Trader Joe is a DEX and JOE is their native token, which can be used to provide liquidity in the protocol.
Trader Joe started off as a DEX on just the Avalanche network, however they've recently introduced Arbitrum network and are planning to launch BNB network soon. They've also launched the following products :
- Joepegs - An NFT Marketplace which supports Avalanche and BNB Chain.
- Banker Joe - A decentralized lending platform.
- Liquidity Book (LB) - A liquidity protocol launched by Trader Joe that creates paired asset markets through the aggregation of discretely priced bid-ask liquidity bins.
- Rocket Joe - A launchpad where developers can launch their new DApps via Rocket Joe and utilize Trader Joe’s deep liquidity as per older articles.
- Bridge which helps transfer assets between supported networks.
- Staking which allows the user to stake their JOEs.
I'm giving it 4 out of 5 stars for the following reason : Even though the idea behind their initial trading platform is not very unique and they're up against a lot of competition in the similar space, they seem to be branching out and launching new products to diversify their portfolio. Only time will tell if they're able to move fast enough to overtake their competition. Show Less
