MELD-Liquidity Pool Announcement Trader Joe v2

MELD expands into the Avalanche ecosystem with a new liquidity pool collaboration with Trader Joe

We are excited to announce that we have teamed up with Trader Joe, the largest and most popular decentralized exchange on Avalanche, to create a new liquidity pool for the MELD-AVAX pair. This marks yet another milestone in MELD’s expansion into the Avalanche ecosystem, and we’re extremely excited to be working with Trader Joe’s team.

What is Trader Joe?

Trader Joe is a fast and low-cost DeFi platform that allows users to trade and lend over 100 crypto assets, including its own governance token, JOE. Users can also access innovative DeFi products and services on Trader Joe, such as yield farming, NFT trading, and cross-chain bridging. Trader Joe has a loyal and active community of over 100,000 users and 50,000 holders of JOE token across multiple blockchains, including Avalanche, Arbitrum, and Binance Smart Chain. Trader Joe has a TVL of over $100 million and has facilitated $85bn in trading volume since launching in mid-2021.

MELD x Trader Joe

This collaboration with Trader Joe is the first step towards making our MELD token more interoperable and an omnichain token. By having liquidity pools on different chains, we are making it easier for people to trade and move between chains, ensuring that our users have greater flexibility and control over their assets.

The liquidity pool for the MELD-AVAX pair will be launched on Trader Joe v2 which is a new version of Trader Joe’s decentralized exchange based on Liquidity Book, a novel AMM protocol that offers several improvements over the previous version. Some of these improvements include:

• Zero slippage for swaps between ticks, which are discrete price ranges with constant sum invariant.
• Dynamic fees to improve liquidity provider profitability, which consist of a fixed and a variable component that adjusts to market volatility.
• Fungible liquidity positions, which means that users can receive the same LP tokens regardless of the price range they provide liquidity to, and can also trade or transfer their LP tokens without affecting their exposure.
• Flexible liquidity distribution, which means that users can provide liquidity in any shape they desire across the price range, instead of being restricted to a uniform distribution.

These features make Trader Joe v2 more efficient, flexible and user-friendly than Trader Joe v1, and also more competitive with other AMMs. MELD users should be aware of these differences and how they affect their liquidity provision and trading experience on Trader Joe v2.

Another exciting feature of Trader Joe v2 is that it has recently opened 25bps permissionless pools, which allow users to create liquidity pools with a low fee of 0.25%. This fee is lower than the standard fee of 0.3% on Trader Joe v1 and most other AMMs, and is suitable for high-volume and low-slippage pairs. The 25bps permissionless pools are also fungible, meaning that they use the same LP token as the standard pools, and can be easily migrated or swapped. The MELD-AVAX pair will be one of the first pairs to use the 25bps permissionless pool on Trader Joe v2, which means that users will enjoy a cheap and efficient trading and liquidity provision service with the lowest fees possible.

For more details on how Trader Joe v2 works, please refer to their documentation.

Check out our pool below: https://traderjoexyz.com/avalanche/pool/v21/0x333000333b26ee30214b4af6419d9ab07a450400/AVAX/25

We are thrilled to be closely working with Trader Joe and look forward to an exciting expansion into the Avalanche ecosystem.

Stay tuned for more exciting announcements…

MELD — Be Your Own Bank

MELD is a non-custodial DeFi protocol for web3 finance that enables users to have full control of their assets without intermediaries. It offers cross-chain lending, borrowing, staking, and integrated fiat banking services on the MELD blockchain. MELD supports six leading blockchains, allowing seamless asset transfer, and bridging is integrated into the MELDapp. Overall, MELD is a comprehensive DeFi protocol that empowers users to take control of their finances through a single platform. It is positioned to become a leading player in the DeFi space with its cross-chain capabilities and integrated fiat banking services.

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