Liquidity providers deposit funds into LFJ and receive trading fees from traders (supply-side fees).

LFJ (previously Trader Joe) is a non-custodial exchange protocol built on Avalanche (originally a fork of SushiSwap). LFJ was founded by an anonymous team and launched in 2021.

JOE tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). LFJ's investors include Three Arrows Capital, DeFiance Capital, GBV Capital, Mechanism Capital, etc.

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# LFJ Maximum token supply Methodology

## 1. Overview

The TraderJoe maximum token supply metric represents the theoretical maximum number of JOE tokens that can ever exist according to the protocol's tokenomics design. This is a static configuration metric that reflects the hard cap of 500,000,000 JOE tokens established at the protocol's launch. Unlike circulating supply metrics that change over time based on minting and burning events, the maximum supply is a constant value that provides the upper bound for total token issuance.

## 2. Data sources

This metric is derived from:
- **Protocol tokenomics specifications**: The official TraderJoe protocol documentation that defined the maximum token supply parameters
- **Smart contract deployment parameters**: The immutable parameters set during the JOE token contract deployment that establish the supply cap
- **Protocol governance documentation**: Official records confirming the maximum supply design decisions made by the TraderJoe team

## 3. Step-by-step calculation

### Component A: Static configuration setup
- **Purpose**: Establishes the maximum token supply as a constant value from the protocol launch date
- **Logic**: Sets a fixed timestamp of June 27, 2021 (TraderJoe's official launch date) and assigns the maximum token supply value of exactly 500,000,000 JOE tokens. The calculation uses a daily timestamp grain to ensure consistent reporting intervals.
- **Key fields**: The `timestamp` field marks the protocol launch date, `timestamp_grain` is set to 'day' for daily reporting, and `token_supply_maximum` contains the hardcoded value of 500,000,000

### Final aggregation
- **Combining components**: No aggregation is needed since this is a single static value
- **Currency conversion**: Not applicable as this metric reports token quantities, not USD values
- **Time aggregation**: The fill-forward strategy propagates the constant maximum supply value across all time periods from the launch date onward
- **Final calculation**: The metric value remains exactly 500,000,000 JOE tokens for every day from June 27, 2021 forward, representing the immutable maximum supply cap established in the protocol's tokenomics design

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

LFJJOE

Maximum token supply

Maximum token supply

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