Bulletin Board: February 6th
- Protocol Owned Liquidity: JOE / AVAX — 27.5%
- 30d Unique Users: 292,000
- Community Growth: +2.9% WoW
- JOE Token Holders: 51.5k
- rJOE Token Holders: 4.6k
- The first phase of Rocket Joe’s maiden voyage has successfully deployed.
- Deposits now closed, users have an optional withdraw period for 24 hours
- Launch engages at 6pm 7th at which time, a HON / AVAX LP will be created and locked for seven days.
Rocket Joe Deposit Stats
- Over 28.5k AVAX raised, through fair market price discovery
- Current prices estimate a seed LP: $4.2m
Lets see how sniper bots tackle an LP this size?
Rocket Joe Docs
- What is rJOE, how do i get it and why would i want it — Link
- How to interact with the Rocket Joe Launch platform — Link
- What is ‘Price discovery?’ — Link
Further details checkout the whitepaper — Link
- rJOE Token Holder distribution has been far stronger than expected, over $35m JOE tokens have been staked into rJOE.
- Nearly 5k rJOE Holders in a little under a week, helping to ensure protocols that launch utilizing Rocket Joe, can build healthy sustainable liquidity, but also ensure wide token distribution.
🏋️♂️Rocket Joe DeFit — 5.a
- Check out the latest Rocket Joe DeFit article to get the most out of Trader Joe’s liquidity launchpad
- With an overview, timeline walkthrough, and detailed examples, users can also take the DeFit quiz at the end of the article as progress towards their DeFit rank on Discord.
DeFit 5.b — We’ll be releasing a new DeFit article specific to the staking ecosystem, that will round off the DeFit series 1.
🚀Heroes of NFT
- Rocket Joe’s first launch partner, Heroes of NFT, is a strategy-based P2E NFT collectible card game set in a post-apocalyptic metaverse
- The Avalaunch HON IDO concludes on February 7th (Rocket Joe launch date) with a 50% unlock of HON tokens
- Players deploy cards to battle, placing them in tactical order to beat opponents
- The HON token is the primary currency for trading in the marketplace
- Up to 80% of HRO NFT revenue will be used to buy back ecosystem tokens
- Users can farm and stake their HON, whilst generating HRM , the in-game currency.
We were joined on the Trader Joe Discord server by Memur from Heroes of NFT to discuss their partnership with Rocket Joe, Avalaunch and the PVP card game. You can hear the full recording here.
💼Banker Joe — Joe Reward Adjustments
Get over 8% for stables and 10% for AVAX deposits ✨
- MIM — Stopped for both Supply + Borrow
- USDT.e + USDC.e — Increased for Supply
- USDT.e + USDC.e — Decreased for Borrow
- AVAX — Stopped for Borrow
Orbs — ORBS HQ
- Trader Joe has partnered with Orb’s Open DeFi notification protocol, helping you to stay safe and on top of your game
- Get DeFi notifications for Banker Joe Liquidation Thresholds (with customisable percentages)
- Follow the link below to download the app
Domi Online — Domi Online
- New partners, DomiOnline, is a P2E MMORPG set in an expansive medieval world.
- DOMI / AVAX Double rewards farm deploys on Tuesday, followed by an AMA with the team on Discord (Date)
Cook Finance — Cook
- Cook Finance has integrated Trader Joe, launching the first-ever DeFi Index platform on Avalanche
- Cook Finance automatically sources underlying tokens through the Trader Joe DEX
- Users can diversify individual token price risks, combining assets into a ‘single token’. simplifying the investment process with a streamlined experience.
Learn how Trader Joe is integrated into the Cook DeFi Index platform
At Cook we’re proud to share that we integrated Trader Joe, one of the largest DEXes on Avalanche, into the Cook…
Kattana Integration — Kattana
- Trader Joe is now integrated with Katana, the cross-chain trading terminal for DEX’s and CEX’s
- Trade-in real-time on over 40 DEXs across multiple networks, with access to 24 charts on one screen, 3 types of limit orders, an AI-powered news aggregator, data analysis, and more.
🐷 JOE Token Staking V2
Trader Joe’s tokenomics overhaul is close at hand, with sJOE now in audit and veJOE on its way, soon users will be able to stake JOE for three new options:
- Stake JOE for sJOE and receive platform revenue share in USD stables.
- Stake JOE for rJOE and receive allocation credit for new launches
- Stake JOE for veJOE and receive farm boosts (up to 2.5X) in selected farms.
- veJOE took inspiration from the huge success of Platypus.finance vePTP
You can read our papers for Tokenomics/Staking here:
Thank you to our investors GBV for the following write up:
🖱Site updates: Farm settings and search bar
- An updated platform UI gives users an even more streamlined experience.
- Users can now use Trader Joe’s search bar to quickly sort by Token symbol and trade the top 100 trading volume pairs — this will be expanded soon
- On the farms page, users can Hide/Show Inactive Farms (Farms with 0% JOE Rewards) and the choice of whether to see full or compacted APR Farm Cards.
- A number of UX/UI changes have been deployed since shipping Rocket Joe, we will continue to monitor and take onboard community feedback.
- Larger UX/UI Changes are in the works — stay tuned for more.
- You can now hear Trader Joe’s most recent community call with co-founder Murloc
- The team took questions from the community in Discord, with topics ranging from Rocket Joe, Staking V2, The NFT Marketplace and more!
Trader Joe has expanded the number of localized Telegram Channels for non-English speaking communities. You can find the full list below. If you are a community manager with a proposition for new channels, please don’t hesitate to get in touch.
Check out our new notion page, a smart hub collecting key resources and handy links and tips!
About Trader Joe
Trader Joe is a one-stop-shop decentralized trading platform native to the Avalanche blockchain. Trader Joe builds fast, securely and aims to serve the community at the frontier of DeFi. Maximize your yield generating activities under one fully integrated roof, providing you with a unique, innovative, and highly accessible DeFi experience.