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