Thread by @vector_fi

We certainly entered the #JOEWars with a bang! 💥 Since yesterday, over 8.23 million $JOE have been converted on Vector Finance. We are now the top deposited protocol in the veJOE pool, and quickly accruing veJOE! 👊

A 🧵for you.

1) #JOERush came out hot — we had 3 million $JOE converted on Vector in about 2 minutes. Leading up to the launch, we saw the traction we were getting and the team anticipated this might happen, so we made a plan.

2) We decided that if JOE Rush sold out in <5 minutes, that we would add an additional 500k $VTX but at a reduced rate of 1:12. This would give everyone a chance to participate who wasn’t able to get into the first round.

3) The first 3m happened so fast, that even members from our team weren’t able to convert! JOE Rush part 2 is still ongoing, but is nearly complete with only ~700k $JOE left to go!

4) You can convert $JOE now and receive bonus incentives for doing so on vectorfinance.io/stake - for every 12 $JOE converted you'll receive 1 $VTX locked up.

Stake the $zJOE you receive for even more rewards! 🤌

5) We've already accrued over 3.73 million veJOE (2.12% of the entire pool) resulting in massive APR boosts for our Trader Joe pools. The TVL in these is still quite low... a hidden gem on Vector.

6) APRs will only increase as we accrue more veJOE. It hasn’t even been 1 full day of accrual. LP providers on Vector also receive bonus $VTX when they stake! Let's breakdown that APR on the USDC/AVAX pool.👇

7) Right now there is a little over $1.35M in TVL for the AVAX pool and we're offering a 59.7% APR. #Nice

- 11.41% from $VTX
- 16.75% from trading fees on the LP
- 6.18% from the base JOE rewards
- 25.40% from our veJOE boost

8) Compare that to the APR on Trader Joe for those who don’t have veJOE: 7.55% for JOE + 16.80% for trading fees = 24.35%.

Add in the median veJOE boost APR of 13.64% and you're still not earning as much as we offer!

The power of being an acccccummulatooor 😈

9) Keep in mind that we are only in day 1 of our veJOE accrual. The veJOE boost we have will only continue to get better as we accrue more and more veJOE. 🛍️

All that JOE we're now staking puts us in an impressive lead for boosted $JOE yield.

10) Try us out! You can deposit your Trader Joe LP pool tokens on vectorfinance.io/stake under the Trader Joe LP tab.

You'll receive $VTX and boosted $JOE yield for doing so, all without having to stake for veJOE. 🤑

11) Take that $VTX and stake it for even more rewards of $VTX, $xPTP, and $zJOE from our protocol revenue.

The earned $JOE can be converted/staked on our site to earn even more $JOE and $VTX. It's the flywheel baby!

Use our compound button to do all this in one step! ♻️

12) Thanks to @defiwars_ for the great tracking of the #JOEwars and to everyone that has participated in #JOERush so far!