Cultivation Club Circular
Published on the 21st of November: Edition #2
TLDR
- New Farms: CRA (0.5X)
- GRO (0.5X)
- BLZZ (0.3X)
Introduction
Our productive cultivators have been working the land, nurturing a thriving crop of new CRA, GRO and BLZZ farms. The club allocations so far have seen over $4 million in new liquidity brought to the platform, proving that our community does indeed have green fingers.
🌿Community Farm Launches
1. CRABADA 🦀
CC Vote Results
- For: 100%
- Against: 0%
Farm launched: CRA (0.5X)
The club unanimously voted to induct CRA into Trader Joe’s community farm, recognising the excitement surrounding the newly launched play-and-earn idle game on Avalanche. Users can mine, loot, breed and battle with their pet hermit-crabs, optimizing strategies along the way to gain the most synergistic lineups and earn TUS rewards.
“Crabada serves as an entry point to introduce more users to Trader Joe. Crabada will provide a pull factor for gamers to enter Avalanche blockchain, and they are required to use the Trader Joe DEX in order to obtain the in-game currency to begin playing” LW
Website Link
2. GROWTH DEFI 🌾
CC Vote Results
- For: 95%
- Against: 5%
Farm launched: GRO (0.5X)
With Growth DeFi’s recent cross-chain launch on Avalanche and their unabashed support for Trader Joe, the club voted to install a GRO community farm with little hesitation. GRO comes with a host of benefits, increasing JOE utility, with JLP pairs and single assets, including xJOE, enabled as collateral so that users can leverage their capital up to 3X on certain pairs, drastically increasing farming returns. Excitingly, as part of the launch of WHEAT, Growth DeFi’s yield optimizer, users holding a minimum of 5 xJOE will be eligible for an airdrop of their governance token GRO. For more information on the airdrop, visit the link.
xJOE Airdrop details:
“Multi chain farming within a single asset on BSC and AVAX — sounds dope to me” MtDoji (Cultivator)
Website Link
2. BLIZZ FINANCE 👻
CC Vote results
- For: 60%
- Against: 33%
- Undecided: 6%
Farm launched: BLZZ (0.5X)
Blizz Finance’s token operates on a similar level to Geist on Fantom, a decentralized non-custodial liquidity market protocol where depositors can provide liquidity to earn passive rewards, facilitating over-collateralization or under-collateralization against borrowed tokens.
The club agreed that this would be a great opportunity for holders to put their BLZZ to work without locking, expanding the possibilities beyond the Blizz.Finance platform. In addition, Blizz.Finance has been bullish on Trader Joe since their inception, with 20% of supply given as incentives for BLZZ/AVAX on TraderJoe liquidity providers, released over a period of five years.
🌿Coming Soon
4. PENDLE ⏺
CC Vote results
- For: 75%
- Against: 25%
There was much discussion amongst the cultivators around the complexity of Pendle’s offering as the first yield trading protocol on Avalanche, enabling users to lock and receive future yield and accumulate leveraged yield exposure. After an illuminating AMA with the Pendle team, it seems that the club is looking forward to the prospects of a Pendle farm.
“The project is great, really worked on UX too, for those who want a sit and forget type experience” Fiddle Lead
“The product is nice and ppl wont be afraid to play with it with low gas costs” AlexAlmighty
Cultivator verdict: “Big Brain Pendle”.
🌿Trader Joe AMAs
Pendle
Trader Joe’s held their first ever Discord AMA on November 15th, with Blue (Marketing Lead) and Liquidwawa (Market Analyst) hosting Pendle Finance’s TN and Dan. The talk and Q&A session covered the breadth of Pendle’s vision, including the main propositions, benefits for the Trader Joe platform and the future of the protocol. Listen here.
🌿Next Up
Talecraft (22/11/21–5pm GMT
Join us in Discord for the second installment of Trader Joe’s partner talks, where the team will be chatting with Talecraft, a brand new gaming project with a record $900K IDO coming to Avalanche, launching on Trader Joe on the 26th.
🌿Join the Club
The Cultivation Club will empower the voices of our brightest members, enhancing the functionality and performance of the Trader Joe Platform. Installing efficient governance systems for a more accountable and autonomous Trader Joe, without sacrificing agility, is paramount and we thank you for your patience whilst we take the necessary steps to achieve this goal.
Now at 21 members (not including the Trader Joe team), we are looking to expand our ranks. If you’d like to get involved, hop into our discord server and achieve the level 5 ‘Mini Joe’ rank to be eligible for participation.
About the Cultivation Club
The Cultivation Club is Trader Joe’s new governance panel, a Community Club overseeing the selection and on-going management of the platform’s Community Farms. This initiative moves Trader Joe closer to becoming a fully decentralised and transparently operated ecosystem, as well as aiding in the cementation of the platform’s status as Avalanche’s number one liquidity provider.
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. The long-term vision of the team is to make Trader Joe an R&D-focused platform for new DeFi primitives not yet seen on any blockchain.
