‍Trader Joe, a decentralized trading platform on Arbitrum and Avalanche, has officially launched its Automated Market Maker (AMM) liquidity book on the BNB Chain. 

According to reports, the Liquidity Book is the 'most efficient' AMM in Decentralized Finance (DeFi), which increases real yield generation for Liquidity Providers and reduces swap costs for traders. 

“Thanks to the novel innovations of the Liquidity Book, traders can execute swaps with greater efficiency and liquidity providers can enhance their capital efficiency and yield generation,” Blue, marketing lead at Trader Joe told BSC News.

The following pairs are available for users to provide liquidity and swap across them. 

According to the Trader Joe's team, more markets will be open in the very near future. Moreover, the Liquidity Book's next phase will enable the democratization of active and ‘extremely efficient liquidity provisioning.’ 

‍

Insight On The BNB Chain Ecosystem

Blue from Trader Joe also provided insights on the protocol’s move to BNB Chain.

“BSC ecosystem has some great projects, but there is a clear need for a strong, on-the-ground project that champions local communities and drives real and genuine engagement to help foster greater advocacy,” Blue told BSC News. “BSC is the centre-point in almost all areas of our operations, and Trader Joe is never short of both conviction and determination.” 

As per the marketing lead, Trader Joe's deployment on BNB Chain aligns with both Joepeg's NFT marketplace and Joe Studios' in-house NFT team. As reported, the team has multi-pipeline plans to ‘re-energise’ the BNB Chain ecosystem in all aspects of DeFi. 

‍

What is Trader Joe:

Trader Joe is the most popular trading platform on Avalanche. It focuses on DeFi, with trading and lending being key areas for the company. The ultimate goal of Trader Joe is to become a ‘one-stop shop’ for DeFi.

‍

Where to find Trader Joe:

Website | Twitter | Discord |

‍

Follow us on Twitter and Instagram to keep up with all the latest news for BNB Chain and crypto.

If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.

Want the latest DeFi secrets delivered directly to your inbox every week from a leading industry expert? Instantly learn about strategies that could have you earning APYs of up to 69,000% with DeFi Maximizer. Sign up today and enjoy a 25% discount off your first month!

Looking for a job in crypto? Check out the CryptoJobsNow listings!