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2021-11-19 07:52:45
GEMS DISCOVERY: TRADER JOE

Trader Joe is an AMM-based DEX built on the Avalanche blockchain. The special feature of Trader Joe is that it combines DEX and Lending & Leveraged Trading.

Why is this a gem?

✨ In 07/2021, Avalanche launched a cross-chain solution called Elk. Finance which brings a huge cash flow from others ecosystem like BSC, Polygon, FTM, Heco to Trader Joe. Trader Joe’s TVL (total value locked) increases 46 times from $27M to $1.24B in only 2 months.

✨ JOE is the governance token of Trader Joe. More than other AMMs, JOE staker will receive not only revenue from high APR staking but also from 0.05% of all trades fees and lending interest.

✨ Trader Joe is backed by leading blockchain investors include DeFiance Capital, GBV, Capital, Avalanche Foundation, Coin98 Ventures, AAVE founder – Stani Kulechov, …

 

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