Gamepost.io
  • News
  • Developers
  • NFT
  • Metaverse
  • DeFi
  • Education
  • Glossary
  • Press Release
Reading: WOO Network and Trader Joe form a strategic partnership to accelerate growth in Arbitrum
Share
Aa
Gamepost.io
Search
  • News
  • NFT
  • Metaverse
  • DeFi
  • Education
  • Events
  • Bookmarks
  • Contact
  • Contributors
Follow US
© Gamepost.io
Press Release

WOO Network and Trader Joe form a strategic partnership to accelerate growth in Arbitrum

Gamepost
Gamepost Published June 1, 2023
Share
5 Min Read
SHARE

The partnership begins with a WOO – ETH liquidity pool now live on Trader Joe

Digging our heels into Arbitrum

In just the last 6 months, the WOO ecosystem has quickly become home to a ballooning number of Arbinauts. More than 8,000 unique addresses on Abritrum now hold WOO – a 35% increase from Q1. WOOFi has gained traction too having executed more than 360,000 cross-chain swaps featuring Arbitrum either as a source or destination chain since it deployed there in November 2022. This growth is anticipated to continue with the recent release of WOOFi Stake 2.0 which distributes rewards on Arbitrum.

No. of unique addresses holding WOO on Arbitrum

Joining forces with Joe to grow

Trader Joe is a household name with a glowing reputation that ranks among the top 3 DEXes by 24-hour trading volume on Arbitrum. They are best known for trailblazing a new type of AMM called ‘Liquidity Book’ which brings customization and flexibility to liquidity providers on a level that no DeFi protocol has done before.

Various Liquidity Book strategies

Although Trader Joe and WOOFi can sometimes be considered competitors, there is an abundance of synergies throughout the multi-chain DeFi ecosystem. By leveraging each other’s brands, resources, and liquidity, we can increase our influence within the Arbitrum ecosystem, leading to vastly increased trading volumes, TVLs, communities, and of course – mindshare. This all starts today with the creation of a WOO/ETH liquidity pool now live on Trader Joe.

New WOO – ETH pool on Trader Joe

More on Trader Joe’s Liquidity Book

Liquidity Book is a novel, highly capital-efficient AMM that limits impermanent loss, reduces slippage, and provides sustainable real yield to liquidity providers. It enables anyone to passively earn fees, hedge their positions, and even execute DCA entries and exits. With more than $30M TVL and $1.5B trading volume processed since December, we can think of no better home in the Arbitrum ecosystem for WOO liquidity to thrive and prosper.

Three reasons to LP on Trader Joe

Need some more motivation? Here are some key perks:

  1. Earn fees from WOO <> ETH swaps made on Trader Joe alongside $5,000 of additional WOO incentives from May 31st to June 13th
  2. Support WOO liquidity on-chain, which will open the door to new DeFi integrations, such as money markets or derivatives exchanges
  3. Encourage more amazing collaboration graphics like the video below

To learn more about the different kinds of strategies you can deploy, we recommend checking out Trader Joe’s ultimate guide. Once you’ve given it a read and formulated your plan, head over to Trader Joe and deposit some WOO and ETH to start reaping the rewards!

About Trader Joe

Trader Joe is a leading multi-chain decentralized exchange and the inventor of Liquidity Book, the most capital efficient AMM in DeFi. Trade your favorite tokens, access one-click yield farming and shop for the latest digital collectibles at the Joepegs NFT Marketplace. DeFi has never been easier thanks to Trader Joe.

About WOO Network

WOO Network connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and superb trading execution at a competitive cost. Its flagship products – WOO X, an innovative centralized exchange for active crypto traders, and WOOFi, a top 15 DEX with more than 400K executed cross-chain swaps and over $4.5B trading volume – are all linked by the $WOO native token. The WOO Network ecosystem serves as a vital link connecting traders, exchanges, and institutions with the support of prominent industry players, including Kronos Research, Binance Labs, and Crypto.com Capital.

Related

You Might Also Like

Future of Gaming: Playnance Introduces PlayBlock Layer-3 on Arbitrum with Gelato RaaS

Meta Force by Lado Okhotnikov announced the release of Metaverse

WAGMI Games Partners With OpenSea and Prepares to Launch Exclusive Mint

Stardust launches Wallets-as-a-Service enabling every game developer to integrate Web3

MetaCene Revolutionizes Blockchain Gaming with Successful MMORPG Alpha Test

TAGGED: Arbitrum, Trader Joe, WOO Network
SOURCES: woo.org
VIA: woo.org
Share this Article
Facebook Twitter Email Print

New Releases

Trending Stories

News

Flappy Bird® marks the return of the legendary hyper-casual mobile gaming brand to both Web 2.0 and the TON Web 3.0 ecosystem 

November 29, 2024
News

Rebase Unveils IRL Cup, Merging Real-World Exploration with Web3 Gaming

December 19, 2023
News

KridaFans: Own Your Fantasy Football Luck

January 21, 2023
News

Stardust Integrates with Sui, Simplifying the Onboarding Experience for Game Developers Building on Sui

February 15, 2024
Press Release

XLA Reveals ‘metasites’ 3d Internet Framework

March 22, 2023
News

Get to know the Eden app!

January 15, 2023

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Follow US on Social Media

Facebook Twitter Instagram Linkedin
Gamepost.io

More from Gamepost.io

  • Contact
  • Privacy Policy
  • Advertising
  • Subscribe
  • Submit a press release
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?