1/ $ARB Incentives: Week 3 claim is now LIVE 💙 🧡

Over 210,000 $ARB have been distributed to traders on Vertex this week!

Trade on Vertex to participate & earn a share of up-to 3M $ARB rewards, alongside $VRTX.

🧵 ⤵️ 2/ Trade on Vertex - Earn $ARB & $VRTX

ARB rewards for trading on Vertex are similar to the Trade & Earn program, but this time in ARB tokens!

➡️ Earn rewards on trading fees up to a maximum of 75% of the taker fee paid.

1/ $VRTX Staking Rewards Claim Live!

A total of $300,887 $USDC.e have been distributed to VRTX stakers.

➡️

Read on for a breakdown of rewards...

🧵 ⤵️ app.vertexprotocol.com/vrtx
2/ Staking Rewards Calculation (Prev. 7 Days) 🧮

Total Fees: 905,830.23 USDC
Maker Rebates: 217,454.98 USDC
Gas Cost: 86,600.75 USDC

Net Revenue: 601,774.5 USDC
Staking Distribution: 300,887.25 USDC

1/ 📢 $VRTX Trading is now LIVE

Trade on the Vertex app.
➡️

Read on for $VRTX listings…

🧵 ⤵️ app.vertexprotocol.com/spot/VRTX-USDC…
2/ KuCoin

https://twitter.com/kucoincom/status/1726543446239056067

1/ 📢 $VRTX Liquid Claim & Staking is now LIVE

➡️

Stake $VRTX to generate voVRTX & earn rewards! Read on to learn more about the Token Launch & Staking, anon.

Note, trading will go live at 13:00 UTC.

🧵 ⤵️ app.vertexprotocol.com/vrtx
2/ Token Launch Tutorial 👇

VRTX can now be claimed via the Vertex App.
vertex-protocol.gitbook.io/docs/community…

1/ 🔊 The Vertex LBA has officially concluded!

In total, 13.7M $VRTX & 4.29M $USDC.e was supplied & locked in the LBA by the community!

What does this mean, anon?
• $VRTX Listing Price Set
• Token Launch, Staking & Trading Imminent

Read on for more details...

🧵 ⤵️ 2/ $VRTX Listing Price 📋

Now that the LBA has concluded and initial liquidity has been locked, the listing price of $VRTX will be set at...

$VRTX ➡️ $0.3133

1/ Vertex’s initial token phase (ITP) has concluded!

VRTX earned during epochs 1 - 7 will be available to;
1️⃣ Pre-claim & supply to the LBA (November 13th)
2️⃣ Liquid claim (November 20th)

TODAY - Vertex’s Ongoing Emissions & $ARB Incentives begin!

🧵⤵️ 2/ Ongoing Emissions 📶

Incentives will seamlessly begin with the start of Epoch #8 - earning VRTX during this phase is simple.

➡️ Fee paying trade = Earn $VRTX

Note, a total of 34% of $VRTX is allocated to ongoing trading rewards on Vertex.

1/ The $VRTX Token Launch…

📅 November 20th

With only 1 week until the start of Vertex’s Liquidity Bootstrapping Auction, everyone’s been asking 👇

What the **** happens when the LBA ends?

🧵⤵️ 2/ In this post, we’ll cover:

• Pool Formation
• Claiming VRTX Rewards
• Staking VRTX!

For full details & an in-depth tutorial, make sure to check out the blog post ⬇️

blog.vertexprotocol.com/the-vrtx-token…

1/ It's time to prepare for The Vertex Liquidity Bootstrapping Auction (LBA) & $VRTX token launch ⚡️

📅 November 13th → November 20th

But how the **** do I participate in the LBA?

You’re going to want to bookmark this one, anon.

🧵⤵️ 2/ First things first 🚨

For full details & an in-depth tutorial on the LBA, make sure to check out the blog post ⬇️

blog.vertexprotocol.com/how-to-partici…

Vertex's @arbitrum DAO STIP proposal has passed!

A huge shoutout to the $ARB community, delegates and @elixirprotocol who supported us during the vote 💙 🧡

We're humbled by the level of participation in the process & appreciate the time dedicated to reviewing all proposals ⚡️ Our goal is to:

- Convert CEX users to the security of on-chain trading.

- Increase on-chain activity & generate revenue for Arb DAO.

- Grow Arbitrum TVL via community market making (@ElixirProtocol).

- Grow liquidity as an ecosystem hub of low-cost, high-performance trading.

1/ Vertex is now live on the @arbitrum mainnet 🚀

Start trading with lightning-fast speed & universal cross-margin across spot, perps & money markets!

Trade like a CEX, self-custody like a DEX.

Welcome to Vertex 🏔️

app.vertexprotocol.com twitter.com/i/web/status/1… 2/ What can you do on Vertex, anon? Check out the tour below 👇

Tap into the capital efficiency benefits of vertically-integrated products:

🏔️Spot
🏔️Perpetuals
🏔️Money Markets

Trade, earn, and borrow – all in one DEX.

1/ Introducing Part 2 of the pre-launch 🧵series

Vertex’s sequencer & scaling DEX liquidity to compete with CEXs 🏔️

Performance, efficient price discovery & trading fees 👇 twitter.com/i/web/status/1… 2/ For a primer on Part 1 describing the capital efficiency of Vertex’s bundled product suite and universal cross-margin, check out the thread below 👇

https://twitter.com/vertex_protocol/status/1650668376270966786

Now let’s dive into scalable liquidity 😎

1/ Vertex’s public mainnet launch on @arbitrum is coming this week 🚀

Spot, perps & integrated money markets across universal margin accounts -- Vertex is not your average DEX. Vertex is built different.

Explore how in Part 1 of a pre-launch 🧵series!

Efficient Capital 👇 twitter.com/i/web/status/1… 2/ Exchange capital efficiency refers to how effectively traders can utilize their capital to express a view on markets with one and/or multiple positions.

Relevant metrics include collateralization requirements, costs, borrowing rates, performance, pool design & margin engines.

1/ Vertex is lightning-fast.

With order-matching speeds of 10 - 30 milliseconds, it's on par with your favorite CEX.

The low latency is the result of the Hybrid Orderbook-AMM design – primarily the off-chain sequencer.

What’s the sequencer & how does it work?

🧵below 2/ For an overview of Vertex’s Hybrid Orderbook-AMM design, you can check out the thread below from earlier this week.

https://mobile.twitter.com/vertex_protocol/status/1602376143541149696

1/ ⚡️The Vertex Public Testnet is live!

app.vertexprotocol.com

Before testing, read the 🧵 below for a walkthrough 🐾 2/ What is Vertex?

Vertex is a CLOB, cross-margined DEX protocol built on @arbitrum.

Utilize all your funds across deposits, positions & PNL towards your margin – enabling better capital efficiency & flexibility.

Vertex is excited to announce our roadmap to launch… so grab a ☕️ and read on to find out what’s going on, where you can meet us and how you can get involved…

A 🧵 2/10 So where have we been? Talk is cheap and we rather get sh*t done than talk (looking at you CT)… that said, we are pumped to share what we have been working on. (Sorry, not sorry. xx)

The Nitro migration is complete 🏎 congrats @arbitrum!

Short refresher on the most advanced rollup stack - the Nitro Stack👇 Nitro is a massive upgrade. It enables the Arbitrum engine to be written & compiled in standard languages.

But what does this mean for YOU?

⚡  Faster transaction
🤑  Lower fees
🙌  Better user experience for dApps

It’s been a pretty heavy 2 months for crypto...

Meanwhile, the @vertex_protocol team has been grinding on the future of #DeFi and it looks 🔥

Have you ever wanted a more integrated, CEX-like experience on-chain?

Here’s how we plan to bring it to @arbitrum 👀

1/🧵 2/ First, this is a long thread.

So, TLDR, here’s what we’re building:

✅Spot, perps & borrow/lend
✅Cross-margining between products
✅An on-chain orderbook

Combined into one robust & capital-efficient protocol...

1/ Outstanding derivatives positions in FX equate to $90-100 trillion. If we can capture just 0.1% of that...

🧵Thread on how @vertex_protocol is being carefully crafted to onboard the next $100b in $UST market cap. 2/ At the heart of Vertex is its design; namely, perpetual swaps and a virtual AMM (vAMM) model.

Both are highly optimized for on-chain FX markets & enable a number of #DeFi primitives, such as a multi-currency @anchor_protocol.

The Forex markets are the largest financial market in the world, facilitating over $6 trillion in daily volume.

Despite this, there isn’t a decentralised money market to support the adoption of DeFi and currencies beyond the U.S Dollar.

Introducing @vertex_protocol

A 🧵 1/ @vertex_protocol will bring FX markets to @terra_money, unleashing the power of DeFi for users everywhere.

But what does this mean/solve?

Let’s dive in!