Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (2024)

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (1)

Trader Joe, the first decentralized exchange on the Avalanche blockchain. An all-in-one protocol that allows you to trade, stake, farm, lend and borrow in one click.

Table of Contents
  1. Introduction to Trader Joe, Avalanche DEX
  2. Trader Joe, Avalanche crypto DEX
  3. Joe token, cryptocurrency on Avalanche
  4. Features on Trader Joe, the Avalanche crypto DEX
  5. Conclusion about Trader Joe, Avalanche crypto DEX

Introduction to Trader Joe, Avalanche DEX

Trader Joe is the first decentralized exchange platform (DEX) of the Avalanche blockchain. The platform allows peer-to-peer trading without middlemen through an Auto Market Maker (AMM) and generates passive income by providing liquidity, staking and farming, a process usually called yield farming.

The ecosystem is driven by and for the user, The protocol is managed through smart contracts which makes the Trader Joe ecosystem sustainable and decentralized.

Today, Trader Joe represents more than $300 million dollars of daily volume. Soon it will represent 1000 liquidity pairs and a TVL (Total Value Locked) of $1 billion dollars.

Trader Joe, Avalanche crypto DEX

At that time, Pangolin was the first DEX on Avalanche. However, Pangolin struggled to innovate and didn’t match the customers’ needs. Trader Joe came later, in June 2021. It quickly became the leader by overtaking Pangolin’s TVL.

Modern interface, features, and yield farming are part of their winning strategy, such as the backstory on the Farmer Joe meme. Users became attached and pushed the project to the top.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (2)

In early September 2021, Trader Joe raises $5 millions dollars in a strategic sale. Among the investors, several big entities in the DeFi ecosystem such as Delphi Capital or 3AC.

Trader Joe is also known for its user-friendly interface and does not hesitate to offer innovative farming tools and functionalities.

Joe token, cryptocurrency on Avalanche

JOE is the native token of the protocol. You can stake it, in order to get xJOE, the governance token. By holding this currency, you will be able to vote and influence the decisions of the protocol. Part of the fees are distributed to xJOE stakers and allow daily buyback of JOE, bringing a constant buying pressure.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (3)

Features on Trader Joe, the Avalanche crypto DEX


Of course, Trader Joe brings you the possibility to swap tokens. Their personal touch is the integration of the price chart, allowing you to directly see the fluctuation of the price. This is a real benefit and makes the swap more user-friendly.

You can also adjust slippage to match the available liquidity with the pair of tokens you want to swap.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (4)

A new feature will soon be added, and will allow users to set orders limit directly on the DEX.

Liquidity providing

You can bring liquidity to different pools.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (5)

In order to add liquidity, you must deposit a pair of tokens (i.e. MIM and TIME), with the same value for each token. In return of this pair, you will get LP tokens, which will represent the value of your deposit in the liquidity pool. You can change them at any time against the tokens you initially had.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (6)

By adding liquidity, you allow other users to swap the token you deposited. You are rewarded by getting the transaction fees. Most of the pools currently have a 20% APR.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (7)

The “ZAP” feature allows you to deposit only one asset in a pool. The protocol will automatically convert the value of your deposit and split it into two assets. This avoids multiple transactions and the fees associated.

By depositing liquidity in pairs, you are subject to impermanence loss. I invite you to inquire about this subject to avoid unpleasant surprises.


Once your liquidity is deposited, you have LP tokens. These represent the amount of token you deposited in the protocol. Using these tokens for yield farming is a way to increase your benefits and yields.

In exchange for your deposit of LP token, you will get JOE. Each pool has its own APY, which is higher when the protocol needs to attract liquidity in a specific pair of tokens.


Moreover, it is possible to stake your JOE, in order to get xJOE and 30% APY more. If you then deposit your xJOE in pools, you will be rewarded in JOE and by repeating this routine, you can optimize your yield farming.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (8)

Returns come from liquidity incentives and fees generated by activity on the platform. Liquidation profits and half a percent of fees is redistributed to xJOE stakers.

Banker Joe

Since the beginning of October, it is now possible to borrow cryptocurrency directly on Trader Joe, similarly to Compound or AAVE. Users can lend their cryptocurrencies for a yield, and use them as collateral for a loan. The TVL (Total Value Locked) is around $1 billion dollars.

The team is currently working on a system to use leverage on the yield farming of their platform.

Liquidation profits and a portion of fees are redistributed to xJOE stakers.

Rocket Joe

Rocket Joe is the new innovative functionality on Trader Joe. Fundamentally, it is like a Launchpad using the benefits of the current Trader Joe functionalities.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (9)

Users will be able to stake their JOE in a special pool to earn rJOE, the token allowing you to have an associate allocation of the IDO. For each 100 rJOE you will be able to invest 1 AVAX in the initial LP.

After the public launch, your LP tokens will be vested during one week, but you will be able to earn trading fees during this period.

Rocket Joe is a facilitator of sustainable launches for the Avalanche community. Rocket Joe expands the Trader Joe platform and setting foundations for a wider overhaul to tokenomics.

Conclusion about Trader Joe, Avalanche crypto DEX

Today, Trader Joe is a must-have for DeFi on Avalanche. The protocol has been able to quickly establish itself and take the lead by delivering new innovations, performance and attention to its users.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (10)

The protocol also uses the JOE meme through Twitter, and as you can imagine its impact on the community.

Trader Joe is meant to be an all-in-one protocol, allowing you to swap, provide liquidity, farm, stack, borrow, lend… and many other features are in development.

Trader Joe, Avalanche's first DEX: A Complete guide - Coin Academy (2024)


How to use Trader Joe Avalanche? ›

To access the Avalanche ecosystem and explore its DeFi applications, you'll need to purchase AVAX on a centralized crypto exchange like Binance or Coinbase. Then, you'll need to withdraw your AVAX tokens from the exchange and transfer them to a DeFi wallet like MetaMask.

What is Avalanche coin used for? ›

Avalanche is a competitor to Ethereum that prioritizes scalability and transaction processing speed. AVAX is used to secure the Avalanche blockchain and pay transaction fees across the network. Transaction fees and the rate of AVAX coin creation are determined using a governance model.

What is Trader Joe Dex? ›

Trader Joe is a decentralized trading platform on the Avalanche network that combines DEX services with DeFi lending to offer leveraged Trading. The platform allows users to trade (AMM exchange), participate in yield farming, staking, and borrowing.

How to buy Trader Joe coin? ›

How to Buy Trader Joe (JOE) in 4 Steps
  1. Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Trader Joe (JOE) cryptocurrency.
  2. Create an account – Verify your email address and identity.
  3. Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
Jun 14, 2024

How do you use an Avalanche wallet? ›

To access the Avalanche Wallet, plug in the Ledger to a computer, and enter the pin. If there is more than one app installed on the device, use the left and right buttons to select the Avalanche app. Once the Avalanche app is located, press both buttons simultaneously to start the app.

Is Avalanche coin worth it? ›

Is Avalanche (AVAX) Good to Invest? Investing in cryptocurrency carries certain risks, including market volatility and regulatory uncertainty. However, many investors see potential in Avalanche due to its unique features, fast transaction speed, and the growing popularity of decentralized finance (DeFi) applications.

How many Avalanche coins are there? ›

The total supply of AVAX is 720 million.

What is the future of the Avalanche coin? ›

Avalanche price stood at $26.21. According to the latest long-term forecast, Avalanche price will hit $50 by the middle of 2027 and then $75 by the end of 2030. Avalanche will rise to $100 within the year of 2033.

Is Trader Joe crypto safe? ›

Summary. Personally, TraderJoe seems like a safe, decentralized exchange taking into account the audits by HashEx and Paladin. However, you should check back on the smart contracts to see if they were ever updated or something was changed after the audits.

How do I start trading on Dex? ›

To swap on a DEX, you will first connect your crypto wallet to the DEX. Then choose the cryptoassets you want to swap from and to, and the amount. Execute the transaction by pressing the “swap" button. Unfortunately, DEXs make design choices that make this process easier or harder.

Is Joe Coin a good investment? ›

Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 63 (Greed). Joe Coin recorded 21/30 (70%) green days with 7.88% price volatility over the last 30 days. Based on the Joe Coin forecast, it's now a good time to buy Joe Coin.

What is the Joe coin used for? ›

JOE token serves multiple purposes within the Trader Joe ecosystem. It can be received as a reward for providing liquidity in yield farms, staked, and used to vote in governance proposals.

How does Trader Joe crypto work? ›

Built on the Blockchain, Trader Joe runs on Smart Contracts

While using Trader Joe, users are in complete control of their funds. When a user wants to make a trade on Trader Joe, they use their wallet to send the desired amount of crypto to a smart contract on the exchange, which then facilitates the transaction.

Who owns Trader Joe's? ›

How to trade on Avalanche? ›

How to trade Avalanche. You can trade Avalanche by first creating a Kraken account. Once sign up is complete and your account is funded, select your desired AVAX trading pair and start trading Avalanche.

How does Avalanche chain work? ›

Avalanche uses a novel consensus mechanism that builds on the PoS foundation. When a transaction is initiated by a user, it's received by a validator node that samples a small, random set of other validators, checking for agreement.

How does Trader Joe XYZ work? ›

Trader Joe is a fully decentralized exchange, meaning that any transaction on the Platform will require you to confirm the transaction using your Wallet and also pay a small network gas fee for performing that transaction. When visiting the platform, you will first be required to Connect with your Wallet.

Does Avalanche use proof of work? ›

The Avalanche platform uses the proof-of-stake method of verifying transactions, aided by the unique Avalanche consensus, an alternative to the traditional Nakamoto consensus used by proof-of-work platforms.

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