Multi-Chain Expansion
Trader Joe will be deploying the highly innovative and efficient Liquidity Book AMM onto Arbitrum One, a next-generation Layer-2 network, bringing zero slippage trades and discretized liquidity provisioning to all Arbinauts.
Why Arbitrum?
Arbitrum is the leading Ethereum Layer-2 scaling solution, developed by Offchain Labs. Since launching in August 2021, TVL has grown to hold a majority share (over 50%) in the L2 segment and the ecosystem home to more than 400 DeFi and NFT projects. The Arbitrum ecosystem is packed with progressively innovative protocols, as well as having presence from many industry leading DeFi protocols. Deploying Liquidity Book onto Arbitrum, will be a great addition to the vibrant ecosystem.
Exporting Innovation
Avalanche is the birthplace and true home of Trader Joe and that will not change. Avalanche will remain our top priority for all growth efforts.
Our aim was to always innovate on the frontiers of DeFi at a global level. We have achieved our first step with the launch of our new AMM, Liquidity Book, the most efficient AMM built to date that offers an unparalleled user experience that is fully on-chain and decentralized.
Deployment to Arbitrum One is the next step in this global expansion effort and we look forward to introducing the innovative AMM built on Avalanche, and also working with new partners to benefit the collective DeFi ecosystems of Arbitrum and Avalanche.
What exactly is deploying onto Arbitrum?
Liquidity Book AMM and Joe V1 will deploy on the Arbitrum One network, this move will combine a next generation AMM protocol with a next-generation Layer-2 network. A quick recap on Liquidity Book:
The Liquidity Book AMM is highly efficient, flexible and composable AMM
The key features of Liquidity Book AMM:
Novel Volatility Accumulator that controls a volatility adjusted dynamic fee
Discretised bin architecture enabling the concentration of liquidity
Composable architecture with fungible token receipts
Minimal trading fees, thanks to zero slippage swaps
For a full recap of the Liquidity Book AMM check out this article: Link
What is NOT deploying onto Arbitrum?
Trader Joe will not be deploying the JOE Token, nor the full suite of DeFi products that has been built on Avalanche in this initial phase. For clarity, the below graphic clearly highlights what is deploying and what is not deploying on Arbitrum One.
Disclaimer: Whilst this is the primary plan, there may or may not be changes in the future
What is the expected timeline for Deployment?
Trader Joe is working closely with the Offchain Labs team to launch onto the Arbitrum testnet within the coming days. We expect that mainnet will be deployed onto the Arbitrum One network by early January and all communications will be prompt in the expected timeframe.
Twitter Spaces
Please join us on the 5th of December at 3pm UTC where Trader Joe will be hosting a Twitter Spaces event with the Offchain Labs Team.
About Trader Joe
Trader Joe is a one-stop-shop decentralized trading platform native to the Avalanche blockchain. Trader Joe offers a comprehensive DeFi platform where you can Trade, Lend and Leverage, participate in a Launchpad and shop for NFTs. Visit Trader Joe and discover what DeFi can really offer.
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🔵🟠 About Arbitrum
Arbitrum One is a leading Ethereum Layer-2 scaling solution developed by Offchain Labs. An Optimistic Rollup, Arbitrum One provides ultra-fast, low-cost transactions with security derived from Ethereum. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 50%+ TVL in the L2 segment. 400+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.
