Trader Joe's Launches Liquidity Book V2.2, Introducing Centralized Incentives

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Cointime2024/06/17 11:28

By:Cointime

Decentralized exchange Trader Joe announced that Liquidity Book V2.2 has been launched, which introduces the hook function of Liquidity Book and has implemented centralized incentives. Centralized incentives specifically refer to the mechanism that LB pools are equipped with local, real-time, and fully on-chain mechanisms to incentivize LP. Each LB pool will have a reward range and distribute reward tokens to LP based on the liquidity ratio. The reward range is anchored to the active warehouse and moves in sync with the fixed range of warehouses 1-11 (maximum value). The goal of LP is to maintain liquidity within the reward range to maximize incentive share. Additionally, Trader Joe will launch Arbitrum incentives tomorrow, and 755,000 ARB tokens will be distributed as incentives in about 30 liquidity pools.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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