Rocket Joe Launch Partners: Echidna and Vector

Rocket Joe Launch Partners #3 & #4: Echidna and Vector

Rocket Joe’s first concurrent launch features Echidna and Vector, two Platypus Finance (PTP) yield boosting protocols, aiming to capitalize on Platypus Finance’s innovative Tokenomics design, improving UX for holders of PTP and their native tokens. As the space race gets underway, who will you back — Echidna, Vector, or both?

What are the Curve Wars?

To understand Platypus's relationship with Echidna and Vector, first, we must understand the narrative derived from ‘The Curve Wars’. The Curve Wars reference the competitive nature between protocols capturing $CRV Token to influence liquidity and voting power on the Curve Platform. This is a race between competitors, the more $CRV that is controlled, the more influence can be exerted for voting on liquidity pool incentives. Greater influence on voting will help to secure more rewards to preferred pools. Therefore, a larger share of voting power can be deemed as a competitive advantage in the market.

How does Platypus Finance fit in?

The Curve wars are centred around Curve, the Platypus Wars are centred around Platypus. Platypus at high level, is an Avalanche native alternative to Curve. Thus, we see a Platypus ‘Wars/Party’ scenario about to unfold, where Avalanche native protocols will ‘Battle/Dance’ it out to control a lions share of incentives offered by the Platypus Finance platform via its vePTP Tokenomics.

What is Platypus Finance?

The Platypus Finance protocol is a single-side AMM facilitating the exchange of stablecoins (ERC20 tokens) on the Avalanche blockchain with maximum capital efficiency. Platypus is known for its low-fee and low-slippage mechanisms, as well as the vePTP tokenomics design. A notable mention here is that Trader Joe took inspiration from vePTP to design veJOE Staking which plans to launch in early March. For more information on Platypus Finance please check out their website linked below:

Get ready to Duel

🚀Launch Partner: Echidna Finance

Echidna Finance is a PTP yield boosting protocol, modeling its relationship with Platypus on Convex’s involvement in the Curve ecosystem. Echidna aims to solve issues for PTP holders, namely bypassing PTP’s withdrawal penalty and the 10 month vePTP accumulation period, providing users with the highest possible PTP yields.

Echidna: Launch Protocol Overview

  • Aim to build the largest treasury of PTP for vePTP accumulation
  • Leverage Echidna’s vePTP treasury to earn up to triple-digit yield
  • Simplify the process by a) removing the need to constantly claim PTP and b) enabling users to freely withdraw PTP without losing their boost rewards
  • Reward users in native ECD token and additional PTP rewards
  • Brand and Community focused integration with Platypus, the Echidna is the only other Mammel that lays an egg (like a Platypus).
  • Audited by Omniscia (Same auditor as Platypus)

Echidna: Key Details

There are 3 types of stakeholders that will interact with the Echidna Protocol, which are Platypus LP token holders, PTP holders and ECD holders. (ECD is Echidna’s native LP token).

Echidna: Platypus LP Token Holders

  • Generate the highest possible return on stablecoins via Echidna’s vePTP treasury
  • No withdrawal penalty and 10-month accumulation period
  • Removes the issue of optimized capital allocation between PTP and stablecoins
  • Removes the issue of exposing users to PTP price volatility

Echidna: PTP Holders

  • PTP token holders can convert their PTP for ecdPTP and stake ecdPTP to earn Echidna’s native LP token ECD
  • Echidna rewards users for contributing to the PTP treasury by tokenizing vePTP with ECD to increase liquidity and fungibility of vePTP
  • ecdPTP stakers are entitled to a bonus allocation of all PTP generated by Echidna as a bonus reward, boosting yields further.

Echidna: ECD Holders

  • Users can lock ECD to accumulate veECD, which accumulates over time and gives voting power over the governance of Echidna and Platypus via our vePTP treasury.

Echidna: Tokenomics

Social Links

Learn More About Echidna

🚀 Launch Partner: Vector Finance

Vector Finance is a protocol that works symbiotically with Platypus. Users can deposit stablecoins and earn boosted PTP yields without having to directly stake PTP, as well as enabling PTP holders to earn by staking PTP for xPTP, receiving yield from Vector protocol fees and emissions.

Vector: Launch Protocol Overview

  • Users can deposit stablecoins and receive boosted yields via Vector’s accumulated vePTP balance
  • Vector accumulates and holds PTP so users don’t have to, providing greater flexibility
  • Vector accrues PTP voting power by accruing vePTP, increasing the influence of the VTX token
  • Vector Finance are comprised of the Magnet DAO Team and therefore will be leveraging the strength of the Magnet DAO Protocol and Community to help jump start the success of the Vector Finance Protocol.
  • Audited by Omniscia (Same auditor as Platypus)

Vector: Key Details

There are 3 types of stakeholders that will interact with the Vector Protocol, which are PTP holders, Stablecoin Depositors and Liquidity Providers using VTX native token (PTP-xPTP or AVAX-VTX)

Vector: PTP Holders

  • Convert PTP to xPTP
  • Stake xPTP and earn a share of the performance fees generated by the VTX platform
  • Receive rewards in PTP and VTX

Vector: Stablecoin Depositors

  • Deposit stablecoins
  • Receive boosted yields, though Vector’s accumulated vePTP balance
  • Receive rewards in PTP and VTX

Vector: Liquidity Providers

  • Supply liquidity for PTP-xPTP and/or AVAX-VTX on Trader Joe
  • Stake the LP tokens on our platform
  • Receive rewards in VTX
  • Stake that for a percentage of the protocol’s profit

Vector: Tokenomics

Social Links

Learn More About Vector

Rocket Joe Launch Details

Vector and Echidna are launching exclusively via Rocket Joe

🔹 Launch Parameters


  • Supply: 4m (4% of total Tokens)
  • Bonus Tokens: 500k (+12.5% Bonus)
  • Airdrop TGE: 300k (0.3% of total Tokens)

TGE - 300k (0.3%): Important to highlight those eligible for this airdrop that claim the initial unlock, will forfeit all future vesting of the remaining airdrop and therefore, the Vector Finance team expect very little additional Tokens to enter circulation during the Rocket Joe Launch.


  • Supply: 15m (3% of total Tokens)
  • Bonus Tokens: 1.875m (+12.5% Bonus)
  • Max Cap per User: 1000 AVAX
  • Airdrop TGE: 1.5m (0.3% of total Tokens)

TGE — 1.5m (0.3%): Important to highlight those eligible for this airdrop that claim the initial unlock, will forfeit all future vesting of the remaining airdrop and therefore, the Echidna Finance team expect very little additional Tokens to enter circulation during the Rocket Joe Launch.


  • LP Lock Time: 3 days ***
  • Withdrawal Fee: 5% Max
  • Double Reward Farms to be deployed for both

🔹 Rocket Joe Timeline

  • 24th February — 1:30PM UTC — Twitter Spaces AMA 🎙
  • 24th February — 6PM UTC — Deposit Opens
  • 26th February — 6PM UTC — Deposit Close, Withdraw only
  • 27th February — 6PM UTC — Launch
  • 2nd March — 6PM UTC — Unlock LP and Farm

🔹 How to Access Rocket Joe Launches

To access exclusive Rocket Joe Launches, you must acquire rJOE. You can acquire rJOE from Staking JOE. To find out more details about Rocket Joe and rJOE Staking, you can check out the following docs linked below:

About Trader Joe

Trader Joe is a one-stop-shop decentralized trading platform native to the Avalanche blockchain. Trader Joe builds fast, securely and aims to serve the community at the frontier of DeFi. Maximize your yield generating activities under one fully integrated roof, providing you with a unique, innovative, and highly accessible DeFi experience.

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One-stop Trading Platform on Avalanche