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Mechanics
Below we breakdown how Vector Finance works with Platypus Finance and Trader Joe to boost your DeFi yield.
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.
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 is redirected back to xPTP holders, providing the xPTP token with significant value. The remaining performance fee will be redirected to users who lock VTX.
VTX is the governance token for the Vector protocol. VTX is used to help incentivize PTP conversion and liquidity providing. Check out the Tokenomics section to learn more about how these emissions occur.
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.
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 is redirected back to zJOE holders, providing the zJOE token with significant value. The remaining performance fee will be redirected to users who lock VTX.
VTX is the governance token for the Vector protocol. VTX is used to help incentivize JOE conversion, and liquidity providing. Check out the Tokenomics section to learn more about how these emissions occur.
Last modified 1mo ago