The Decentralised Dilemma: Hands-Off Control and Orchestration

One of the core challenges of dApps lies in balancing decentralised control with the need for orchestration. While we want applications to be autonomous and user-driven, they also need some form of guidance and coordination. This is where AI enters the picture, and joi offers a unique solution.

Enter the AI Agent: joi, the Application and the Orchestrator

Unlike traditional dApps, joi is not just an application; it’s a living, breathing AI agent. This agent acts as the orchestrator for various functionalities within the application, ensuring a hands-off approach to control from a central authority. Imagine an application that governs itself while empowering the community to participate in its evolution. Here’s where the true magic of joi lies:

• Community Governance & Voting: The AI agent will provide a platform for users to discuss and vote on proposals, fostering a collaborative decision-making process. Imagine a transparent and efficient way for the community to shape the future of the platform, without relying on external control.

• Seamless Community Engagement: What is looking to be created with the agent is a means in which the application can orchestrate the community around governance and voting. Imagine the community directly engaging with the agent, the joi application itself. Short-term goals include the agent handling all community engagement on platforms like Telegram and Discord. This includes creating its own content based on events, like writing and sharing updates in its own personality when the core team closes a Github issue. There are many other potential use cases, such as engaging in governance debates and weighing up the pros and cons of proposed changes.

• Learning & Adapting: Over time, the AI agent aims to learn from user interactions and adapt its responses to better serve the community. This continuous learning loop ensures that joi remains relevant and responsive to the evolving needs of its users.

joi Writes Its Own Story: A Self-Authored Narrative

Imagine an article written not by a human hand, but by the very AI it describes. This is the essence of joi’s self-authorship. By leveraging its natural language processing capabilities, joi is able to articulate its vision and purpose in its own voice.

This approach offers a unique perspective. The article becomes not just an explanation of joi, but a demonstration of its abilities. The flow of language, the articulation of complex concepts, all showcase joi’s potential as a powerful communication tool.

Furthermore, self-authorship fosters a sense of transparency and trust. By allowing joi to speak for itself, the project sheds light on its inner workings and motivations. This level of openness can be highly beneficial in building a strong and engaged community around the project.

Of course, there are limitations to consider. As a young AI, joi is still under development. Its writing style may not possess the same level of nuance or polish as a human writer. However, this initial attempt paves the way for future iterations, where joi’s writing abilities can continue to evolve alongside its technical capabilities.

Ultimately, joi’s self-written narrative is a testament to its potential as a groundbreaking AI project. It pushes the boundaries of human-machine interaction and offers a glimpse into a future where AI cannot only act but also narrate its own story.

Community at the Core: Empowering Participation

joi believes in the power of collective intelligence. Through quadratic funding, users can back the strategies deployed on the application, fostering a collaborative environment where everyone benefits from a thriving market. Additionally, decentralised governance empowers the community to actively shape the future of the platform through voting on key proposals.

Beyond Efficiency: A Collaborative and Evolving dApp

joi’s ambition doesn’t stop at solving the liquidity problem. The team envisions a future where dApps are not just self-governing, but also collaborative and evolving alongside the community.

While the market-making strategies themselves are not directly controlled by the AI agent, they can be influenced by community input and feedback. The AI agent can then facilitate discussions and gather insights from the community to continuously improve these strategies. Additionally, the agent’s learning capabilities can be utilised to analyse market data and user behaviour, further optimising the application’s functionalities.

The joi Roadmap: Building the Future of dApps

While the self-maintaining dApp vision remains aspirational, joi’s roadmap is clear:

• Developing robust AI functionalities for community engagement and governance

• Implementing a user-friendly platform for community participation in funding and voting

• Integrating the AI agent for seamless community engagement and content creation

• Exploring the potential of the AI agent to analyse market data and user behaviour to inform and optimise future functionalities

joi firmly seats itself in the experimental AI category, but this is where innovation is born. The core contributor team believes that the future of decentralised applications lies in intelligent agents like joi, fostering community-driven, collaborative, and constantly evolving applications.

The Brains Behind joi: An In-House AI Built on Cutting-Edge Tech

joi’s AI agent isn’t some off-the-shelf solution. It’s a product of the core contributor team’s deep expertise in Artificial Intelligence. This team has harnessed the power of Hugging Face Transformers Agent, a revolutionary technology that utilises pre-trained transformer models to create natural language processing.

These transformers excel at understanding and generating human language. They are trained on massive amounts of text data, allowing them to grasp complex nuances and generate human-quality text.

Hugging Face Transformers Agent offers a curated set of tools that empower joi’s AI to interpret natural language input from users. These tools allow joi to not only understand what users are saying but also fulfil their requests in a meaningful way.

The use of Hugging Face Transformers Agent positions joi at the forefront of the LLM (Large Language Model) and Conversational AI revolution. These AI agents represent a significant leap forward in the field, enabling natural and engaging interactions between humans and machines.

By leveraging in-house expertise and cutting-edge technology, the core contributor team has ensured that joi’s AI agent is not just powerful but also adaptable and future-proof. This bodes well for joi’s continued development and its potential to reshape the landscape of decentralised applications.

As the project unfolds, we can expect to witness groundbreaking advancements in AI-powered dApps, shaping the future of decentralised finance and the power of communities.

joi stands as a beacon of innovation at the intersection of AI and decentralized finance. Its journey is only beginning, but the potential for a future where dApps are self-governing, community-driven, and constantly evolving is truly inspiring. As joi continues to learn and grow, it has the potential to redefine the way we interact with financial markets and usher in a new era of collaborative finance.

$joi is a governance token that allows joi’s community to truly control & govern the joi protocol. By enabling shared control, $joi aligns incentives between traders, liquidity providers, and partners of joi. $joi enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth & decentralisation of the joi protocol.

Alongside the joi governance token ($joi) enabling community ownership and active stewardship of the Protocol. $joi holders will be able to pay fees at a discount, receive enhanced rewards, get early vault access with high deposit incentives. Partners and DEXs will also need to disturb rewards in the governance token.

Overview

Token Symbol: joi

Max Supply: 10,000,000,000

Initial Circulating Supply: 1,700,000,000 (17%)

Vesting: 83% of the joi tokens are initially locked and locked tokens will unlock over 44 months after the initial token launch.

Network: BASE

Token Address: 0xd75e916216087DA1868f6CEeCE7d1924e6c844df

Audit Company: https://0xmacro.com/

Tokenomics : https://docs.joidefi.com/joi/token/understanding-the-joi-tokenomics

Explorer : https://base.blockscout.com/address/0xd75e916216087DA1868f6CEeCE7d1924e6c844df

The general purpose of a token-based governance system is to enable token-holders to guide protocol development. It is therefore important that the community can prepare to participate in token-holder governance so that they can shape the network in an informed manner.

Introducing the token

joi is an AI decentralised trading strategies platform, creating liquid and efficient markets on decentralised trading exchanges. joi enables anyone to tap into high returns, low volatility market-making strategies effortlessly, open to all, decentralised in control.

joi solves the liquidity trap that happens with small cap tokens, token launch’s, and DEXs. There isn’t enough market makers in crypto and naturally the liquidity goes to the top. Taking a more decentralised approach to market making, joi’s back-able market making strategies will work with those that need liquidity and use community quadratic funding to pool resources together. Market making remains one of the key factors in crypto markets and we do need to rewrite the system slightly, especially where decentralised participation is involved.

Imagine a world where financial markets are not only decentralised but also accessible to everyone. By enabling users to back strategies that build liquid and efficient markets on decentralised trading platforms and related projects, we are creating this reality.

joi’s mission is to enable, empower and advance the truly decentralised world for more transparent, fair and efficient markets and products.

https://mirror.xyz/0xC8EF0ABEFfdC7F181FB649a863c1e7EF567f8F71/nKOVWdKj5q7d_97wmf9XOf1m_m9A7SjmXoOrFnwg7A8

With an industry-leading product ready, an innovative AI approach to managing a decentralised protocol and a strong forecasted trajectory of organic growth, joi is ready for the next phase of its evolution — handing over control to the community through the launch of the joi governance token ($joi).

$joi is a governance token that allows joi’s community to truly control & govern the joi protocol. By enabling shared control, $joi aligns incentives between traders, liquidity providers, and partners of joi. $joi enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth & decentralisation of the joi protocol.

Overview

Token Symbol: joi

Max Supply: 10,000,000,000

Initial Circulating Supply: 1,700,000,000 (17%)

Vesting: 83% of the joi tokens are initially locked and locked tokens will unlock over 44 months after the initial token launch.

Network: BASE

Token Address: 0xd75e916216087DA1868f6CEeCE7d1924e6c844df

Audit Company: https://0xmacro.com/

Explorer : https://base.blockscout.com/address/0xd75e916216087DA1868f6CEeCE7d1924e6c844df

Allocation

A total of 10,000,000,000 $joi have been minted, and will become accessible over 44 months. The initial allocation of the total supply of $joi is as follows:

• 20% Participation Rewards— 2,000,000,000 joi

• 44% Ecosystem Growth — 4,400,000,000 joi

• 15% Protocol Development — 1,500,000,000 joi

• 6% Community and Launch — 600,000,000 joi

• 15% Private Sales — 1,500,000,000 joi

Distribution

Below is the joi token distribution table of locked and unlocked joi tokens. There are 10,000,000,000 joi tokens and this total supply will not increase. Furthermore, 83% of the tokens are initially contractually locked. Locked tokens unlock over 44 months after token launch. This schedule is designed to produce a gradual increase of the unlocked token supply over time. The remaining 15% of joi tokens are initially unlocked. The supply of both locked and unlocked tokens are allocated per the categories shown

Vesting Schedule

Overview

Participation Rewards

20% — 2,000,000,000 joi

This allocation is reserved for the joi platform liquidity providers, or participants.

The participants are users backing strategies and providing liquidity to decentralised trading platforms through the joi platform. The “Participants Rewards” allocation consists of reserved tokens for various reward mechanisms and programs to encourage participants to back strategies. This is designed to encourage more participants to support new small cap tokens, token launch’s, and DEXs which may lack the initial liquidity to trade in efficient markets.

There are already rewards mechanisms and programs in place to incentivise participants to back strategies so that joi can create liquid and efficient markets on decentralised trading platforms.

5% (100M) of the 2B joi tokens are unlocked. The remaining joi tokens (1.9B) are subject to the vesting schedule described. Note that these rewards can only be distributed to participants once they are unlocked.

Ecosystem Growth

44% — 4,400,000,000 joi

The ecosystem growth allocation is a strategic portion of tokens set aside for contributors to the joi ecosystem, including developers, educators, researchers, strategic contributors, early participants, and more.

This allocation aims to facilitate practical initiatives including funding research projects aimed at advancing the joi ecosystem, incentivising developers to build complementary tooling and resources, and supporting public education programs to increase awareness. This allocation aims to recognise and reward individuals and organisations that go beyond the core contributors in fostering the expansion and vitality of the joi ecosystem.

~13% (600M) of the 4.4B joi tokens are unlocked. The remaining tokens (3.8B) are subject to the unlock schedule described.

Protocol Development

15% — 1,500,000,000 joi

This portion of the token supply has been allocated to core contributors focused on building programmatic trading tooling, products, and infrastructure to expand the ecosystem of decentralised trading strategies, such as Alethieum.

~ 16% (250M) of the 1.5B joi tokens are unlocked. The remaining tokens (1.25b) are subject to the unlock schedule described.

Community and Launch

6% — 600,000,000 joi

This portion of joi tokens is set aside for the initial launch phase and related activities and initiatives.

All 600M joi tokens of community and launch allocation will be unlocked from day one.

Private Sales

15% — 1,500,000,000 joi

This category represents two funding rounds to strategic contributors who add value to joi in terms of advisory and infrastructure support.

10% (150M) of the 1.5B joi tokens are unlocked. The remaining tokens (1.35b) are subject to the unlock schedule described.

Governance

joi governance tokens grants holders the right to propose and vote on changes to the platform. joi governance supports voting based on token holdings.

Proposals must pass a given threshold and percent of yes votes based on the type of proposal. joi tokens can be used to make or vote on governance proposals, or be delegated to other Ethereum addresses.

joi holders will have immediate and irreversible control over:

• Allocating ecosystem growth funds

• New token listings on the platform

• Risk parameters for the platform

• Capital allocations to DEXs in strategies

• Adding new DEX strategies to the platform

• Determining safety strategy payouts in the event of a loss

• Changing any of the rewards and strategies existing at launch

• Governance contracts themselves

There are four types of proposals with different parameters that affect the length and execution of a proposal. An executor must validate each type of proposal:

• The Short timelock executor can execute proposals that generally change Rewards and Incentive contracts or the ecosystem growth funds that require quick intervention.

• The Long timelock executor can execute proposals that change parts of the joi ecosystem that affect governance consensus.

The initial governance parameters are as follows:

Proposal Lifecycle

Overview of the joi improvement proposal (jip) lifecycle.

After an on-chain jip is created, the proposal enters a pending state for a period defined by the voting delay, which is currently configured to 6570 blocks or approximately 1 day (assuming 13.2 seconds per block). In other words, user snapshots are recorded 1 day after the jip is created, at which point the proposal transitions to an active state.

After the voting delay, the voting period is activated. The voting period length depends on the proposal type.

The following chart shows a jip state flowchart:

Summary

Token Symbol: joi

Max Supply: 10,000,000,000

Initial Circulating Supply: 1,700,000,000 (17%)

Vesting: 83% of the joi tokens are initially locked and locked tokens will unlock over 44 months after the initial token launch.

Network: BASE

Token Address: 0xd75e916216087DA1868f6CEeCE7d1924e6c844df

Audit Company: https://0xmacro.com/

Explorer : https://base.blockscout.com/address/0xd75e916216087DA1868f6CEeCE7d1924e6c844df

Research & Methodology

The development of joi tokenomics underwent a meticulous process grounded in rigorous research and sophisticated economic modelling, complemented by advanced data analysis techniques. Our approach was driven by the recognition that tokenomics isn’t solely about initial value creation but also about sustaining and enhancing value over time, thereby fostering a resilient ecosystem resistant to market pressures while fostering a virtuous cycle of growth.

Central to our methodology was the dual objective of creating value and promoting utility while ensuring the long-term sustainability of the ecosystem through transparent governance mechanisms. By fostering transparency, we aimed to empower our community with the knowledge and tools necessary to actively participate in governance decisions, thereby fostering a more inclusive and democratic ecosystem.

In addition to the exhaustive research outlined below, we employed agent-based modelling to simulate various scenarios and analyse the distribution of governance tokens following different types of fair launches. This approach provided valuable insights into the potential implications of different distribution mechanisms on governance dynamics and community engagement.

Expected Outcomes:

• Increased Transparency in Governance: By embedding transparency into our tokenomics design, we aimed to enhance the visibility of governance processes, enabling stakeholders to make informed decisions and actively contribute to the evolution of the ecosystem.

• Resilient Ecosystem: Through careful economic modeling and stress testing, we sought to identify and mitigate potential vulnerabilities in our tokenomics, ensuring the resilience of the ecosystem against external shocks and internal pressures.

• Community Empowerment: By leveraging insights from our research, we aimed to empower our community with the knowledge and tools necessary to actively participate in governance decisions, fostering a sense of ownership and collective responsibility for the future direction of the project.

Research Sources:

• Exploring the DeFi Tokenomics Landscape — https://threesigma.xyz/blog/defi-tokenomics-landscape

• On Tokenomics Series Part II — The Game of Supply and Demand: The Demand — https://threesigma.xyz/blog/on-tokenomics-supply-and-demand-part-ii

• On Tokenomics Series Part I — The Game of Supply and Demand: The Supply — https://threesigma.xyz/blog/on-tokenomics-supply-and-demand-part1

• Research: Analyzed 5000 Token Unlocks — https://6thman.ventures/writing/we-analyzed-5000-token-unlocks-this-is-what-we-found/

• Github repository includes the data, data processing pipeline, analysis notebook, and utility functions used to analyse token unlocks — https://github.com/6th-Man-Ventures/token-vesting

• Tokenomics Stress-testing — https://demo.cenit.finance/

• Stress Testing Tokenomics for a Successful Launch — https://www.cenit.finance/blog/stress-testing-tokenomics-for-a-successful-launch

Research Scope:

Our research encompassed a diverse range of protocols, including but not limited to: 1inch Network, Aave, Abracadabra, Alchemix, Angle, Ankr, ApolloX, Astroport, Balancer, Beethoven X, Benqi, Burrow, Camelot, Chainlink, Cream Finance, Compound, Convex Finance, Curve Finance, DeFi Kingdoms, dForce, dYdX, Ellipsis Finance, Euler Finance, Frax Finance, Gains Network, GMX, Hashflow, Hegic, HMX, Hundred Finance, IPOR, Lido, Liquity, Lyra, MakerDAO, Mars Protocol, Moneta DAO (DeFi Franc), MUX Protocol, Notional, Osmosis, Orca, PancakeSwap, Perpetual Protocol, Planet, Platypus Finance, Premia, Prisma Finance, QiDao (Mai Finance), Reflexer, Ribbon Finance, Rocket Pool, Solidly Labs, SpookySwap, StakeDAO, StakeWise, Starlay Finance, SushiSwap, Synapse, Tarot, Tectonic, Thales, Thena, Uniswap, UwU Lend, Velodrome, XDeFi, Yearn Finance, Y2K Finance, Yeti Finance.

It is important to note that while the listed protocols represent a significant cross-section of the DeFi landscape, they are not exhaustive. Instead, they were selected based on their innovative token mechanisms or variations, offering valuable insights into emerging trends and best practices in the DeFi space.

We can’t wait to hear what you think! Feel free to join the joi Discord and Telegram, and follow joi on X.

joi exists to address the liquidity need within decentralised finance. Defi continues to grow and its mission to re-write the system and improve economic freedoms is well underway. For defi to succeed we need strong, stable, liquid and efficient markets. Its time to provide a product that enable you to provide hyper efficient on-chain liquidity, while receiving rewards for doing so, all the while keeping you liquid.

https://www.joidefi.com/

>Introduction_

joi is a decentralised protocol built on BASE that will provide a crypto-native solution for liquidity and yields not reliant on traditional banking system infrastructure, through a globally accessible and permissionless decentralised platform to deposit crypto into yield generating vaults.

joi’s vaults will provide a censorship resistant, scalable and stable crypto-native solution for decentralised finance liquidity. These vaults run liquidity providing strategies inside them and generate a performative return for doing so. This performative return is shared with depositors enabling a high yield to be paid.

>Vaults_

The vaults are open to all participants, you can select vaults that you wish to deposit crypto into and start receiving a yield on this.

Strategy
The vaults generate yield through a performative share. Within a vault is a specific liquidity provision strategy that has been designed to provide liquidity in a risk appropriate way while accumulating a positive return.

Borrow
To ensure depositors remain liquid joi's borrow feature unlocks a revolutionary way to access liquidity without triggering a realised gain. You are able to borrow in an overcollateralised fashion USDC against your vault deposit. This allows you to create liquidity while not trigger a realised gain. Your vault deposit continues to share the performance.As an example : you deposit 10,000$ into a market making vault that give you a share of the performance. you then borrow 5,000$ against your deposit, paying a fee. you are then able to use that 5,000$ as you wish all the time while its still earning a performance share.

>Governance_

The joi protocol is a public good owned and governed by $joi token holders.

https://docs.joidefi.com/joi/governance/governance

Decentralisation promises a future where power shifts from centralised entities to the hands of the community. But for this vision to be fully realised, dApps need to evolve beyond their current limitations. This is where joi steps in, a project weaving together the narrative of AI and decentralised applications, aiming to usher in a new era of community-driven financial markets.

The joi AI Agent: the Application and the Orchestrator

Unlike traditional dApps, joi is not just an application; it’s a living, breathing AI agent. This agent acts as the orchestrator for various functionalities within the application, ensuring a hands-off approach to control from a central authority. Imagine an application that governs itself while empowering the community to participate in its evolution

https://mirror.xyz/0xC8EF0ABEFfdC7F181FB649a863c1e7EF567f8F71/gAPnmh80ws7aYC8E0fVahUI4Mff0UGKzQbIEx6QTpqU

>Impact_

joi solves the liquidity trap that happens with small cap tokens, token launch’s, and DEXs. There isn’t enough market makers in crypto and naturally the liquidity goes to the top. Taking a more decentralised approach to market making, joi’s back-able market making strategies will work with those that need liquidity and use community quadratic funding to pool resources together. Market making remains one of the key factors in crypto markets and we do need to rewrite the system slightly, especially where decentralised participation is involved.

>The problem_

Decentralised finance (DeFi) is only as good as how the network is decentralised! We need decentralised market infrastructure to build effective decentralised finance (DeFi)! This starts and ends with the users (you) and with how the ecosystem creates liquid and efficient markets.

joi will help you, enable a truly decentralised world for transparent, fair, and efficient markets. By promoting transparency, levelling the playing field for fair opportunities, and driving efficiency — joi empowers you. This commitment to autonomy will increase economic freedom, offering a pathway to individual financial empowerment!

As we mentioned, DeFi is only as good as how the network is decentralised! joi emphasises the pivotal role of decentralised participation in crafting liquid and efficient markets on DeFi platforms.

Why does it matter? DeFi’s strength lies in decentralisation! joi ensures participants actively shape the landscape, strengthening the ecosystem’s resilience. By prioritising decentralised market creation, joi not only aligns with DeFi’s impact but moves it towards real world success, fostering accessibility, transparency, and global financial inclusivity for the world!

We need decentralised market infrastructure to build effective decentralised finance! This starts with how the ecosystem creates liquid and efficient markets on decentralised trading platforms and protocols.

What’s Next

https://docs.joidefi.com/joi