What is Trader Joe?
Trader Joe is a one-stop-shop decentralized trading platform native to the Avalanche blockchain. The project was launched in July 2021 and since then had USD 2.5b TVL at its peak which is currently at around USD 100m TVL.
Since the Avalanche Rush and period of growth for the ecosystem, $JOE has easily gained the reputation for being a “blue chip” in the ecosystem and had a remarkable run from late August 2021, growing to as fast as 1 billion TVL locked by the end of September, then had 2.5 billion TVL at its peak but dropped together with other protocols now to currently at around USD 100m TVL.
The project is community-driven and governed by its native token - JOE. The token has an initial supply of 500M, of which 50% is reserved exclusively for liquidity providers. So, LPs earn JOE rewards for providing liquidity to the pools.