoring the development of Trader Joe on Arbitrum, with the hope of making a profit from the increased trading activity on this exchange.

In conclusion, the reward campaign for liquidity providers has become a significant catalyst for the success of Trader Joe on Arbitrum. This campaign has helped to attract liquidity providers and traders to the platform, resulting in a surge in trading volume and the TVL of Trader Joe on Arbitrum. The success of this campaign is a positive sign for the broader cryptocurrency community and demonstrates the potential of DeFi platforms to create innovative and profitable investment opportunities.

#TraderJoe #JOE #DeFi #DEX #azcoinnews

This article was republished from azcoinnews.com