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Vector Finance VTX
VTX
0.01975
$
5.53 %
Change 24h
Market Cap
$ 1,069,805
Volume 24h
$ 4759.2
Circulating Supply
54,172,051
Total Supply
18,874,048
VTX
$
Description
Vector Finance is a protocol that synergistically integrates 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 ~71% of all yield generated by the protocol. This allows for better capital efficiency and a more diverse user base for Platypus.
VTX (Vector's governance token) receives a share of Vector's revenue (~29%) and unlocks the highly sought after voting power from PTP holders who may not be as concerned with governance. VTX is rewarded to xPTP stakers, stablecoin depositors, and liquidity providers.