JOE Wars

Dashboard on all things related to JOE Wars

JOE token and the TraderJOE ecosystem

What is JOE Wars?

Similar to Curve Wars and PTParty, TraderJOE have brought the veTokenomics out of the stableswap pools!

Now, by staking their JOE tokens in the veJOE pool, users are able to boost their JOE LP farm APR for higher yields.

User Farm Factor Full equation (from TraderJOE docs):

As shown in the picture below, the average boosted apr for the AVAX-USDC LP is 8.96%, which is 30% more than the default APR of 31%!

JOE Staked in veJOE pool

Who are the players and how much controls

There are currently only a couple of protocols in the JOE War currently:

Beefy Finance with beJOE
Yield Yak with yyJOE
Vector with zJOE
North Pole (no token and not shown here)
SteakHut (launch TBD)
JOE staked in veJOE pool by remaining addresses

JOE chart (JOE staked over time)

veJOE Accumulation

Current holdings of veJOE that each protocols has:

Northpole veJOE
Yield Yak veJOE
Beefy veJOE
Vector veJOE
veJOE in remaining wallets

veJOE Chart (veJOE over time)

Deeper dive into the movements of JOE in the veJOE pool:

Daily and 7D changes in JOE (%)

Daily and 7D changes in JOE (in JOE)

JOE Boosted Pools Statistics

TVL Staking for Top 5 Boosted Pools:

AVAX-USDC
AVAX-USDC.e
AVAX-USDT.e
AVAX-WETH.e
AVAX-JOE

These top 5 Boosted Pools represent almost 38% of TraderJOE's TVL and hence would likely represent a significant proportion of all the Boosted Pools.

On the Top 5 Boosted Pools

As of 17th April, most of the JLPs (Joe LP) are still staked on TraderJOE and not on Yield Yak/Beefy Finance.

In addition, other than AVAX-USDC, there's almost 10% of the JLP tokens that are not staked on the TraderJOE contract which also means they are not eligible for the i) base APR and ii) boosted APR

Note:
Not Staked = JLP Total Supply - JLP Staked
TraderJOE Only = JLP - YRT (YieldYak) - MooJoe (Beefy)

Do note that it is likely some of these LPs are used in other lending protocols like Moremoney and Yeti Finance for borrowing on LP tokens.

I might be doing an analysis on those in the near future given the popularity of Yeti Finance.

Deeper dive into JOE boosted pools:

Boosted Pool: AVAX-USDC

Boosted Pool: AVAX-USDC.e

Boosted Pool: AVAX-USDT.e

Boosted Pool: AVAX-WETH.e

Boosted Pool: AVAX-JOE

Additional Comments:

Do note that charts are updated daily and this dashboard is only meant to serve as an overview on projects related to JOEWars.
Feel free to let me know if you have any other suggestions on what can be added and/or how it can be done.
For new projects, feel free to drop me a message on Twitter if you would like to be included.

Credits:

JOE Wars background by @Unn4m3dL4L4 on Twitter -> check his amazing art pieces on JOE wars on both TraderJOE and his twitter!

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