The decentralized cryptocurrency exchange Trader Joe has launched its automated market maker (AMM) called the “Liquidity Pool” on the Ethereum blockchain.
This allows people to trade cryptocurrencies using stablecoins on Ethereum. Previously, the Liquidity Pool was available on other blockchains like Arbitrum, BNB Chain, and Avalanche.
Trader Joe’s AMM is a technology that powers their exchange and other decentralized exchanges. They have 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 upgraded their Liquidity Book to version 2.1, which introduced “auto-pools.” These automatically manage the money deposited into high-yield liquidity pools, reducing risks for depositors.
Trader Joe’s move to make its AMM available on Ethereum, along with the introduction of stablecoin pools and auto-pools, showcases its commitment to providing efficient and secure decentralized trading options.
Also Read: Trader Joe Ranks in the Top 5 Decentralized Exchanges List
