Trader Joe Partners with Savvy to Utilize the Power of Liquidity Book and Leverage Zero Slippage Swaps
Savvy will be the first protocol to host a Market Making Campaign (MMC) on Trader Joe v2! For more information on the MMC, see this blog post.
Savvy will initially utilize Trader Joe for exclusive liquidity provisioning, unlocking the innovative and efficient design of the Liquidity Book to power greater capital efficiency for the SVY token. Savvy will also leverage zero-slippage trading for Savvy’s price-correlated svTokens.
What is Savvy?
Savvy users can take out auto-repaying, interest-free, non-liquidating lines of credit backed against the future yield of user collateral (WETH, WBTC, and stablecoins). This upfront credit line can be used in DeFi, to buy NFTs, play games, or whatever else, and is backed against the future yield of the collateral. Savvy is ushering in a safe and reliable form of leverage.
Boosted Rewards
During the MMC, Savvy is offering boosted rewards for the Trader Joe community from a reserved SVY pool! All JOE holders can mint a Savvy NFT to receive the boost.
To mint the Savvy MMC Boost NFT go here.
The Savvy Trader
Savvy is an incredibly exciting innovation for the Arbitrum DeFi space and Trader Joe is very happy to closely partner with the team to provide liquidity provisioning for the native governance token $SVY, as well as support liquidity for the synthetically tied assets.
These pools will be supported initially:
Wrapping Up
The MMC is live so make sure to join the Savvy Discord for more details on how to participate and receive your boosted rewards!
“The Trader Joe team has a track record of innovation, releasing the most notable cross-chain DeFi primitive to date, the Liquidity Book. The Savvy and Trader Joe team align on building community through NFT community outreach and development, and beyond their stellar products, the Trader Joe team has been collaborative and insightful. We couldn’t be more excited to be partnering with them.” — Roman Giler, Project Lead at Savvy
The Savvy team have embodied the values of Trader Joe with their hands-on approach to community building and NFT community outreach. They are passionate, driven and ushering in synthetic and highly capital efficient innovation for the DeFi space. That is everything Trader Joe loves to see. — Blue, Marketing and Community Lead at Trader Joe.
About Savvy
Savvy DeFi is a decentralized credit platform that lets anyone take out an auto-repaying, interest-free loan against their crypto (including BTC, ETH, and stablecoin derivatives) without liquidation risk. Savvy users can safely leverage their cryptocurrency holdings through a credit advance backed by their tokenized future yields.
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About Trader Joe
Trader Joe is a leading multi-chain decentralized exchange and the inventor of Liquidity Book, the most capital efficient AMM in DeFi. Trade your favorite tokens, access one-click yield farming and shop for the latest digital collectibles at the Joepegs NFT Marketplace. DeFi has never been easier thanks to Trader Joe.
Additional Resources:
- Trader Joe Partners with Savvy to utilize the power of Liquidity Book (Trader Joe x Savvy Integration article on Trader Joe Substack).
