Vector Finance launch Details $PTP Rush Program

Published on: 27.02.2022

Vector Finance officially launches on February 27th at 6PM UTC, and audited by Omniscia, whitelisted by the Platypus Finance team, and now are ready to go live!

During the launch you will receive boosted rewards for converting your PTP to xPTP on their platform. As well, take advantage of double rewards farm on Trader Joe for VTX/AVAX! There are plenty of ways in which you can participate in the launch.

PTP Rush Program — Boosted Rewards for Early Converters

Get your PTP ready! They turning up the dial on their launch by amplifying every PTP deposited onto their protocol with even more VTX rewards than normal.

They will be rewarding users that convert PTP to xPTP and stake on their platform with additional rewards of their governance and revenue-sharing token — VTX. They allocated over 2 million VTX from their bonus emission pool to be distributed until the first 2 million PTP are converted on their site. The highest rewards will come at the onset, so the earlier you convert, the more rewards you will receive!

Once all VTX from the PTP Rush program have been emitted, they move to a logarithmic emission schedule as outlined here in their Gitbook docs.

Double Reward Farm on Trader Joe

From March 2nd to March 17th, Trader Joe will be rewarding VTX/AVAX liquidity pool token holders with JOE and additional VTX on a double reward farm. You can participate by adding VTX/AVAX liquidity on Trader Joe and then staking that on the farm. By doing so, you will accrue both JOE and VTX as rewards. With the VTX earned, you can then stake or lock that VTX on our site to earn even more rewards from their protocol performance fee.

Summary

Vector Finance is starting the PTP Party off with a bang:

1. Participate in their PTP Rush event! It runs until 2 million PTP is converted

2. Higher rewards will be given out to early converters!

3. Receive double rewards of JOE and VTX for providing VTX/AVAX liquidity on on Trader Joe from March 2nd through March 17th

4. Start earning boosted yield for your stablecoins on February 27th at 6PM UTC!

About Vector Finance

Vector Finance is a protocol that symbiotically works with Platypus Finance. Vector enables users to generate boosted yields on their stablecoins, even if they don’t own any PTP. Vector is able to do this by aggregating PTP from users who choose to convert their PTP into xPTP. In doing so, Vector also unlocks utility for the PTP token: users who convert their PTP into xPTP receive a large percentage of all yield generated by the protocol.