BOOST incentives live on Avalanche
Earn AVAX Rewards by providing liquidity on Avalanche
Trader Joe: Boosting Avalanche
Boost is a campaign hosted by Trader Joe that will see AVAX incentives distributed across liquidity pools over the course of the next ~four months. This initiative aims to bring back the excitement of the ‘2021 DeFi farms era’ that ignited the initial DeFi Avalanche ecosystem at a pivotal moment when new DeFi protocols are set to launch. As the central onchain marketplace for Avalanche, Trader Joe stands tall, serving the ecosystem and its participants as the leading token hub and main venue for the users on the Avalanche blockchain.
GRAB A CAN OF BOOST
Liquidity is vital for a prosperous ecosystem. Boost is therefore a program built to target and level up the entire ecosystem, by strengthening liquidity for all participating partners across the ecosystem. By uniting and collaborating under the Boost campaign banner, the Avalanche native builders both new and existing, can set a stronger foundation for the future of DeFi on Avalanche.
Visit BASECAMP BOOST for further information about the Boost Campaign ⚡
Jump straight to the Liquidity Book Pools with Rewards ⚡
How to Earn Boost Rewards?
BOOST rewards will be distributed over an approximate period of four months, with numerous pools available at any one time. There will be plenty of opportunity for participants to earn AVAX rewards.
Below are key BOOST markets with allocated AVAX rewards. Phase 1 will last for 4 weeks. Changes to incentives may occur within each phase.
There may be additional pools or different amounts allocated to pools, for the most up to date list of pools and rewards view BASECAMP BOOST ⚡
Jump straight to the Liquidity Book Pools with Rewards ⚡
During the Boost incentive period, markets and the allocated rewards will be reviewed every 2 weeks with potential adjustments made based on wider market dynamics. There may also be incentives that stop in some markets or markets that have additional incentives added.
Earning Rewards with Concentrated Incentives
TLDR: Keep your liquidity inside the reward range to earn AVAX rewards
Concentrated Incentives is the newly launched incentivize feature. It turns concentrated liquidity into a traditional V1 style yield farming experience, but built onto Liquidity Book. With Concentrated Incentives you can earn rewards instantly with your liquidity that is positioned in the active bin. In concept, it works the same as how you earn fees, your liquidity must be within range.
The % of your liquidity relative to all other liquidity providers will determine your proportional % share of rewards distributed to you via the reward range. In the video below, you can see the reward range in action. It is anchored to the active bin and will move, in sync, with the price of the assets in the liquidity pool.
Learn more
Concentrated Incentives: Full guide to help you understand the specifics
Rebalancing Your Position: Keep in the money by managing your position
Visit BASECAMP BOOST ⚡for further educational material to help you master Liquidity Book
Jump straight to the Liquidity Book Pools with Rewards ⚡
How Do I Get Started with Boost?
Follow the below steps to get started with your yield farming to earn AVAX
Navigate to the Pool Page: https://traderjoexyz.com/avalanche/pool
Select the ‘Has Rewards’ filter
Identify your preferred Liquidity Pools
Deploy your liquidity over your desired range
Claim your AVAX tokens as you earn them (you can claim at anytime you want)
Optional: Track the ‘Boost’ Channel in the Trader Joe Discord to stay up to date with further campaign changes
A Beginner's Guide: Managing Concentrated Liquidity
When you deposit liquidity into a Liquidity Book Pool, you are concentrating that liquidity over a range that you choose. To earn fees and AVAX rewards, your liquidity needs to stay within the active bin (range).
Here's what you need to know:
Stay in the Active Bin: Your liquidity will only earn fees and rewards if it remains within the selected range. If the asset price moves outside this range, your liquidity will stop earning.
Manage Your Liquidity: As prices move up or down, your liquidity might move out of the active range. When this happens, you’ll need to decide what to do next:
Adjust Your Range: You can move your liquidity to a new range that includes the current price, ensuring you keep earning fees and rewards.
Wait and Watch: You might choose to wait and see if the price moves back into your range. This is less active but can work if you believe the price will return.
Managing concentrated liquidity means keeping an eye on price movements and being ready to adjust your range to maximize your earnings. With practice, you'll get a feel for how to manage your liquidity effectively and this familiarity will help to earn more Boost rewards. Checkout the full onboarding guide (Basecamp Boost) linked below that dives into popular topics such as:
Concentrated Liquidity
Shapes and Strategies
How to earn Fees and Incentives
I’m “Out of Position” and rebalancing choices
Visit BASECAMP BOOST to see the full range of material⚡
Jump straight to the Liquidity Book Pools with Rewards ⚡
About Trader Joe
Trader Joe is a leading multi-chain decentralized exchange and the inventor of Liquidity Book, the most capital efficient AMM in DeFi. Trade your favorite tokens, access one-click yield farming and shop for the latest digital collectibles at the Joepegs NFT Marketplace. DeFi has never been easier thanks to Trader Joe.