Just two months after their launch in June 2021, traderjoe_xyz had rapidly amassed a strong community to claim the throne as the top DEX on Avalanche by total value locked (TVL). 💪 More about this exciting project 👇
schedule, the boost from veJOE has been less and less attractive over time, although the recent Liquidity Book incentives program have given a boost to the rewards.Staking as sJOE, on the other hand, shares protocol fees from the platform with stakers. A percentage fee is taken from each trade on Trader Joe and is distributed to stakers in USDC. Initially, only fees from V1 LPs were distributed to sJOE stakers.
However, the V2.1 upgrade finally turned the fee switch on for the Liquidity Book, distributing a percentage of fees from Liquidity Book pools to sJOE stakers as well. Considering the capital efficiency of the Liquidity Book model and the fees it is generating, this new source of revenue is expected to be a huge boost for sJOE stakers.
Moreover, sJOE will be available across all three chains that Trader Joe is deployed on eventually, allowing stakers to decide where to stake, depending on where they expect the highest volumes to be.Almost two years on from their initial launch on Avalanche, the Trader Joe team continues to build and push the limits of what is possible in DeFi. With the successful implementation of the Liquidity Book model and the recent V2.
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