JOE (JOE) is the native currency of Trader Joe, a decentralized exchange (DEX) that offers DeFi services such as trading, staking, and yield farming on the Avalanche (AVAX) blockchain. Since its introduction in June 2021, the exchange has seen fast growth, drawing approximately $4 billion in total value locked (TVL). Trader Joe's claims to stress innovation, speed, and safety, and to put the community first. Its goal is to create a one-stop shop for DeFi and to incorporate new products while maintaining security. Trader Joe's has proposed an ambitious strategy that relies on token-holder growth to accomplish this. Staking will be upgraded, non-fungible-token (NFT) exchange listings will be added, the JOE token will be collateralized, and leveraged trading will be available in 2021.Trader Joe's delivers all of the features of a contemporary DEX, as well as a user-friendly interface and quick and low-cost transactions. Users can contribute liquidity by participating in one of the yield farms and earning JOE (JOE), which can then be staked and used to vote on governance initiatives. Its non-custodial lending protocol, Banker Joe, is built on the Compound (COMP) protocol and lets users to borrow and lend cash. Additionally, customers can open leveraged trades using their own or borrowed capital.