Understanding VTX

Understanding VTX

VTX is the native governance token for Vector Finance. It has four primary use cases:

  1. 1.
    VTX stakers receive a portion of Vector’s protocol fees (~33.3% of all fees). The other 66.6% of fees are used to incentivize xPTP staking
  2. 2.
    Users can “lock” their VTX for 16 weeks. By locking VTX, users get:
    • Higher share of protocol fees
    • Gauge voting rights for Platypus, based on Vector’s accumulated vePTP balance
  3. 3.
    VTX tokenholders can supply VTX-AVAX LP on Trader Joe to receive incentivized emissions
  4. 4.
    Eventually, Vector will establish decentralized governance, where VTX emission weighting and bonus emissions will be determined by the community

Obtaining VTX tokens

  • VTX can be purchased on Trader Joe
  • VTX is emitted as a reward for Platypus stablecoin and JOE LP token depositors
  • VTX is rewarded to xPTP and zJOE stakers
  • VTX is distributed to xPTP-PTP and VTX-AVAX liquidity providers that stake their LP tokens on the Vector platform (incentives for zJOE-JOE liquidity providers will come after the addition of zJOE)
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Understanding VTX
Obtaining VTX tokens