Trader Joe is a DeFi platform offering several functions like token swaps via an automated market maker ( AMM ), yield farming, staking of the native utility token, borrowing and lending on the integr
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The exchange stands out with its convenient user interface and cheap and fast transaction execution. Furthermore, users can earn by providing liquidity and staking the native token in one of the yield farms. The token can also be used for . Its lending protocol, called Banker Joe, is a money market protocol, allowing users to borrow and lend funds without giving up their custody of them.
As part of the yield farming branch of the project, users can earn extra rewards through trading fees and tokens. They can also improve the capital efficiency of their assets and leverage capital that would otherwise be sitting idly in their wallet. Finally. there is also Rocket Joe, a platform that bootstraps protocol-owned liquidity for other projects.
The exchange was founded by two pseudonymous developers, called Cryptofish and 0xMurloc. The former is a full-stack and developer and an early contributor to several Avalanche projects. The latter is a full-stack developer with startup experience and a former Senior Product Lead at Grab. Over a dozen other contributors work on marketing and community.
The exchange launched in June 2021 and quickly had a lot of traction, drawing in as much as $4 billion in at its peak.
There is no information on Crunchbase about the exchange’s headquarters.
Trader Joe does not provide any information about restricted countries.
The exchange offers a multitude of tokens from the Avalanche ecosystem and wrapped tokens, .
There is a 0.3% fee for token swaps. 0.25% goes to liquidity providers and 0.05% to stakers.
