Vector Redemption Update

We’re nearing the final steps of the redemption process. Here’s the latest update:

● All assets have been unstaked and converted to distribution assets

● LEND tokens have been sold for MNT (minimal price impact observed)

● Linear distributor set to 3 hours — sJoe rewards have been claimed and will be fully distributed within the next 3 hours

● Contract testing is in its final phase

● 100,000 MOE from zJoe has been sold to provide MNT to users converting zJoe only

Timeline

Redemption launch expected within the next 24 hours

Final Numbers

VTX Final Supply Calculation:

VTX actual supply: 59,057,287(included)
Old VTX converted: 25,795,224(excluded)
Old VTX total supply: 30,208,390(included)
Community multisig: 3,005,955 (excluded)
Old VTX in bricked masterchief: 502,027 (excluded)
New VTX in bricked contract: 392,283 (excluded)
Final Supply: 59,570,188 VTX

Redemption Ratios (per 1,000 tokens):

VTX/LVTX holders will receive:

0.472 MNT
58.137 MOE
49.205 JOE

zJOE holders will receive:

0.490 MNT
508.871 MOE
1,000 JOE (1:1 conversion)

Disclaimer: These numbers should be final, but they may change if we discover any discrepancies during our final checks, even though we have made maximum efforts to account for everything.

The redemption interface will be available on our website once testing is complete. Thank you for your patience as we finalize these last technical steps.