// joi : A defi trading vault platform enabling hyper efficient on-chain liquidity for decentralised finance
joi exists to address the liquidity need within decentralised finance. Defi continues to grow and its mission to re-write the system and improve economic freedoms is well underway. For defi to succeed we need strong, stable, liquid and efficient markets. Its time to provide a product that enable you to provide hyper efficient on-chain liquidity, while receiving rewards for doing so, all the while keeping you liquid.
>Introduction_
joi is a decentralised protocol built on BASE that will provide a crypto-native solution for liquidity and yields not reliant on traditional banking system infrastructure, through a globally accessible and permissionless decentralised platform to deposit crypto into yield generating vaults.
joi’s vaults will provide a censorship resistant, scalable and stable crypto-native solution for decentralised finance liquidity. These vaults run liquidity providing strategies inside them and generate a performative return for doing so. This performative return is shared with depositors enabling a high yield to be paid.
>Vaults_
The vaults are open to all participants, you can select vaults that you wish to deposit crypto into and start receiving a yield on this.
Strategy
The vaults generate yield through a performative share. Within a vault is a specific liquidity provision strategy that has been designed to provide liquidity in a risk appropriate way while accumulating a positive return.
Borrow
To ensure depositors remain liquid joi's borrow feature unlocks a revolutionary way to access liquidity without triggering a realised gain. You are able to borrow in an overcollateralised fashion USDC against your vault deposit. This allows you to create liquidity while not trigger a realised gain. Your vault deposit continues to share the performance.As an example : you deposit 10,000$ into a market making vault that give you a share of the performance. you then borrow 5,000$ against your deposit, paying a fee. you are then able to use that 5,000$ as you wish all the time while its still earning a performance share.
>Governance_
The joi protocol is a public good owned and governed by $joi token holders.
Decentralisation promises a future where power shifts from centralised entities to the hands of the community. But for this vision to be fully realised, dApps need to evolve beyond their current limitations. This is where joi steps in, a project weaving together the narrative of AI and decentralised applications, aiming to usher in a new era of community-driven financial markets.
The joi AI Agent: the Application and the Orchestrator
Unlike traditional dApps, joi is not just an application; it’s a living, breathing AI agent. This agent acts as the orchestrator for various functionalities within the application, ensuring a hands-off approach to control from a central authority. Imagine an application that governs itself while empowering the community to participate in its evolution
>Impact_
joi solves the liquidity trap that happens with small cap tokens, token launch’s, and DEXs. There isn’t enough market makers in crypto and naturally the liquidity goes to the top. Taking a more decentralised approach to market making, joi’s back-able market making strategies will work with those that need liquidity and use community quadratic funding to pool resources together. Market making remains one of the key factors in crypto markets and we do need to rewrite the system slightly, especially where decentralised participation is involved.
>The problem_
Decentralised finance (DeFi) is only as good as how the network is decentralised! We need decentralised market infrastructure to build effective decentralised finance (DeFi)! This starts and ends with the users (you) and with how the ecosystem creates liquid and efficient markets.
joi will help you, enable a truly decentralised world for transparent, fair, and efficient markets. By promoting transparency, levelling the playing field for fair opportunities, and driving efficiency — joi empowers you. This commitment to autonomy will increase economic freedom, offering a pathway to individual financial empowerment!
As we mentioned, DeFi is only as good as how the network is decentralised! joi emphasises the pivotal role of decentralised participation in crafting liquid and efficient markets on DeFi platforms.
Why does it matter? DeFi’s strength lies in decentralisation! joi ensures participants actively shape the landscape, strengthening the ecosystem’s resilience. By prioritising decentralised market creation, joi not only aligns with DeFi’s impact but moves it towards real world success, fostering accessibility, transparency, and global financial inclusivity for the world!
We need decentralised market infrastructure to build effective decentralised finance! This starts with how the ecosystem creates liquid and efficient markets on decentralised trading platforms and protocols.