Glossary
Trader Joe's governance and reward token for providing and staking liquidity. Vector Finance rewards users for converting their JOE to zJOE on our platform. We then take that JOE and stake it forever on Trader Joe, accruing veJOE and boosting yield for our JOE LP depositors.
Platypus Finance's governance and reward token for providing and staking liquidity. Vector Finance rewards users for converting their PTP to xPTP on our platform. We then take that PTP and stake it forever on Platypus, accruing vePTP and boosting stablecoin yield for our depositors.
Vote escrowed JOE is accrued as users stake JOE on Trader Joe's platform. It is not transferable and is lost when unstaking JOE. The higher a user's balance of veJOE, the more they can boost their yields on Trader Joe's boosted farms Vector's #1 goal as a protocol is to accumulate as much veJOE and vePTP as possible.
(Ve)nom PTP is accrued as users stake PTP on Platypus Finance's platform. It is not transferable and is lost when unstaking PTP. The higher a user's balance of vePTP, the more they can boost their stablecoin yields on Platypus. Vector's #1 goal as a protocol is to accumulate as much veJOE and vePTP as possible.
The governance and revenue-sharing token for Vector Finance. Users earn VTX by staking xPTP, depositing stablecoins on Vector, or providing liquidity for the protocol.
xPTP is minted by converting PTP at a 1:1 ratio. It can be staked on the Vector Finance platform to receive ~66.6% of our protocol revenue in the form of PTP. xPTP stakers also receive bonus rewards in the form of VTX.
zJOE is minted by converting JOE at a 1:1 ratio. It can be staked on the Vector Finance platform to receive ~66.6% of our protocol revenue from Trader Joe LP deposits in the form of JOE. zJOE stakers also receive bonus rewards in the form of VTX.
Last modified 1yr ago