Crypto Exchange Trader Joe Nears Launch of Upgraded Trading Engine

Liquidity Book V2.1 is intended to make it more efficient for depositors to add tokens to Trader Joe’s liquidity pools.

AccessTimeIconMar 31, 2023 at 9:11 p.m. UTC
Updated May 9, 2023 at 4:11 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Decentralized crypto exchange (DEX) Trader Joe will upgrade its Liquidity Book, its trading engine automated market maker as soon as next week, the project’s pseudonymous marketing lead, Blue, said on a community Discord call that CoinDesk attended Friday.

Liquidity Book V2.1 will make it more efficient for depositors to add tokens to Trader Joe’s liquidity pools and also improve the on-chain trading experience, Blue said. Trader Joe has three implementations: on Arbitrum, BNB Chain and Avalanche, its biggest.

  • Uniswap Liquidity Signals ETH Optimism
    01:21
    Uniswap Liquidity Signals ETH Optimism
  • Fed's Next Sharp Pivot Could Come From a Liquidity Crunch: Economist
    00:59
    Fed's Next Sharp Pivot Could Come From a Liquidity Crunch: Economist
  • Bitcoin Holds Steady Above $17K
    06:44
    Bitcoin Holds Steady Above $17K
  • Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
    01:15
    Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
  • The upgrade will also introduce “auto-pools” that will automatically manage depositors’ active positions in high-yield liquidity pools to mitigate risk. A new rewards program also set to launch will focus on distributing tokens for those that participate in Trader Joe’s concentrated liquidity.

    Trader Joe has $131.78 million in total value locked and had done more than $520 million in trading volume since March 26, according to crypto statistic website DefiLlama. The price of JOE was trading at 60 cents at press time.

    Edited by Danny Nelson.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Sage D. Young

    Sage D. Young was a tech protocol reporter at CoinDesk. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.