Understanding xPTP and zJOE
- Users can convert PTP to xPTP, or JOE to zJOE, at a 1:1 ratio on Vector Finance
- Users may receive a better than 1:1 ratio when converting on Vector Finance due to our Smart Converter
- Conversion on Vector is permanent: markets may exist for xPTP or zJOE liquidity however
- Users can then stake that xPTP or zJOE to earn ~60% of Vector's revenue, paid out in PTP or JOE, respectively. Vector further incentivizes xPTP and zJOE staking by rewarding stakers with VTX, our governance token
- When a user converts PTP into xPTP on Vector, that PTP is owned by Vector and locked forever on Platypus Finance; the same can be said for JOE converted to zJOE
- xPTP can be sold for PTP at anytime on Trader Joe; zJOE can be sold for JOE
- Vector incentivizes liquidity for xPTP-PTP and zJOE-JOE, but the exchange rate will be determined by the market
- Rather than staking xPTP or zJOE, users can also choose to provide liquidity for xPTP-PTP, or zJOE-JOE, on Trader Joe
- Users can then stake the Trader Joe LP token on Vector to receive VTX rewards
- This is done in order to incentivize sufficient liquidity for users to be able to seamlessly enter and exit the Vector Finance ecosystem
Last modified 2mo ago