Avalanche-based DEX Trader Joe announced the launch of its governance system, allowing $JOE holders to propose and vote for new liquidity pools on the Liquidity Book AMM.
Trader Joe's community members can raise proposals regarding adding a new base asset, or combine a base asset with a quote asset. The governance system will not be used to determine the configurations of a new pool, which will be decided by the Trader Joe core team, should the proposal get passed. All the proposals need to go through a debate for at least 48 hours, and an informal vote in the forum, before an on-chain vote is held. Users can use $JOE to vote, with 1 $JOE equal to 1 vote.
Trader Joe said that it will include $veJOE in the governance process in the future.
DeFi
DEX
Avalanche
Governance
