$1.83 Million ARB Grant Offer from Leading DEX Trader Joe

Crypto News – A short-term grant proposal for 1.83 million ARB was recently filed to Arbitrum, the DAO established on Ethereum, by Trader Joe, the biggest DEX on the Avalanche blockchain.

$1.83 Million ARB Grant Offer from Leading DEX Trader Joe

A post on X that announced Trader Joe’s big investment in the Arbitrum ecosystem was released earlier today.

The post highlights Trader Joe’s well-established standing in the DeFi industry, which has been based on its dedication to long-lasting, collaborative connections and a community-first philosophy.

This reputation is further bolstered by a product development roadmap that consistently drives DeFi product innovation, ensuring a seamless and efficient DEX experience for all traders, liquidity providers, and builders.

The Post

Why was a Grant Proposal Made?

According to the proposal, Trader Joe’s desire to promote expansion and innovation within the Arbitrum network serves as the primary motivation behind the funding. The grant may provide developers with a more dependable and effective exchange experience by increasing spot liquidity. Through sustained award payments from its Market Maker incentive scheme, Joe Trader has previously helped to improve liquidity.

Furthermore, Trader Joe anticipates opening up the Arbitrum ecosystem’s chances to more substantial and diversified builders. Additionally, the platform aims to support Arbitrum’s status as one of the most innovative Layer-2 platforms in DeFi.

The Arbitrum DAO prides itself as a neutral and open governing body, upholding the values of interoperation and open innovation. As such, Trader Joe plans to use this grant to support both long-standing and newly launched protocols native to Arbitrum One but also those who have deployed to Arbitrum One.

Trader Joe