Vector

• Vector Finance is a protocol that synergistically integrates with Platypus Finance and Trader Joe. Vector enables users to generate boosted yields on their stablecoins or JOE LP deposits, even if they don’t own any PTP or JOE.

• Vector is able to do this by aggregating PTP and JOE from users who choose to convert their PTP or JOE on our platform. In 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 allows for better capital efficiency and a more diverse user base for Platypus and Trader Joe.

• VTX (Vector's governance token) receives a share of Vector's revenue (~30%) and unlocks the highly sought after voting power from PTP or JOE holders who may not be as concerned with governance. VTX is rewarded to xPTP and zJOE stakers, stablecoin and JOE LP depositors, and liquidity providers for our tokens.

Auto-Compound Pools

• When you deposit into LP autocompounding pools that utilize Platypus Finance or Trader Joe, the rewards you earn are automatically swapped for the same underlying deposited assets, and added back into the pool.

• For other pools (LVTX, xPTP, zJOE, & Vector's LP pairs): PTP and JOE rewards are converted into xPTP and zJOE, and redeposited into xPTP & zJOE autocompounding pools. Any other reward tokens are automatically swapped into VTX and deposited into the autocompound LVTX pool, which autocompounds your LVTX rewards and auto-delegates your votes to the highest APR bribes. VTX rewards are also sent to the autocompound LVTX pool.

Overview - Must Read⚡

Vector Finance recently launched Balancer auto-compound pools on Avalanche. If you've staked in one of the staking platforms on Avalanche, such as GoGoPool, YieldYak, or Benqi Finance, you can bring your LSDs to Vector and deposit them into Balancer auto-compound pools for additional rewards and yields.

We should note that first, you should convert your LSD and some AVAX or Wrapped AVAX to N Bal LP (N stands for the LSD and AVAX paired) on Balancer, and then you can deposit them into LPs on Vector powered by Balancer itself.

With this method that Vector has launched, users can earn extra rewards with their LSDs. For example, if you stake your AVAX on GoGoPool and receive some ggAVAX in return in a 1:1 ratio, you can then pair it with some AVAX and deposit it into Vector's auto-compound pools to earn additional yield.

These pools will provide rewards as time passes, and what auto-compounding does is automatically swap the rewards you earn for the same underlying deposited assets, adding them back into the pool. This way, your deposited assets will increase!