Liquidity Book V2.2 is live ππ
V2.2 introduces a hook capability for Liquidity Book. The first implementation, Concentrated Incentives, is also live today with
$ARB rewards activating on the 18th at 13:00 GMT.
________________________
π New Router Contract
As part of the V2.2 Launch there is a new router on
#Arbitrum and
#Avalanche that will need to be approved for the first time.
Router Contract: 0x18556da13313f3532c54711497a8fedac273220e
________________________
π Liquidity Book: Elite for LPs
By utilizing a discretized architecture, Liquidity Providers gain full autonomy and flexibility over the liquidity range they deploy, how that liquidity is shaped, and how they manage it moving forward. This unparalleled level of flexibility offers enhanced capital efficiency over existing CLMM designs.
Liquidity Book has been forked by Meteora and Pancakeswap for their upcoming V4.
________________________
π Concentrated Incentives
LB Pools now come with an native, real-time, fully onchain mechanism to incentivize LPs. Each LB Pool will have a βreward rangeβ that distributes reward tokens to LPs, based on their proportional share of liquidity.
The Reward Range is anchored to the active bin and moves in sync with a fixed range of 1 - 11 bins (max). The goal as an LP is to keep your liquidity in the reward range, to maximize your share of the incentives.
This is the ultimate way to earn rewards as a Liquidity Provider. All onchain. Fully native.
________________________
π Arbitrum Incentives: Galactica Campaign
755,000
$ARB tokens will be distributed to Liquidity Providers as incentives to over ~30 Liquidity Book Pools in the next 3 months.
As soon as the incentives turn on, the early liquidity providers will start sharing the rewards. So stay tuned for further announcements, you can expect the incentives to activate at 13:00 GMT.
Early bird catches the worm, get ready to accrue your share of rewards.
________________________
π Arbitrum Incentives: Galactica Points
As part of the Arbitrum Galactica Campaign, you can also accrue Galactica Points to share a special community prize pot of 50k ARB.
π To get involved all you need to do is follow the below steps:
π Join the Trader Joe Discord:
https://discord.gg/traderjoe
π Connect to the Trader Joe Guild Community:
https://guild.xyz/traderjoe
π Claim your Onboarding Badge:
https://zora.co/collect/arb:0xad351cc908f2fe88b6b0437eb42bbd2d6eaaa0f9/1?referrer=0xDfA748B899C8fe2d68Be06c3e110CA44994A240b
π Visit the βGalacticaβ channel in the Trader Joe Discord
________________________
Trader Joe is building the future of onchain token marketplaces, V2.2 is just a small step ahead of the planned JoeV3 and JoeV4 coming this year.