Trader Joe, the multichain decentralized exchange, has recently launched a new feature called Auto-Pools, which is set to improve liquidity and user experience on the platform.

According to a Trader Joe announcement, the project will deploy the Liquidity Book ver2 feature on Avalanche, Arbitrum, and BNB Chain with the name Auto-Pools. This new feature will combine the efficiency of Liquidity Book and the simplicity of Joe ver 1.

In 2023, Trader Joe has continuously introduced new updates to improve the platform’s liquidity situation. The most notable of these updates is the deployment on multichain and the Liquidity Book feature. Since the launch of ver2 (a centralized liquidity model with Liquidity Book), Trader Joe has earned more than $30 million TVL on the Arbitrum ecosystem, according to DefiLlama.

But Trader Joe is not stopping there; it is continuing to improve the user experience by combining liquidity book with Joe ver 1.

“Auto-Pools introduce automatic position management for Liquidity Book. Users who do not want to manage their positions can use Auto-Pools instead. Auto-Pools will increasingly bring new, unique choices like off-chain signals and combinations of different assets,” Trader Joe said in an interview with Interlock.

In addition, the project revealed that users who deposit tokens into Auto-Pool will receive a representative token. This token will be used for other decentralized financial activities such as yield farming and collateral. This is one of the features of Joe ver 1 that people still commonly use. “Furthermore, the transaction fee of Auto-Pools will be shared with sJOE, JOE’s staking token,” Trader Joe added.

Since the beginning of 2023, the price of JOE, Trader Joe’s token, has increased by more than 400%, from $0.13 to $0.66. Currently, JOE is trading at around $0.6 according to Coingecko data.

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Trader Joe’s Auto-Pools feature is set to revolutionize the way users manage their positions and improve liquidity on the platform. The combination of Liquidity Book and Joe ver 1 will undoubtedly make it easier for users to participate in decentralized financial activities. With JOE’s price steadily increasing, it is clear that the market is responding positively to these developments.

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This article was republished from azcoinnews.com

Trader Joe’s Github has announced that it has merged LB v2.1-related commits into the main branch from v2.1. The company, which is known for its automated market maker trading engine, Liquidity Book, has announced that it will upgrade the engine to version 2.1 as soon as this week. The announcement is a big deal for the Trader Joe’s community, as it will make it more efficient for depositors to add tokens to Trader Joe’s liquidity pools and improve the on-chain trading experience.

For those who are not familiar with the Trader Joe’s automated market maker trading engine, it is a decentralized exchange that uses an algorithm to set token prices based on supply and demand. The engine operates by creating liquidity pools, which are pools of tokens that traders can buy and sell. The pools are filled with funds from depositors who provide liquidity in exchange for a portion of the trading fees.

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The new version, Liquidity Book V2.1, promises to improve the efficiency of the platform by making it easier for depositors to add tokens to liquidity pools. This will increase the amount of liquidity available on the platform, which will make it easier for traders to buy and sell tokens. The upgrade will also improve the on-chain trading experience, which means that trades will be processed faster and with lower fees.

The announcement has been met with excitement from the Trader Joe’s community, who are eagerly awaiting the release of the new version. Many traders have expressed their enthusiasm for the improved efficiency and faster processing times that the upgrade promises to bring. The company has also announced that it will be releasing a detailed breakdown of the changes in the new version, so traders can stay informed about the updates.

This announcement is just the latest in a series of moves that Trader Joe’s has made to improve its trading engine. The company has been rapidly expanding its user base, and has recently launched a new website to make it easier for traders to access the platform. The company’s commitment to providing a fast and efficient trading experience has made it a popular choice among crypto traders, and this latest upgrade is sure to solidify its position as one of the top automated market maker trading engines on the market.

Overall, the announcement of the Liquidity Book V2.1 upgrade is great news for the Trader Joe’s community. The improved efficiency and faster processing times promised by the new version will make it easier for traders to buy and sell tokens, and will make the platform even more popular among crypto traders. As always, traders are advised to stay up to date with the latest news and updates from Trader Joe’s Github, to ensure that they are making the most of the platform’s many features and benefits.

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This article was republished from azcoinnews.com

Focusing on Joe V2’s new AMM Liquidity Book

With the airdrop of the $ARB governance token to arbitrum mainnet users on March 23rd, the competition between DEXs to capture the liquidity that has been poured into the Arbitrum ecosystem is fierce.

In the midst of all this, one protocol has emerged as a dark horse with steep TVL growth and high fee reward rates, and it's Trader Joe!

In this article, we'll take a look at Trader Joe's upgraded version, Joe V2, and its new AMM Liquidity Book.

Read the full research here: https://link.medium.com/WENOYdsc3yb

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