Avalanche recently announced a partnership with Trader Joe. The collaboration involves Trader Joe officially joining the Avalanche Rusk Program. The most prominent native DEX on Avalanche comes with 20 million dollars in incentive programs.
The platform will divide the incentives equally between JOE and $AVAX, i.e., 10 million in both programs. The announcement led to a quick surge in Avalanche’s popularity, making traders look for a viable Avax price prediction.
Trader Joe is renowned as one of the biggest DEXs across the DeFi sector. Since its launch in July, it has emerged as an immense DeFi application (in trading volume and total value locked) native to Avalanche.
Avalanche will distribute the Joe Rush rewards across the platform while focusing on the growth of native marketplaces. The goal complements both the Avalanche community and Trader Joe.
0xMurloc, Trader Joe’s co-founder, commented on the development. As per Murloc, Trader Joe aims to assist the Avalanche user base on the DeFi frontiers. Likewise, the DEX is thrilled to add to Avalanche Rush and steer its ecosystem to new heights.
Avalanche has divided the program into two parts that will offer JOE and AVAX the rewards. Both programs span around three months, giving users ample opportunity to rack up huge rewards. In addition, users can get incentives by partaking in specific liquidity pools, leveraged trading (to be released in early Q4), and lending markets.
It will also allocate to the Cultivation Club, which offers liquidity incentives to promote promising ventures to launch on Avalanche from Trader Joe. Besides the above-mentioned allocations, Trader Joe also intends to set up a new community bug bounty program. The program will complement the incentives, securing its user base and the Avalanche ecosystem.
Joe Rush starts between 10-15 October, with the launch date will be released after completing the concurring security audits. Landing a partnership of this magnitude even before starting out shows Joe Rush’s capabilities. Users can keep up with its latest developments on its official Twitter handle.