JOJO.Exchange
  • JOJO EXCHANGE
    • ๐Ÿ”Overview
    • ๐Ÿš€Roadmap
    • ๐Ÿ“ฃAnnouncement
      • ๐Ÿ› ๏ธJOJO Exchange Upgrade to v2
      • ๐Ÿค–Unlock Exclusive Rewards and AI-Powered Trading โ€“ The Future of DeFAI Awaits!
      • ๐ŸคTransforming DeFi With Chainlink and Lido
      • ๐Ÿช‚JOJO's Airdrop Season 2!
      • ๐ŸŽฐIntroducing Our New Mini-Game: Slot Machine!
      • ๐Ÿช‚Airdrop Season 1 claiming portal is ON!
      • ๐Ÿค–JOJO is Integrating Chainlink Data Streams to Power Its Silicon-Based AI Exchange
      • ๐Ÿ’กUpgrades to Chainlink Data Streams
      • ๐Ÿช‚JOJO's Airdrop Season 1!
      • ๐ŸญYou can now claim the reward for the 7-Day check-in Challenge!
      • โ—Notification of Environment Removal
      • ๐Ÿช‚JOJO's Airdrop Season 0!
      • ๐Ÿช™New listing: WIF/USDC, ENA/USDC, CKB/USDC, BOME/USDC, W/USDC, ETHFI/USDC, ONDO/USDC, and DOGE/USDC
      • ๐Ÿ”–Fee Discount Notice
  • v2 product guides
    • ๐ŸงTutorials
      • How to Connect Wallet & login?
      • ๐Ÿ’ฐDeposit & Withdraw
      • ๐Ÿ“ˆHow to trade Perpetual?
      • ๐Ÿ“ˆHow to Close a Position?
      • ๐Ÿ“ˆWhat is a Limit Order, and how to place it?
      • ๐Ÿ“ˆHow to Place a TP/SL Order ?
      • ๐Ÿ•น๏ธHow to trade 1000X ?
    • ๐ŸคทFAQs
      • โ”How much leverage will be available on JOJO?
      • โ”Is there a deposit fee or withdraw fee on JOJO๏ผŸ
      • โ”What Happens When a Market Is Delisted
      • ๐Ÿ“–How to Set Email
      • ๐Ÿ“–What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • ๐Ÿ“–How to Swap USDC ?
  • ๐Ÿ’ตFees
  • โš–๏ธFunding Rate
  • ๐Ÿ’ธLiquidation
  • ๐Ÿ”‘API Keys
  • v1 Product guides
    • ๐ŸงTutorials
      • How to Connect Wallet & login?
      • ๐Ÿ’ฐDeposit ,Transfer & Withdraw
      • ๐Ÿ“ˆHow to trade Perpetual?
      • ๐Ÿ“ˆHow to Close a Position?
      • ๐Ÿ“ˆWhat is a Limit Order, and how to place it?
      • ๐Ÿ“ˆHow to Place a TP/SL Order ?
      • ๐Ÿ‘คHow to use Sub Account?
      • ๐Ÿ“ˆOne-click Trade
      • ๐Ÿ•น๏ธHow to trade 1000X ?
      • ๐Ÿ’ฐHow to get JOJO airdrops?
      • ๐Ÿ’ฐHow to stake JOJO and get veJOJO?
    • ๐ŸคทFAQs
      • โ”Will there be more trading pairs in the future?
      • โ”What collateral does JOJO accept?
      • โ”How much leverage will be available on JOJO?
      • โ”What is One-click Trade and How does It Work?
      • โ”Is there a deposit fee or withdraw fee on JOJO๏ผŸ
      • โ”Why Trading on JOJO is Safe?
      • โ”Why do I keep receiving risk warning emails from JOJO?
      • โ”What Happens When a Market Is Delisted
      • ๐Ÿ“–How to Set Email Notifications
      • ๐Ÿ“–What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • ๐Ÿ“–How to Swap USDC ?
    • ๐Ÿค–Ai Revolution
    • ๐Ÿ“–Glossory
    • โœจTrading Pairs
    • ๐Ÿ’ตFees
    • ๐Ÿค‘Prices
    • โš–๏ธFunding Rate
    • ๐Ÿ’ธLiquidation
    • ๐Ÿค–Grid Bot
    • ๐Ÿคฉ1000X Trading
    • ๐Ÿ“ชSub Account
    • ๐Ÿง‘Referral Program
    • ๐Ÿ”ฐMulti-collateral system
      • Leverage your earning with mUSDC!
    • ๐ŸงฒFlexible Earn
    • ๐Ÿ”JOJO airdrops and staking
  • Smart Contract
    • ๐ŸŽฏContract Addresses
    • ๐Ÿ•ต๏ธBug Bounty & Audit
  • JOJO TOKEN
    • ๐Ÿ“ŠAllocation
    • ๐Ÿ”’Token Economy
  • Arbitrum Alpha Test
    • ๐ŸคSunset Plan
    • ๐ŸŽฏContract Addresses
    • โš—๏ธSTIP
    • ๐ŸŽ™๏ธAnnouncement
      • ๐Ÿช™JOJO has listed WLD/USDC, AGIX/USDC, AR/USDC, STRK/USDC and 13 new trading pairs!
      • ๐ŸงฐNotice of Legacy Network Decommissioning
      • ๐ŸงฐSmart Contract Upgrade Announcement
      • ๐Ÿ”งMaintenance Notice
      • ๐Ÿ”ฎBIG UPDATE of JOJO's Bizarre Adventure: all points earned x 100!
      • ๐Ÿช™JOJO has listed MEME/USDC!
      • ๐Ÿ”ฎJOJO's Bizarre Adventure Event is now alive!
      • ๐Ÿ’ฐNew collaterals: ARB!
      • ๐Ÿ’ฐNew collaterals: wstETH and GMX!
      • ๐Ÿช™JOJO has been listed ARB/USDC, SOL/USDC, and LINK/USDC!
      • ๐Ÿ”–Notification of Environment Removal
  • LEGAL
    • Risk Reminder
    • Terms of Use
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On this page
  • Unlocking New Use Cases for wstETH on JOJO
  • Expanding Opportunities for Lido and Its Users
  • Supercharging JOJO With Chainlink Data Streams
  • Enhanced Control and Flexibility for JOJO Users
  • A Collaborative Effort Driving DeFi Innovation
  1. JOJO EXCHANGE
  2. Announcement

Transforming DeFi With Chainlink and Lido

PreviousUnlock Exclusive Rewards and AI-Powered Trading โ€“ The Future of DeFAI Awaits!NextJOJO's Airdrop Season 2!

Last updated 5 months ago

JOJO is excited to announce a new integration with Lido and Chainlink, bringing new capabilities to the DeFi space. Through this integration, JOJO now supports wstETHโ€”an interest-bearing token from Lidoโ€”as collateral, powered by Chainlink Data Streams for real-time price feeds. This integration marks a significant advancement in how users can utilize their assets in decentralized finance.

Unlocking New Use Cases for wstETH on JOJO

Lidoโ€™s wstETH, which represents staked ETH, now has a new utility on the JOJO platform. With this integration, wstETH holders can trade perpetual futures on JOJO while still earning staking rewards from Lido. This dual functionality offers a unique advantage: users can actively participate in trading without losing the benefits of their staked ETH, effectively combining yield farming with active market engagement.

Expanding Opportunities for Lido and Its Users

For Lido, this integration greatly expands the use case of wstETH. It allows holders to leverage their assets in more dynamic ways, enhancing the appeal and utility of wstETH beyond just staking rewards. By enabling wstETH to be used as collateral on JOJO, Lido attracts a broader user base interested in both staking and trading, thus boosting liquidity and engagement with their ecosystem.

Supercharging JOJO With Chainlink Data Streams

The role of Chainlink in this integration is crucial. By providing on-demand access to high-frequency market data backed by decentralized, fault-tolerant, and transparent infrastructure Chainlink Data Streams ensures that JOJO can offer secure and highly advanced collateral management. This capability not only enhances the platform's functionality but also demonstrates how Chainlink's robust infrastructure supports innovation in DeFi, enabling projects like JOJO to offer novel financial products.

Enhanced Control and Flexibility for JOJO Users

On JOJO, users now have the flexibility to decide how much credit they want to generate using their wstETH, which is converted into JUSD on the platform. This unique approach mitigates the risk of forced liquidations, unlike traditional exchanges that may quickly liquidate user assets during market downturns. Instead, JOJO provides users with the ability to manage their positions more effectively, giving them time to add collateral and avoid unwanted liquidations.

The integration of wstETH as collateral on JOJO does not increase risk for wstETH holders. In fact, it enhances risk management across multiple collateral types, offering a more adaptable framework that benefits all users. This careful balance of flexibility and security positions JOJO as a leader in the perpetual DEX space on Base.

A Collaborative Effort Driving DeFi Innovation

The integration between JOJO, Lido, and Chainlink is a prime example of how composability can drive meaningful innovation in DeFi. By combining JOJO's advanced trading platform, Lido's versatile staking solutions, and Chainlinkโ€™s low-latency Data Streams, we are creating a more dynamic and secure DeFi ecosystem. These integrations offer users unparalleled opportunities to maximize their assetsโ€™ utility, showcasing the true potential of decentralized finance.

Join us as we continue to redefine the possibilities of DeFi with JOJO, Lido, and Chainlink.

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