zJOE Buyback Program Shows Strong Results with Improved Ratios
zJOE Buyback Program Shows Strong Results with Improved Ratios
馃敟 zJOE Ratio Gets Spicy
The zJOE Buyback Program has demonstrated significant progress in asset value correction. Key highlights:
- Ratio improved from 1 JOE = 3.5 zJOE to current 0.8972 JOE
- Total of 6,857,488 zJOE repurchased
- 4,148,998 zJOE permanently burned
- 2,651,956 zJOE staked for LVTX returns
Early investors have benefited from:
- Multiple increases in asset value
- Regular USDC returns from high rates
- Additional MOE token ownership
The program continues to maintain sustainable high return rates through systematic buybacks.
Those who bought zJOE during the discount period now own more JOE and also MOE. Thanks to the Buyback Program and the sustainable high rate of return payment system established, zJOE has come a long way. Current ratio is 0.8972 JOE
Right now, the token is trading at an almost 50% discount despite being fully backed by JOE. In September, Vector promised buybacks, which briefly helped get the peg closer to where it should be, but it has been deteriorating ever since.
Staking Rewards Update: zJOE and LVTX February Distribution
**Latest Staking Returns**: - $zJOE stakers: 13,847 USDC - $LVTX stakers: 1,258 USDC These rewards will be distributed linearly from February 3rd to March 1st, 2025. This represents a change from January's distribution, where $zJOE received 7,567 USDC and $LVTX received 30,356 USDC. *Note: Pending returns for Lendle, KTX, and MerchantMoe will be announced separately.*
Staking Rewards Update for zJOE and LVTX
Returns for $zJOE and $LVTX stakers were collected on 10/08/2024: - $zJOE stakers: 6,589 $USDC - $LVTX stakers: 2,009 $USDC These rewards will be distributed linearly from 10/08 to 11/09. **Important change:** Starting this accounting period, rewards will now be collected on the 1st of each month. For more details, visit the Discord channel link provided.