At Stable Jack, we have been building the first yield-bearing stablecoin on Avalanche for the last six months. We are excited to share that we are launching on the mainnet soon!
After developing our products for months, we sought to partner with the best projects in the ecosystem to ensure a smooth launch.
Trader Joe is one of the OG Avalanche protocols and the most well-known project in the crypto ecosystem. With their innovative product, Liquidity Book, they have revolutionized not just Avalanche but also the broader DeFi ecosystem.
As we prepare to launch our protocol on the mainnet, we are thrilled to announce our partnership with Trader Joe!
What does the partnership look like?
Trader Joe is set to launch version 2.2 of Liquidity Book on Avalanche. A key feature of this new version is 'Concentrated Incentives', a new reward mechanism built on the first hook for Liquidity Book. Concentrated Incentives combines the instant, real-time rewards of classic yield farms with the targeted mechanic to build deeper liquidity that improves swap pricing. Stable Jack will be one of the first protocols to utilize Concentrated Incentives.
Trader Joe will experience significant stablecoin volume and liquidity flowing from Stable Jack users. This will drive trading fees and protocol revenue for sJOE stakers. We will incentivize the aUSD/USDC pool with our innovative incentive system, Discount Tickets. LPs on Trader Joe will benefit from Discount Tickets alongside trading fees!
This partnership is crucial for Stable Jack as it allows us to have deep liquidity and volume on the biggest DEX on Avalanche.
Conclusion
Stable Jack is one of the newcomer projects in the Avalanche ecosystem, and we are happy to work alongside the Trader Joe team. We hope to bring value to the ecosystem and achieve great success!
Let’s grow together!