In this video we take a more in depth look at Vector Finance (VTX token), a project I have been using since it's inception.
Vector Finance is an Avax Defi Yield app resembling convex finance on ethereum. It stacks and locks Trader Joe coin & platypus finance. For quite a while now, it has collected over 50% of all the circulating Trader Joe tokens . It stakes both the trader JOE token and the platypus token for zJOE and xPTP a receipt of staking your tokens on Vector Finance. You can then stake your receipt proof to earn 66% of the revenue all the trader Joe or platypus pools make (depending on which receipt u have). In the meantime Vector Finance relocks all the tokens to accumulate as big a veTOKEN balance as possible to also boost the yields and create higher returns for the users of the protocol who are not interested in governance or staking xPTP or zJOE but want to single side stake assets like avax or create LP positions on trader joe. We discuss what’s vector finance, what’s platypus finance and what’s trader joe exchange? What extra risks are you taking on when you are investing in ...