Vector

Yield Aggregator

Vector is a yield management protocol that helps users automatically reinvest rewards of active DeFi investments on the Avalanche network.

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
Vector is a liquidity aggregrator that is exclusively focused on maximizing yields for Trader Joe and Playtpus pools.
What we like less
Vector is built upon the Trader Joe and Platypus platforms so it is exposed to the underlying risks and performance of their pools.
What it means for you
Offers you a way to boost your JOE and PTP rewards by staking directly through Vector due to its liquidity blackhole.

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Information
Exploit/Hacks
None
Info
  • Website
  • Token: VTX
  • Tags: Yield Aggregator
Key Metrics
  • TVL: $2.9M (Rank #177)
  • TVL Ranking by Yield Aggregator: #0
  • Blockchain: Avalanche
  • Chain TVL
    • Avalanche: $2.94M
Risk Assessment
Watch Out
Protocol Code Quality
  • Code reviewed by at least one experienced auditor; Omniscia audited in February 2022
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 10% by total value locked reduces risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • At least one critical governance issue documented
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
Things to know about Vector

How Vector works

At its core, Vector is a liquidity aggregator, similar to Convex, that pools all user JOE and PTP deposits together and stakes them for the vote-escrowed versions (veJOE and vePTP). The primary purpose of holding PTP and JOE today is to boost rewards for staking on the Playtpus and Trader Joe Platform. While veJOE and vePTP are not locked, users are incentivized to stake for as long as possible, since it accrues over time, and once a user unstakes any amount, their ve-balance resets to 0. Vector enables users to boost their yield on stablecoins or JOE liqudity provider (LP) tokens, even if the user doesn't own any PTP or JOE. The protocol achieves this be aggregrating PTP and JOE from users who choose to convert on Vector. Vector then converts their PTP into xPTP and JOE into zJOE, and automatically stakes it on the Platypus and Trader Joe platforms. In return, users receive a portion of the yield generated by the protocol as well as additional VTX rewards.

How Vector makes money

Vector collects 5% of all PTP revenue generated by Platypus LPs and 2% of all JOE revenue generated by Trader Joe LPs on its platform. The collected fees are sent to the protocol treasury for to fund the team's operating costs.

How you make money on Vector

You can provide liquidity for Playtpus and Trader Joe pools and keep 80% of your earnings, with the remaining distributed to xPTP or zJOE stakers, VTX lockers and the team treasury. You can deposit PTP and JOE in exchange for xPTP and zJOE, which can then be staked to receive ~66.7% of all revenue generated by LPs (paid out as PTP and JOE) on the Vector platform. VTX lockers receive ~33% of protocol revenue from Playtpus and Trader Joe (paid out as xPTP and zJOE).

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