Vector Finance
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Mechanics

Below we breakdown how Vector Finance works with Platypus Finance and Trader Joe to boost your DeFi yield.

Platypus Finance

Accrue vePTP

On Vector, users are able to convert PTP to xPTP. Once converted, the protocol automatically stakes it on the Platypus platform. By staking this PTP, the platform accrues vePTP.

Boost stablecoin yields

Accruing vePTP allows Vector to offer attractive stablecoin yields for depositors. The stablecoin yields on Vector will be higher than the base yields on Platypus, due to the vePTP balance that we will have accrued. Vector's platform, similar to Convex, will charge a 20% performance fee for all stablecoin yield generated. A majority of this performance fee (~60%) will be redirected back to xPTP holders, providing the xPTP token with significant value. The remaining performance fee will be redirected to users who lock VTX.

Add even more rewards with VTX

VTX is the governance token for the Vector protocol. VTX will be used to help incentivize PTP conversion, stablecoin staking, and liquidity providing. Check out the Tokenomics section to learn more about how these emissions occur.

Trader Joe

Accrue veJOE

On Vector, users are able to convert JOE to zJOE. Once converted, the protocol automatically stakes it in the Trader Joe veJOE pool. By staking this JOE, the platform accrues veJOE.

Boost Trader Joe deposits

Accruing veJOE allows Vector to offer attractive boosted yields for our Trader Joe LP depositors. The yields on Vector will be higher than the base yields on Trader Joe, due to the veJOE balance that we've accrued. Like our Platypus Finance program we charge a 20% performance fee for all yield generated by these boosted Trader Joe Pools. A majority of this performance fee (~60%) will be redirected back to zJOE holders, providing the zJOE token with significant value. The remaining performance fee will be redirected to users who lock VTX.

Add even more rewards with VTX

VTX is the governance token for the Vector protocol. VTX will be used to help incentivize PTP conversion, stablecoin staking, and liquidity providing. Check out the Tokenomics section to learn more about how these emissions occur.