Decentralized cryptocurrency exchange Trader Joe has launched its automated market maker (AMM) called “Liquidity Pool” on the Ethereum blockchain.
Trader Joe is now live on Ethereum
Introducing Liquidity Book, the innovative and highly efficient concentrated liquidity AMM, to the Ethereum ecosystem. pic.twitter.com/sW12IV0db3
— Trader Joe – Live on mainnet (@traderjoe_xyz) August 4, 2023
This allows cryptocurrency trading using stablecoins on Ethereum. Previously, the Liquidity Pool was available on other blockchains such as Arbitrum, BNB Chain, and Avalanche.
Trader Joe’s AMM is a technology that powers their exchange and other decentralized exchanges. They started with stablecoin pools, which are pools of cryptocurrencies with stable values, to demonstrate the efficiency of their liquidity pool.
Earlier this year, Trader Joe updated his liquidity book to version 2.1, which introduced “auto-pools”. These automatically manage the money deposited in high-yield liquidity pools, thereby reducing the risks for depositors.
Trader Joe’s move to make his AMM available on Ethereum, along with the launch of stablecoin pools and auto-pools, demonstrates his commitment to providing efficient and secure decentralized trading options.
Also Read: Trader Joe is in the Top 5 Decentralized Exchanges
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