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Trader Joe forms strategic partnership with Stargate Finance
Trader Joe announces a strategic partnership with Stargate Finance to unlock and power forward seamless connectivity for all omnichain fungible tokens (OFT).
Trader Joe and Stargate
With the recent announcement of the LayerZero integration, the JOE token has now been turned into an OFT and can be bridged across Avalanche, Arbitrum and BNB and future blockchains with a 1:1 ratio directly on Trader Joe. As part of that extended integration, the Trader Joe decentralized exchange (DEX) will also be partnering with Stargate Finance - one of the largest protocols built on top of LayerZero.
Thanks to the integration of the OFT standard, JOE can be supported directly on Stargate without the need of liquidity pools. This opens up a vast new bound opportunity of growth and interaction with any partner that composes on top of Stargate.
To deepen the ties of this partnership, Trader Joe will be bringing forward a governance proposal to the Stargate community to request a move of its protocol owned liquidity (POL) to Trader Joe on Arbitrum. Trader Joe looks forward to engaging and working with the Stargate community, to further push forward the possibilities of this partnership.
Unlocking the omnichain universe
The omnichain universe is here to stay and with this strategic partnership, Stargate Finance and Trader Joe will work together to unlock a true omnichain decentralized finance experience.
About Stargate Finance
Stargate is a fully composable liquidity transport protocol that lives at the heart of Omnichain DeFi. With Stargate, users & dApps can transfer native assets cross-chain while accessing the protocol’s unified liquidity pools with instant guaranteed finality.
About Trader Joe
Trader Joe is a one-stop-shop decentralized trading platform and the creator of Liquidity Book, the most efficient AMM in DeFi. Trader Joe offers a comprehensive DeFi platform where you can Swap Tokens, Yield Farm, Supply and Borrow and shop for NFTs. Visit Trader Joe and discover DeFi today.