You are probably familiar with the Avalanche ecosystem – an outstanding ecosystem with many milestones in 2021 and also a project with the concept of “Internet of blockchain” like Cosmos or Polkadot. Avalanche starts in early 2021 and the first phase is somewhat slower than its predecessors. But gradually developing rapidly with the unique advantages of the ecosystem, the DeFi puzzle pieces also gradually formed a more complete way.
Following Avalanche’s series of DeFi products with an extremely high TVL volume, today’s article will help you learn more about Vector Finance – a platform that belongs to the Yield Optimizer puzzle piece on Avalanche.
What is Vector Finance?
Vector Finance is a DeFi project of the Yield (Yield Optimizer) source optimization model on the Avalanche ecosystem. To be more precise, Vector Finance is a Yield Optimizer of the protocol Platypus Finance – a single-side AMM operating on the Avalanche ecosystem.
As a Stablecoin & LP provider, Vector allows its users to deposit stablecoins, stake PTP tokens (Native tokens of Platypus Finance) and earn bigger profits than on Platypus Finance platform.
Highlights of Vector Finance
Vector Finance was developed with features as a solution to eliminate disadvantages on existing StableSwap. In addition, with a synchronous mechanism with Platypus Finance, Vector allows users to generate boosted yields on stablecoins without staking PTP tokens, and without having to worry about hoarding vePTP.
This feature allows stablecoin depositors to take advantage APR has been boosted by Vector, in addition, PTP holders can also benefit by converting and staking xPTP to be able to earn profits from the protocol’s fees.
For PTP holders on Vector Finance:
- Can convert PTP to xPTP.
- Stake xPTP to be able to earn a portion of the performance fees generated by the VTX platform.
- Get rewards of PTP and VTX.
With Stablecoin Depositors on Vector Finance:
- You can deposit your stablecoins.
- Get a boosted yield thanks to the vePTP balance accumulated on Vector.
- Get rewards of PTP and VTX.
With Liquidity Providers on Vector Finance:
- Liquidity for PTP-xPTP, or AVAX-VTX pairs can be provided on the platform Trader Joe.
- Stake LP tokens on the platform.
- Get VTX rewards and stake a percentage of the protocol’s profits.
Benefits of holding VTX Token
As the governance token of Vector Finance, VTX token holders will have the opportunity to enjoy the following privileges:
- VTX stakers will receive a portion of Vector’s fees (~29% of all fees).
- Use the VTX token lock feature to get the benefits of the protocol.
- Stake VTX-AVAX LP on Trader Joe to get incentivized emissions.
Project team, investors & partners
Project team
Investors
Updating…
Partner
Roadmaps & Updates
Updating…
Detailed information about VTX Token
VTX Key Metrics
- Token Name: Vector Finance Token
- Ticker: VTX
- Blockchain: Avalanche
- Token Standard: ARC-20
- Contract: 0x5817D4F0b62A59b17f75207DA1848C2cE75e7AF4
- Token Type: Utility, Governance
- Total Supply: 100,000,000 VTX
- Circulating Supply: Updating…
VTX Token Allocation
- Liquidity Mining: 55%
- Team: 16%
- Core & Future Team: 8%
- Magnet: 8%
- Bonus Emission: 15%
- Community Treasury: 5%
- Rocket Joe: 4.5%
- vePTP Airdrop: 3%
- Advisors: 1.5%
VTX Token Sale
Up to now, the project has not held a Private Sale.
VTX Token Release Schedule
How to earn and own VTX Tokens
To own VTX Token, you can:
- Deposit stablecoin to receive VTX.
- Stake xPTP to get VTX.
- Stake xPTP-PTP LP and VTX-AVAX LP on Vector Finance’s platform to receive VTX.
- Users can buy tokens on TraderJoe exchange.
Wallets & Exchanges VTX Tokens
Storage wallet VTX token
You can store VTX tokens on supported exchanges or follow the steps below to store them right on your interface. Techtipsnreview Super App:
Step 1: At the main interface, select the icon Wallet in the toolbar at the bottom of the screen.
Step 2: Click item Receive.
Step 3: Import VTX in the search box.
Step 4: Copy the VTX wallet address and send VTX tokens to this address.
VTX token exchange
VTX is currently being traded on Trader Joe and Techtipsnreview Exchange. You can swap VTX directly at the Techtipsnreview Exchange interface at the end of this article!
See more: Direction Techtipsnreview Exchange User Guide
Vector Finance’s information channels
summary
Above is the latest information about Vector Finance that I have updated, Vector Finance is still in the process of completing the puzzle pieces, I will update the article to you as soon as possible.
Don’t forget to follow the column Coins & Tokens of Techtipsnreview Insights to get the fastest updates on detailed information about the hottest projects and coins/tokens on the Crypto market!
Source: What is Vector Finance (VTX)? Complete set of VTX cryptocurrency
– TechtipsnReview
