Thread by @RiddlerDeFi

1/
@vertex_protocol is getting closer and closer to the mainnet and the future launch of $VRTX

I've prepared a thread that looks deep into this DEX architecture 🏦

Let's see how Vertex takes on the #CEX vs #DEX challenge🔎
👇🧵

@vertex_protocol 2/

TL;DR 🎙️

@vertex_protocol is a unique and innovative DEX on @arbitrum that uses an AMM-Orderbook hybrid to get the best of CEX and DEX 🤝

On top of it all, there's a good range of training tools and a large number of people are testing out the DEX

https://twitter.com/vertex_protocol/status/1620559163918274561

@vertex_protocol @arbitrum 3/

What I'll cover in this thread:

☑️ What's @vertex_protocol
☑️ CEX vs DEX
☑️ AMM-Orderbook hybrid
☑️ Trading stack and features

@vertex_protocol @arbitrum 4/

What's @vertex_protocol?

This next-level DEX coming to @arbitrum wants to spearhead the battle between CEXs and DEXs ⚔️

Its primary weapons are high-quality UX/UI and the unique AMM-Orderbook hybrid 🌀

@vertex_protocol @arbitrum 5/

Vertex aims at specific qualities needed for a DEX to be competitive:

▶️ Cheap
▶️ Fast
▶️ Fair
▶️ Safe
▶️ Convenient

@vertex_protocol @arbitrum 6/

To satisfy the need of CEXs' users, Vertex has a good trading stack

It also has On/Off ramps for conversions between FIAT and Crypto 🚀

Bridges are present to help capital move around between the different spots of chains and #DeFi 🌉

@vertex_protocol @arbitrum 7/

To complete everything, UX and UI are greatly enhanced 💎

The goal here is to achieve the same degree of familiarity that users find in Web2 and CEXs

All aimed at the various users' targets, from the independent DeFi degen to the automated traders 💹

@vertex_protocol @arbitrum 8/

CEX vs DEX ⚔️

Vertex's soul rises from the competition between CEX and DEX

Native DeFi users recognize the importance of self-custodiality, even more so after the bad ending of @FTX_Official 🗝️🔑

@vertex_protocol @arbitrum @FTX_Official 9/

Even with the infamous crash of @SBF_FTX, almost 3/4 of daily crypto volumes are still being handled by @binance

Why do people still give up their assets' custody? 🔐

A lot of power over the crypto scene lies in a few people's hands

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 10/

In Vertex's opinion, it all boils down to costs, speed, and convenience 🔺

While DEXs have been rising in popularity and better products have been released, CEXs still have the upper hand on quality

Clean UX/UI reminds users of classic Web2 🌐

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 11/

Convenient ➡️ Easier to use, less complicated than on-chain for newbies

Fast ➡️ Centralized orderbooks have the required speed for advanced traders

Cheaper ➡️ Automated traders and whales can save a lot of money with CEXs costs

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 12/

Another problem DEXs have is the small variety of offered products

Most of them focus only on either perps or spot trading, with a handful of trading pairs 💱

On the other side, CEXs have hundreds of pairs and plentiful different investing products 🏦

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 13/

AMM-Orderbook hybrid 🌀

Let's talk about one of the main perks of Vertex 👇

CEXs usually use Orderbook

They show all bids and offers, highlighting liquidity and prices at various points in the market

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 14/

DEXs use AMM on the other side because orderbooks are hardly applicable to on-chain activities ⛓️

They have some perks of their own, like passive earning from LPs, but also a lot of downsides like slowness

Vertex's solution is to use both 👇

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 15/

An orderbook running on a highly optimized EVM node allows for high efficiency and CEX-competitive speed ⚡

The integrated AMM brings the needed decentralization and safety of the @arbitrum L2

Gasless order placements and no front-running in the same trading venue 🤝

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 16/

Trading stack and features 💹

Vertex solves the limited functions of DEX by having a wider range of tools and products

🟣 Spot trading
🟣 Perpetual trading
🟣 Money Market

Everything supplied by good infrastructure

🔷 On/Off Ramps
🔷 Bridges
🔷 Great UX/UI

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 17/

This fully integrated trading stack of Spot, Perps, and Borrow/Lend enables certain activities 👇

▪️ Arbitrage, which helps with price
▪️ Cross margining, for more efficient trading
▪️ Abstracted Trading Strategies like Basis Trading and Looping
▪️ Robust Risk Management

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 18/

On/Off Ramps and Bridges, give users easy access to Vertex from different venues

Be it straight from a bank account or liquidity coming from other blockchains 🌐

Users don't have to go through painful (and expensive) movements to bring liquidity to Vertex 💸

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 19/

The DEX ensures security thanks to self-custodiality and users connect to smart contracts through frontend and APIs

The UI/UX is optimized for

✅ Friendly sign-in Wallets
✅ Multiple Trading Interfaces for different traders
✅ API and SDK tooling for Automated Traders

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 20/

@vertex_protocol recognizes that flexibility is a must for the DEX moving on

The community it services can change with time and the exchange must adapt to users' needs to survive 🌌
medium.com/@vertexprotoco…

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance 21/

Links for DYOR 🌐

Twitter: @vertex_protocol
Blog: blog.vertexprotocol.com
Linktree: linktr.ee/vertex_protocol
Site: vertexprotocol.io

@vertex_protocol @arbitrum @FTX_Official @SBF_FTX @binance That was it for this thread 🧵

You know the drill 🫡

Follow me @RiddlerDeFi for more alpha 🧠 

Best way to support is to simply drop a RT + LIKE on the #1 tweet of this thread 🖤

https://twitter.com/RiddlerDeFi/status/1623713602023706628