Published in


Banker Joe Lending Strategies on Snowball

Snowball now supports compounding and folding strategies for Banker Joe’s new lending services.

The following tokens can be deposited into Snowball for Banker Joe to maximize your returns: ETH.e, wBTC.e, LINK.e, USDC.e DAI.e, and USDT.e.

Deposit your tokens into Snowball here.

Snowball’s Strategy

Snowball’s strategies for Banker Joe go beyond compounding. We have developed new strategies that work with lending called folding strategies.

Here’s how they work:

  1. Deposit your tokens on Snowball. Snowball automatically lends them out on Banker Joe for you.
  2. Snowball then uses the tokens it supplies as collateral to borrow more of the same tokens.
  3. The new borrowed tokens are lent out again to maximize the deposited amount. This process is repeated up to a level that is deemed “safe.”
  4. The rewards received from Banker Joe (JOE and soon AVAX) are sold for more of the underlying tokens deposited. This causes your initial deposit to grow.

Based on Banker Joe’s collateral factors, we’ve created strategies that borrow up to a maximum level. This level is different for each token and can be seen below:

What is Banker Joe?

Banker Joe is a new lending protocol built on Trader Joe. It works similar to protocols like Aave and Benqi, which have also launched on Avalanche.

Banker Joe allows depositors to lend out assets to borrowers and provides incentives for people deposited. These incentives are compounded in Snowball’s strategies and currently include JOE rewards. In the future, Banker Joe will also reward depositors with AVAX rewards from Avalanche Rush.

About Snowball

Snowball is an auto-compounder for liquidity rewards and an automated market maker (AMM) for stable assets. It was the first auto-compounder launched on Avalanche and it prides itself on being entirely community run. If you’d like to be a part of Snowball, join the conversation in Discord or Telegram. Stay up to date on our Twitter.

Website | Twitter | Discord | Telegram | Docs | GitHub




The Avalanche-native, community-driven venture DAO and auto-compounder. Snowball your returns with us and join us in bringing innovative products to the Avalanche ecosystem.

Recommended from Medium

FORT(Forta) Gets Listed on XT.COM Trade to Share a Reward Pool of $8,000

XT Announcement on the launch of “POKT Airdrop” activity

Crypto Industry Heavyweights, Dr Jane Thomason and Hartej Sawhney, join the Advisory Board at DeFi…

XT WIll Launch Phase 1 of BZZ Mining Subscription

Forget about a regular bank saving account, the future of savings by DeFi and Liquidity Mining is…

💖XT.COM Weekly Report November 29th — December 3rh💖

XT Will List MIM

I’m good in crypto and digital currency

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


Snowball is an auto-compounder for liquidity rewards and an automated market maker (AMM) for stable assets. It is built on the Avalanche blockchain.

More from Medium

Solidly hyped up for Fantom DeFi

Summit DeFi — Launch & Farm Overview

Introducing Spiral Finance. A new step in yield farming bringing a true WE(3,3)

Baloney Bones on the Disruptive Force of Thorchain, New Integrations and Strategic LP-ing.