XAV is Moving to Balancer!

With the recent launch of staking for XAV we’ve made the decision to redeploy liquidity from TraderJoe to Balancer. This move allows XAV holders to take advantage of deeper, more efficient liquidity pools offered by Balancer’s 80/20 model.

The XAV:USDC pool on Balancer is already live, and ready for use with some initial community LPs already staking at the time of writing. Simply proceed to https://app.xave.co/staking where you can follow the Balancer link that will take you to the Balancer XAV:USDC pool page, here.

So, what does this upcoming move from TraderJoe to Balancer mean for you? A few important points:

• XAV’s liquidity will move from TraderJoe to Balancer at 12pm UTC on May 8th
• The primary trading venue for XAV will move from TraderJoe to Balancer
• This move will have no impact on holders of the XAV token

Read on to learn more details about the upcoming move!

Why Balancer?

Xave has worked closely with Balancer since the project’s early days, and our unique FXPools take advantage of Balancer’s v2 vault infrastructure. The capital efficiency of the 80/20 Pool structure means that Balancer is also the most favourable location for LPs to deploy liquidity.

Another other important factor is staking, and the incentives that Balancer’s BAL token model brings into play. We won’t dive deeply into the details here, but we’d strongly suggest reviewing Balancer’s own discussion on the subject!

What Does This Mean for Me?

On May 8th trading volume for XAV will move from TraderJoe to Balancer, but if you’re simply holding XAV in your wallet there is no impact on you or your tokens.

In the meantime, you can already trade XAV on Balancer (direct swap link here)

Additionally, don’t forget that 1inch also supports XAV trading:

https://app.1inch.io/#/43114/advanced/swap/XAV/USDC :