Ethereum is the world’s largest smart contract enabled blockchain in the world ushering in utility to the Internet of value like never seen before. Ethereum is a very interesting design structure in that it is basically an internet protocol with a monetary unit built in. This monetary until of course has value due to the utility of the asset Ether within the Ethereum ecosystem. If someone wants to transact on the Ethereum network they will have to pay a network fee denominated in Ether to do so, some of which will be burned from supply forever. If someone wants to earn a native internet yield backed by global blockchain commerce they will need to stake 32 Ether (16 Ether with RocketPool) to become a validator. If someone wants to create a blockchain loan in seconds without the pain of bank processes, they will need to lock Ether on the Ethereum blockchain in a smart contract as collateral. If someone wants to create an application on Ethereum they will need to spend Ether uploading the smart contract to the blockchain. These are all examples of Ether utility and if you dive deeper into each one you can see how they fit into my sink, faucet, blackhole thesis.

Trader Joe is an AMM style decentralized exchange on Avalanche. Trader Joe combines DEX services with DeFi lending to offer leveraged trading. Trader Joe’s products are community driven which allows them to allocate fees collected from liquidation and swaps back to the users via the JOE/xJOE staking mechanism. JOE is a governance token that also rewards its holders with a share of exchange revenues.

Trader Joe is an AMM style decentralized exchange on Avalanche. Trader Joe combines DEX services with DeFi lending to offer leveraged trading. Trader Joe’s products are community driven which allows them to allocate fees collected from liquidation and swaps back to the users via the JOE/xJOE staking mechanism. JOE is a governance token that also rewards its holders with a share of exchange revenues.

Trader Joe is an AMM style decentralized exchange on Avalanche. Trader Joe combines DEX services with DeFi lending to offer leveraged trading. Trader Joe’s products are community driven which allows them to allocate fees collected from liquidation and swaps back to the users via the JOE/xJOE staking mechanism. JOE is a governance token that also rewards its holders with a share of exchange revenues.