The Best Yield Farming on Avalanche #JoeRush

Transcript

[Music] d5 slate team [Music] it's your boy andy and welcome back to the defy slate youtube channel smash the like button on this video that really helps us out and sit back and enjoy the content thank you very much welcome to trader joe trader joe is well as advertised the one-stop shop decentralized trading on avalanche and in this video what we're going to show you is how to earn yield on trader joe what some of the best options are um the best the best ways to stay trade and get into trader joe's pools how you can use this um basically to to farm i mean this is what this video

is about is we're going to show you guys how you can farm on trader joe's so when you come to trader joe.xyz or xyz.com what you're going to come to is a page that looks just like this it has these tabs up front as well as down here you know it's kind of got the gainers and um you know the options so obviously you on trader joe you can trade um the cool part about trader joe's it actually shows you the chart so you wanted to know what the price of of avax is um you know it'll actually show you this on a daily chart on a weekly chart right so it's really cool in in that way that it shows you kind of you know how uh how how the charts look um on the actual platform itself so this is the trader joe chart and um this is

shown on this is the avax usd usdt chart and yeah so this is where you guys can trade on trader joe um super simple they have the list of all these tokens here the reason why these are dot e is just because they are bridged tokens meaning like they came over from the avalanche bridge that's why they're you know dot ease um and so yeah that's like the number one thing a lot of people do is trade on trader joe if you come down to the analytics tab you can see all the volume and how you know what the you know what the liquidity has done what the pools have done um you know all these reward pools etc and here you can see kind of the pools that you're looking at so in order to get to the pools you just go so you first you're going to want to get

half and half of each asset right and then you can go to pool um and you can see all of the pools that are available the respective aprs some of these are really quite nice with the avax usd pairs eth avacs um you know mim avax is is is a really nice one right now and you come here you can see all these pairs as well um you know in in real time these are also really nice stable coin yields um earning you know up almost 20 on just stables that's that's really quite good um and so yeah this is this is the the analytics tab that shows you what uh the what the pools are giving now the really interesting part that you're going to want to come to is the farm so this is

called joe rush and this is where you can get some really good apys so um well they call it aprs here the difference is apy is compounded over uh you know just consistently compounded whereas apr is not um and so yeah what what we're looking at here is these are the main farms that are earning joe and avax you got the joe rewards here as well as the avex rewards here so you know if you're in any of these pools awesome great job you're earning really nice yield um and the i think one of the most interesting parts about this entire platform is all these tokens all this yield is paid out in joe as you can see joe token so there's quite a bit of emissions on the joe token but what you can do is once you get the joe token you can actually

come to this pool and stake it in the x joe tab and so basically it shows you what the what the apr is um and yeah you earn the fee um basically for every swap it's used to collect and buy back joe um that happens every 24 hours um and your x show is actually continuously compounding so yeah this is a really interesting idea um and once you have your joe staked you can actually view your stats and the and the apr and again here it actually shows you what the apr is and apy is as you can see the apy is just always a little bit higher as it's compounded and you can see the fees excuse me you can see all the joe steak

the harvested you can see the trend here as well guys we're clearly in a move i mean just continuously up um as you can see with higher highs and higher lows here on the on the joe kind of farming realm so this is a really cool thing so what you can do is you can farm here at these apys and you can actually go ahead and stake it into here and then once you actually have x joe staked the really cool part is you can come and bring it into joe lend or banker joe this is a really cool place because you also earn both joe and avex rewards and there's some pretty decent apys here on some stables um on some you know on eath on on avex and you can actually

borrow against your assets here as well um so you can bring your ex show in here deposit it and you can borrow against it buy more x show you can go ahead and take these stables uh that you're getting at so it's it's it costs you 13 to borrow but you're getting paid almost five percent so that's about eight percent and then you can come back up here and see that you can get um 17 so you can make nine percent on the difference uh basically with uh like free nine percent uh and you're also earning on that joe so you can you can stake your ex joe here you can borrow against it nothing too crazy i wouldn't go over like 25 bar limit maybe 50 if you're really feeling it um but but what you can do is then come and use your

borrowed assets uh into pools like this one and basically get that free arbitrage yield of um you know of in this case it would be eight percent in this case closer to like 10 or 11 so um that is the lending uh protocol again like pretty good yield on avex i mean earning earning over 10 on avex while you're holding it especially while it's been going up has been solid same thing with eth earning four percent on it while it's flexible is really solid um so yeah this is a really cool platform um you know and you're you're no longer getting paid to borrow that was once happening um but it's okay because the the rates are still you know pretty decent as far as as far as the the borrowing goes you can see the liquidity

you guys want to choose more more liquid assets not the not the less liquid ones although dye is more decentralized if you will the liquidity could be a problem with you if you're trading with size so we're just going to make sure that that happens and you guys make sure that you guys use the uh the very ill uh very liquid pairs so you can actually zap your current tokens to lp tokens so like let's say for example we wanted to zap usdt into joe usdt pair you can actually go max and then it'll literally zap you from this right into this pair which this pair is already earning yield at the at the rate of 132 percent so you can literally come in

here and and zap your usdt without having to do the swaps and the half and half and all that stuff and you can literally zap straight from um you know straight from whatever you're holding right into the lp position so that's really cool as as well um you know and i think that's something to to you know check out um where you can see the price of joe token and all that stuff is you can see it on charter.io this is a really good site for avalanche charting it's going to help you to basically look at and and monitor the price of these avalanche assets um so yeah you can see against avex it's kind of been dropping down a bit it had a nice little run up until two days ago and now it's kind of pulling back and really you can see anything here so

um you can see joe usdc i think it's just right under four dollars now so yeah it had a nice run all of up to almost five and then you know quite the pullback almost thirty percent pullback so far um so you know that's been pretty hefty and uh you know we'll kind of see how this how this uh you know pans out we've seen a lot of a lot of there's obviously a lot of emissions on this token kind of like how sushi does on maintenance but we saw it hit all-time highs and kind of you know you could you could argue that it broke all-time highs and it's basically retesting now um so you know it's an interesting spot here for joe interesting spot for the avalanche ecosystem after the whole suzu you know debacle um but yeah there's some really nice yields here guys and i

would pay attention to what is happening the trends are just straight up and um yeah it's it's definitely interesting to see so that is trader joe at its core what what what you can do on there um and how to use it obviously the night mode is pretty cool too so thanks for watching guys