Offering various DeFi services like swapping, staking, and yield farming, Trader Joe is a decentralized exchange (DEX) that operates on the Avalanche (AVAX) blockchain. Since its establishment in June 2021, the platform has witnessed considerable growth, with over $4 billion in total value locked (TVL) on its network. Trader Joe places a strong emphasis on community, innovation, speed, and safety, striving to provide an all-in-one DeFi experience while maintaining a high level of security. It also aims to integrate new products seamlessly and without compromising its security standards.
Trader Joe offers a user-friendly interface and all the necessary features of a modern DEX, with the added benefit of fast and cost-effective transactions. Users can earn JOE tokens by participating in yield farming, which can be staked and used for governance voting. In addition, the platform offers Banker Joe, a non-custodial lending protocol based on Compound (COMP), which enables users to borrow and lend funds. Users also have the option to open leveraged positions on their funds.
Trader Joe aims to increase the value and usage of the JOE token by introducing new functionalities that will position it as the leading DeFI platform in the Avalanche ecosystem. These features include the ability for users to use JOE as collateral for borrowing, and the facilitation of limit orders, options, and futures trading.
JOE is the native token of Trader Joe. It has a circulating supply of 336,436,965 JOE tokens and the maximum supply is 500,000,000
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