Discover more from Joe Content
Level & Trader Joe: Teaming Up for Liquidity
Trader Joe and Level Finance have teamed up to bolster LVL liquidity in the Arbitrum ecosystem and collaboratively spur omnichain growth.
This collaboration highlights Trader Joe's commitment to support Level Finance by offering efficient liquidity provisioning and a seamless trading experience for the LVL token. It also underscores the mutual dedication to bolster each protocol's standing in the DeFi landscape, while working together to propel growth towards a shared omnichain future.
LEVEL is an omnichain decentralized and non-custodial perpetual exchange offering a unique user-elected risk management framework built entirely from the ground up, enabling bespoke and innovative solutions for liquidity providers.
LEVEL has facilitated over $17 billion trading volume and accrued over $20M in protocol revenue in just 5 months since launching, marking it the most successfully launched perpetual exchange in DeFi. After successfully becoming the largest perpetual DEX on the BNB Chain, it’s finally time for LEVEL to expand its horizons across more ecosystems.
Level Finance have opted to call the Trader Joe DEX their home with the LVL Token by utilizing Liquidity Book, a bespoke Automated Market Maker (AMM). Liquidity Book is built on a discretized bin architecture that offers several significant improvements over current concentrated liquidity AMMs. Firstly, it maintains fungibility of all liquidity, thereby enhancing composability and facilitating the creation and deployment of unique liquidity strategies by users. Secondly, a constant sum invariant is employed during trading, allowing for a 1:1 swap with zero slippage..
To bootstrap liquidity on Trader Joe, Level has migrated the DAO-owned portion of the LVL/USDT LP from BNB Chain to Arbitrum valued at $750k.
As a next step, liquidity incentives will be announced to further grow liquidity. Community events and marketing will be announced over the next weeks and deepen this collaboration.
This will include live AMA’s, giveaways and quests. So stay tuned!
Since the very start, the idea of becoming an omnichain liquidity hub has always been at the core of both projects. We are excited to continue to build this future, along with our dedicated communities!
We’re not here to sell you a product, we’re here to build a community.
About Level Finance
LEVEL is the omnichain perpetual DEX, enabling fully permissionless on-chain and non-custodial trading with up to 50x leverage.
At LEVEL, we provide cutting-edge risk management solutions for liquidity providers, allowing you to choose your preferred level of risk and asset exposure. All income generated from trading fees is distributed in the form of real yield to LEVEL stakeholders.
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.