Trader Joe has launched its AMM liquidity book on the BNB Chain. The Liquidity Book is the ‘most efficient.’ The recent move to BNB Chain aligns with the protocol’s plans to ‘re-energize’ the BSC ecosystem in DeFi.
Trader Joe, a decentralized trading platform on Arbitrum and Avalanche, has officially launched its Automated Market Maker (AMM) liquidity book on the BNB Chain.
According to reports, the Liquidity Book is the ‘most efficient’ AMM in Decentralized Finance (DeFi), which increases real yield generation for Liquidity Providers and reduces swap costs for traders.
“Thanks to the novel innovations of the Liquidity Book, traders can execute swaps with greater efficiency and liquidity providers can enhance their capital efficiency and yield generation,” Blue, marketing lead at Trader Joe told BSC News.
The following pairs are available for users to provide liquidity and swap across them.
According to the Trader Joe’s team, more markets will be open in the very near future. Moreover, the Liquidity Book’s next phase will enable the democratization of active and ‘extremely efficient liquidity provisioning.’
Insight On The BNB Chain Ecosystem
Blue from Trader Joe also provided insights on the protocol’s move to BNB Chain.
“BSC ecosystem has some great projects, but there is a clear need for a strong, on-the-ground project that champions local communities and drives real and genuine engagement to help foster greater advocacy,” Blue told BSC News. “BSC is the centre-point in almost all areas of our operations, and Trader Joe is never short of both conviction and determination.”
As per the marketing lead, Trader Joe’s deployment on BNB Chain aligns with both Joepeg’s NFT marketplace and Joe Studios’ in-house NFT team. As reported, the team has multi-pipeline plans to ‘re-energise’ the BNB Chain ecosystem in all aspects of DeFi.
What is Trader Joe:
Trader Joe is the most popular trading platform on Avalanche. It focuses on DeFi, with trading and lending being key areas for the company. The ultimate goal of Trader Joe is to become a ‘one-stop shop’ for DeFi.
Where to find Trader Joe:
Source : bsc.news
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