Vector allows you to convert your PTP or JOE on our site to receive liquid-wrapped derivative tokens: xPTP or zJOE. You can then stake these on our site to earn rewards from our protocol revenue and VTX.
Starting on July 27th, 2022 our converter now routes intelligently to get you the best conversion rate. Instead of always minting our liquid wrapper tokens at a 1:1 ratio when converting, we now also buyback xPTP or zJOE from our liquidity pools on Trader Joe. This ensures you are getting the best conversion rate for your tokens.
The Smart Converter is utilized anytime the protocol would convert to make xPTP or zJOE: