JOE is the governance and revenue-sharing token of the Trader Joe protocol.
JOE is a low-cap asset that represents the protocol's native governance or utility token. This asset is exposed to the underlying risks of Trader Joe (DEX), a protocol rated as Moderately Risky. The asset has a fixed supply.
JOE is highly correlated to the overall market.
JOE is the governance and revenue-sharing token for Trader Joe. Stakers receive a portion of the exchange swap fees. Token holders can also partake in the protocol's governance process to vote on proposals and protocol-level changes.
The max supply of JOE is around 500M tokens. The token distribution follows a decaying emission model based on a set schedule over a period of 30 months. JOE tokens are distributed per the emission schedule through liquidity provider rewards alongside team and treasury funds. The distribution of tokens includes 50% to liquidity providers, 20% to treasury, 20% to team, and 10% reserved for potential strategic investors.
JOE collects a portion of all trading fees and distributes to sJOE stakers. The protocol deducts a 0.05% fee from every swap and converts it into stablecoins (currently USDC) which is then distributed to all sJOE stakers. Rewards are distributed every few days and stakers can claim their rewards at any time. JOE holders can also stake their tokens in exchange for rJOE, an allocation token used to enter Rocket Joe launches. rJOE has no actual value by itself, with the sole purpose to unlock an allocation of newly-issued protocol tokens. Lastly, users can stake JOE in exchange for veJOE, which rewards long-term stakers with boosted JOE farm rewards as well as greater voting power for future governance. All accrued veJOE will immediately be burnt if any amount of JOE is withdrawn.