{"id":442518,"date":"2022-05-06T00:30:00","date_gmt":"2022-05-05T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vector-finance-vtx-tvl-hits-a-record-high-as-the-curve-wars-shift-to-avalanche\/"},"modified":"2022-05-06T00:30:00","modified_gmt":"2022-05-05T21:30:00","slug":"vector-finance-vtx-tvl-hits-a-record-high-as-the-curve-wars-shift-to-avalanche","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vector-finance-vtx-tvl-hits-a-record-high-as-the-curve-wars-shift-to-avalanche\/","title":{"rendered":"# Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a401c78b6203\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a401c78b6203\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/vector-finance-vtx-tvl-hits-a-record-high-as-the-curve-wars-shift-to-avalanche\/#%E2%80%9D_Vector_Finance_VTX_TVL_hits_a_record_high_as_the_Curve_Wars_shift_to_Avalanche_%E2%80%9C\" >&#8221; Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/vector-finance-vtx-tvl-hits-a-record-high-as-the-curve-wars-shift-to-avalanche\/#Total_value_locked_hits_a_new_high\" >Total value locked hits a new high<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Vector_Finance_VTX_TVL_hits_a_record_high_as_the_Curve_Wars_shift_to_Avalanche_%E2%80%9C\"><\/span>&#8221; Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The battle to attract stablecoin liquidity has been a trending <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a> across the cryptocurrency landscape for the past year, especially as decentralized finance users have come to realize the hefty APY that can be earned on dollar-peg assets.<\/p>\n<p>While Curve Finance remains the undisputed leader in interest bearing stablecoin liquidity pools, several new entrants have begun to climb the ranks, including Vector Finance (VTX), a protocol that enables Avalanche network users to generate boosted yields on their stablecoin positions. <\/p>\n<p>Data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/vector-finance\">CoinGecko<\/a> shows that the price of VTX recently underwent a trend reversal as its price climbed 52% from a low of $0.39 on May 1 to a daily high of $0.60 on May 4. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/b9c8babd-64ef-489a-a903-986541bdb7c0.jpg\"><figcaption style=\"text-align: center;\"><em>VTX\/USD 2-hour chart. Source: CoinGecko<\/em><\/figcaption><\/figure>\n<p>Here\u2019s a look at the factors that have helped spark a reversal in VTX price and point to an increase in the utilization of the Vector Finance protocol. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Total_value_locked_hits_a_new_high\"><\/span>Total value locked hits a new high<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One sign pointing to increased inflows to Vector Finance is the rise in the total value locked (TVL) on the protocol, which reached a new all-time high of $405.15 million on May 4 according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/vector-finance\">data<\/a> from Defi Llama. This is notable due to the fact that it came during a time of widespread weakness across the cryptocurrency market.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/03fd45de-b1ed-4774-9555-e9db2bc464ca.jpg\"><figcaption style=\"text-align: center;\"><em>Total value locked on Vector Finance. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>The rise in TVL comes as the platform integrated new pools fromTrader Joe, which offer a maximum yield of 69.6% for deposits of JOE\/USDC liquidity providers. <\/p>\n<p>Vector also offers single staking capabilities for VTX, Platypus Finance and JOE with yields of 12.8%, 144.9% and 117% respectively. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/611660b5-40d9-440e-92d4-8c5aa47f10ab.jpg\"><figcaption style=\"text-align: center;\"><em>Single staking yields on Vector Finance. Source: Vector Finance<\/em><\/figcaption><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish<\/em><\/strong><\/p>\n<p>Vector finance also added support fo Frax Shares, MIM and UST, with yields ranging from 7.3% to 15.1%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/9e181c32-b792-457f-af0b-b79be3ab649f.jpg\"><figcaption style=\"text-align: center;\"><em>Stablecoin yields on Vector Finance. Source: Vector Finance<\/em><\/figcaption><\/figure>\n<p>Yields for USD Coin (USDC) and Tether (USDT) range from 5.1% to 8.0%, while wrapped DAI (DAI.e) deposits can earn 3.1%. <\/p>\n<p>Vector is also focused on accumulating voting power within the Platypus and Trader Joe ecosystems by offering yields of 137.3% for xPTP-PTP deposits and 129.4% for zJOE-JOE deposits. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/f18e6f6f-b53c-4337-8610-5d23a148e0f9.jpg\"><figcaption style=\"text-align: center;\"><em>Vector LP pool yields. Source: Vector Finance<\/em><\/figcaption><\/figure>\n<p>Users who opt to provide liquidity in these pools can earn an additional 136.9% APY on top of the yield earned by staking the individual PTP and JOE tokens on Vector Finance. <\/p>\n<p>Another perk attracting liquidity could be the bonus yield of up to 70% for VTX holders who chose to lock their tokens for 16 weeks.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vector-finance-vtx-tvl-hits-a-record-high-as-the-curve-wars-shift-to-avalanche\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche &#8220; The battle to attract stablecoin liquidity has been a trending theme across the cryptocurrency landscape for the past year, especially as decentralized finance users have come to realize the hefty APY that can be earned on dollar-peg assets&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":442519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNzY5YTYyYjItY2I1Mi00OGViLWJlODEtZDBkYTNjMDgzMDViLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74860,74868,73785],"class_list":["post-442518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-defi","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=442518"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/442519"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=442518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=442518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=442518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}