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Trader Joe Launches Liquidity Book V2.1, Users Need to Migrate Liquidity

Trader Joe Launches Liquidity Book V2.1, Users Need to Migrate Liquidity

Decentralized exchange Trader Joe announced the launch of Liquidity Book V2.1. The new features start to roll out from today, and will be progressively scaled over the coming weeks.

The new features of Liquidity Book V2.1 include Autopools, $sJOE fee share and others. The Autopool is an automated liquidity strategy execution vehicle that automatically manages the active positions of depositors. Fee share allows $sJOE stakers to share a portion of fees accrued in Liquidity Book pools. In addition, Liquidity Book V2.1 reduces the average gas cost by 30-40%.

Liquidity Book V2.1 comes with a complete code overhaul, and all contracts are new. Therefore, the Liquidity Book pools need to migrate from V2 to V2.1. The migration will happen in tranches and will last a number of weeks. The pools that can be migrated now will have a "Migration" sign. Trader Joe advises liquidity providers to migrate their positions to V2.1 ASAP.

 

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