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Data from

Vector Finance is a protocol that seamlessly integrates with Platypus Finance. With Vector, users can generate enhanced yields on their stablecoins, regardless of whether they own any PTP tokens.

Issue Time
1970/01/01
Initial Price
US $ 0.02531261
Circulation/Max
0/100.00M
Dominance
0.00%
ROI --%
$0.02531261$1.59930184
Low · 2023/09/132023/09/13 · High

Information

What is Vector Finance and how does it work?

Vector Finance is a protocol that synergistically integrates with Platypus Finance and Trader Joe. It allows users to generate boosted yields on their stablecoins or JOE LP deposits, even if they dont own any PTP or JOE.

Vector achieves this by aggregating PTP and JOE from users who choose to convert their PTP or JOE on the platform. By doing so, Vector unlocks utility for the PTP and JOE tokens. Users who convert their PTP into xPTP or their JOE into zJOE receive a portion of the yield generated by the protocol. This enhances capital efficiency and attracts a more diverse user base for Platypus and Trader Joe.

VTX (Vector's governance token) receives a share of Vector's revenue (~33.3%) and grants voting power to PTP or JOE holders who may not prioritize governance. VTX is rewarded to xPTP and zJOE stakers, stablecoin and JOE LP depositors, and liquidity providers for our tokens.

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