Trader Joe, the decentralized crypto exchange (DEX), is set to launch its upgraded Liquidity Book, a trading engine automated market maker, as soon as next week. Announced by the pseudonymous marketing lead Blue at a Discord community call on Friday, the new V2.1 Liquidity Book will make it easier for depositors to add tokens to Trader Joe’s liquidity pools, whilst also improving the on-chain trading experience.

Among the upgraded features, a new "auto-pools" system will be implemented to manage the active positions of depositors in the high yield pools in an effort to reduce risk. In addition, a new rewards program launch will focus on distributing tokens to participants with concentrated liquidity.

As of now, Trader Joe has a total value locked of $131.78 million, and trading volume of $520 million since March. The project’s native token, JOE, was trading at $0.60 at press time.

Trader Joe is currently implemented in three platforms - Arbitrum, BNB Chain and Avalanche - the largest of the three. With the upcoming upgrade, user experience on the exchange is expected to be improved, as well as flourishing of the liquidity pool and rewards program.



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