Pera Integrates Swap Farming to Trader Joe
We are thrilled to announce Trader Joe is our first DEX to utilize Pera’s volume-boosting tools. In pursuit of optimizing the platform’s liquidity in a sense that would both benefit the protocol and its users for the entire DeFi space.
This week is all about introducing you to NewPera’s tools and demonstrating their full potential. Since the turnout for the public Testnet was astonishing, we managed to attract a few AMMs throughout the Avalanche ecosystem; one of the interested parties was Avalanche’s leading DEX, Trader Joe.
So, for the following weeks, our team will be working closely with Team Joe to sort out the most efficient and beneficial way to implement our swap farming technology. To serve you with the most sensible liquidity pools to swap within.
Soon, $PERA will be listed on Joe’s Tokenlist, and we will be getting a top spot on the Farm page. PERA x JOE is coming to incentivize you as you’ve never had!
4,444,444 $PERA will be distributed to LPs providing liquidity to the PERA-AVAX pool.
About The Integration
Starting April 15th, Pera Finance will deploy our smart contract and conclude the process. Meanwhile, everything is set and ready to go for the first swap farming demonstration.
Our very first swap farming campaign will last for 14 days, and the campaign will be initiated simultaneously with the launch.
The first ever pools Pera will boost with the Swap Farming tool are:
PERA — AVAX
We will reward 44,450 $PERA every day, a total of 622,300 $PERA will be rewarded throughout the campaign.
WAVAX — UST
We will reward 88,900 $PERA every day, a total of 1,245,000 $PERA will be rewarded to traders throughout the campaign.
The total rewards amount may alter regarding the price fluctuations on the token price.
Trader Joe, while leading the DEXes on Avalanche, can put on top of its competitive edge and utilize our tool to boost its selected pools and increase their efficiency while providing users with an improved user experience.
Liquidity Mining
But, that’s not all, to celebrate our arrival to the ecosystem, Joe’s double farms will be available for the PERA-AVAX pool for 15 days and will yield $PERA + $JOE to LPs.
For now, Trader Joe will only utilize our swap farming tool. As our development team continues to work their magic, we would like to form a long-term relationship with Joe to add value to the mechanics of the DeFi space.
About Trader Joe
Trader Joe is a one-stop-shop decentralized trading platform native to the Avalanche blockchain. Trader Joe builds fast, securely and aims to serve the community at the frontier of DeFi. Maximize your yield generating activities under one fully integrated roof, providing you with a unique, innovative, and highly accessible DeFi experience.
About Pera Finance
Pera Finance is the first DEX optimizer designed to secure and boost long-term trading volume, improving the capital efficiency for the entire DeFi space. Pera Finance is a service provider offering decentralized trading competitions with customizable parameters and adjustable swap farming tools to manage protocols’ liquidity while improving the user experience. Pera Finance aims to become DeFi’s most sustainable protocol by introducing innovative volume-boosting tools to the DeFi space and improving the user experience.
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