Difference between revisions of "Trader Joe (JOE)"

Revision as of 07:11, 11 April 2022

AMM DEX and also platform for lending and launching new tokens on Avalanche.

Basics

Based in:
Started in / Announced on:
Testnet release:
Mainnet release:

History

Forked some of the Compound code (11-1-2022).

Audits & Exploits

Bug bounty program can be found here. Joe offers $500K through Immunefi (11-1-2022).
Scored a 62% on DeFi Safety (11-1-2022):

Joe's MasterChef V3 contract is used well over 100 times a day. In-depth software documentation is outlined. TJ's core software documentation covers the most vital contracts, and they have provided excellent traceability with the Compound software in their Lending repository. At 102% tests to code, there is some evident of robust testing. No code coverage report was found, but there's clearly good testing on this protocol. Although TJ links to their coverage, the link provided currently links to a private repo, and is therefore not verifiable. Trader Joe has not undergone formal verification.

TraderJoe V1 was deployed before it's single audit. V3 was audited pre-release.

Bugs/Exploits

Governance

Admin Keys

From DeFi Safety (11-1-2022):

"There is no admin control information. Although there is a governance section describing future implementation in their docs, the module is currently inactive which makes the detailed information non-quantifiable. No pause control information was found. A timelock with a specific duration and what it applies to is identified, though this applies to just V2. The audit denotes that the current V3 contract does not have a timelock. This means that the timelock documentation is no longer applicable."

DAO

Treasury

Token

Launch

Token Allocation

Utility

Changed its tokenomics and now has 3 staking options; sJOE, rJOE, and veJOE (5-4-2022).
Can be staked for fee sharing and is used in governance. Has more in the works (2-1-2022):

"Stake your JOE to enter the JOE Ecosystem
You can then Farm Stable Joe
Or Farm Rocket Joe
Or do a mixture of both
Soft cooldowns implemented to encourage longer-term staking
Mechanisms in place to prevent ‘gaming’ between Staking options
Staking UX enhanced to improve accessibility for new DeFi users"

Other Details

Stablecoin

Coin Distribution

Technology

Whitepaper or docs can be found here.
Code can be viewed here. From DeFi Safety (11-1-2022):

"At 382 commits and 11 branches, it's clear that Joe's trading logbook goes back some way."

Implementations

Built on: Avalanche

How it works

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

From DeFi Safety (11-1-2022):

"Joe uses Chainlink. It justifies this in this article, but there are no software functions documented. Joe identifies it uses Chainlink to prevent flashloan attacks."

Privacy Method

Compliance

Their Other Projects

Roadmap

Can be found here (2-1-2022):

"Rocket Joe: DeFi Innovation for Decentralised Exchanges
Tokenomics Overhaul: Reduce sell pressure, return value
Decentralised Marketplace: Supporting NFT/Metaverse culture on Avalanche"

Usage

Projects that use or built on it

Competition

Other AMMs on Avalanche or different blockchains.

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

Full team can be found [here].
No public team members could be found (11-1-2022).

Funding

Partners

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

AVAX tip addresses:

X-avax1e0jz44g0af89eyd27g4507su2xwv7wt2pa32kj

P-avax1e0jz44g0af89eyd27g4507su2xwv7wt2pa32kj

C-chain: 0x6211f7633a67c9e81316d0b93a86b3ef511f12d4

@@ Line 15: / Line 15: @@
 *[[bug bounty|Bug bounty]] program can be found [https://immunefi.com/bounty/traderjoe/ here]. Joe offers $500K through [[ImmuniFi|Immunefi]] ([https://www.defisafety.com/pqrs/176 11-1-2022]).
 *Scored a [https://www.defisafety.com/pqrs/176 62%] on [[DeFi Safety]] (11-1-2022):
-Joe's [https://snowtrace.io/address/0x188bED1968b795d5c9022F6a0bb5931Ac4c18F00 MasterChef V3] [[contract]] is used well over 100 times a day. In-depth software documentation is [https://github.com/traderjoe-xyz/joe-core/blob/main/docs/MASTERCHEFJOEV2.md outlined]. TJ's core software documentation covers the most vital [[contracts]], and they have provided excellent traceability with the [[Compound]] software in their Lending repository. At 102% tests to code, there is some evident of robust testing. No code coverage report was found, but there's clearly good testing on this protocol. Although TJ [https://github.com/traderjoe-xyz/joe-core/blob/main/docs/MASTERCHEFJOEV2.md links] to their coverage, the [[LINK|link]] provided currently links to a private repo, and is therefore not verifiable. Trader Joe has not undergone formal verification.
+Joe's [https://snowtrace.io/address/0x188bED1968b795d5c9022F6a0bb5931Ac4c18F00 MasterChef V3] [[contract]] is used well over 100 times a day. In-depth software documentation is [https://github.com/traderjoe-xyz/joe-core/blob/main/docs/MASTERCHEFJOEV2.md outlined]. TJ's core software documentation covers the most vital [[contracts]], and they have provided excellent traceability with the [[Compound]] software in their Lending repository. At 102% tests to code, there is some evident of robust testing. No code coverage report was found, but there's clearly good testing on this protocol. Although TJ [https://github.com/traderjoe-xyz/joe-core/blob/main/docs/MASTERCHEFJOEV2.md links] to their coverage, the [[LINK|link]] provided currently links to a private repo, and is therefore not verifiable. Trader Joe has not undergone [[Formal Verification|formal verification]].
 [[TraderJoe]] V1 was deployed before it's single [https://docs.traderjoexyz.com/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MYTkRFOHO4K48zVLh8x-2910905616%2Fuploads%2F7X4aB5KedTI17ScZyAXh%2FTraderJoe%20report%20(3).pdf?alt=media&token=f44c272e-1721-44af-b829-f25a404eaaa7 audit]. V3 was [https://paladinsec.co/projects/trader-joe-masterchefv3/ audited] pre-release.
@@ Line 34: / Line 34: @@
 ===Utility===
-* Can be [[staked]] for fee sharing and is used in [[governance]]. Has more [https://traderjoe-xyz.medium.com/the-trader-joe-roadmap-q1-2022-a4ea35ced59b in the works] (2-1-2022):
+* [https://theiablockchain.substack.com/p/trader-joe?s=w Changed] its [[tokenomics]] and now has 3 staking options; sJOE, rJOE, and veJOE (5-4-2022).
+*Can be [[staked]] for fee sharing and is used in [[governance]]. Has more [https://traderjoe-xyz.medium.com/the-trader-joe-roadmap-q1-2022-a4ea35ced59b in the works] (2-1-2022):
 # ''"[[Stake]] your JOE to enter the JOE Ecosystem''
@@ Line 70: / Line 71: @@
 * From [[DeFi Safety]] (11-1-2022):
-''"Joe uses [[Chainlink]]. It justifies this in this [https://traderjoe-xyz.medium.com/trader-joe-officially-announces-the-integration-of-chainlink-price-feeds-for-banker-joe-8794b3dfbcf6 article], but there are no software functions documented. Joe identifies it uses Chainlink to prevent [[Flash Loan|flashloan]] attacks."''
+''"Joe uses [[Chainlink]]. It justifies this in this [https://traderjoe-xyz.medium.com/trader-joe-officially-announces-the-integration-of-chainlink-price-feeds-for-banker-joe-8794b3dfbcf6 article], but there are no software functions documented. Joe identifies it uses [[ChainLink|Chainlink]] to prevent [[Flash Loan|flashloan]] attacks."''
 ==Privacy Method==