Understanding xPTP, zJOE, and xQI
xPTP, zJOE and xQI conversion
Users can convert PTP to xPTP, or JOE to zJOE, or QI to xQI 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, zJOE or xQI to earn rewards from our various strategies for each.
When a user converts one of these tokens on Vector, it is owned by Vector
Vector incentivizes liquidity for xPTP-PTP, zJOE-JOE, and xQI-QI on Trader Joe but the exchange rate will be determined by the market
Liquidity Pools
Rather than staking these tokens, users can also choose to provide liquidity for xPTP, zJOE, or xQI on Trader Joe in the appropriate pool
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
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