Synchronous orderbook technology Edge (
@poweredbyvertex
)has gone from an idea to realisation in two months.
@AlwinPeng
is capable of things many are not.
Out team showed beast level efforts to make this happen.
But what is Edge and why is it important?
🧵1/n
1/ Introducing Edge - Powered by Vertex ✨
Edge, is a game-changing Synchronous Orderbook Liquidity layer that unifies cross-chain liquidity in DeFi.
It’s time to unlock a multi-chain future where liquidity among chains is no longer fragmented...
🧵⤵️
Open Interest - What it is. What it isn't. Why should you care?
Had a few questions on this or related to it over the last few weeks/months but taken me some time to put my thoughts together.
Be warned this is long af...🤓
🧵 time
Exciting day today… just under seven months ago we launched
@vertex_protocol
on
@arbitrum
mainnet
Today:
- consistently top 3 in our sector
- active community of users
- TOKEN LAUNCHES on 5 major venues +Vertex itself (1300 UTC)
Just the beginning. LFG. 🚀
1/ Vertex is not just another perp DEX.
@vertex_protocol
is built different. But what makes it special?
Cross-margined & cross-collateralized – all your trades and all your monies in one place working at the same time?
Yes, please. Time for a pre-launch 🧵
Depositors on
@vertex_protocol
earn 3%+ routinely. Over the last week rates got as high as 25-35% (Merry Christmas🎄)
What's going on?
Is it sustainable?
Why we didn't build 'just another perp dex'
🧵 1/n
2 years ago I met
@AlwinPeng
and we decided to work together.
Since then:
- UST depeg
- Blockchain collapse
- FTX collapse
- USDC depeg
In 11 minutes the LBA starts to put the fate of VRTX in the hands of community members.
Exciting times
@vertex_protocol
Been a busy week w/
@alwinpeng
planning the future of france aka Vertex v2 (stay tuned)...
In the meantime WTF is happening with
@vertex_protocol
?
Let's talk:
- $VRTX token launch
- Tokenomics
- Trading volumes
🧵 1/n
V1 complete ✅
V2 planned ✅
$VRTX launched ✅
Staking initiated ✅
Shall we do some more
@vertex_protocol
listings? Come at me with your best choices… (no 500k mc shitcoins please and thank you)
1/ A month since the
@vertex_protocol
launch:
🔹 Trade to earn programme firing
🔹 Liquidity pumping
🔹 Trading high
Yet we still get this question from users:
Why orderbook? Just use a Gains, GMX, Synthetix style pool
So, why not? Are pool DEXs superior?
Let’s explore 🧵
BTC-Perp Funding rate on
@vertex_protocol
remains weirdly high... 44%? Given the collapse in funding rates on other venues there is a decent opportunity here.
How best to trade such a situation?
Another 🧵
📣 New Listings on Vertex!
You can now long or short the following perp markets:
- $BLUR-PERP
- $SEI-PERP
- $NEAR-PERP
- $STX-PERP
📆 Trading: Live
⚡️ Leverage: 10x
We are thrilled to announce the
@STFX_IO
x
@vertex_protocol
integration!
🔥 All the Fees are now -75% (!) Lower
✅ Over 30 Assets
📈 Deeper Liquidity + Better Performance
The biggest integration in the history of STFX is now Live!
🧵⤵️
A lot of chat yesterday about
@vertex_protocol
LBA (ongoing… 😬)
In the meantime we are casually doing volumes… someone needs to close that gap on dydx. Who’s it going to be?
*rolls up sleeves*
1/ Never lose an edge. Cross-chain deposits meet Vertex 🚀
Powered by
@squidrouter
&
@axelarnetwork
, you can now bridge & deposit seamlessly from 8 different chains without ever leaving Vertex.
Just a few clicks, and you’re ready to trade.
27.8% APR for USDC on
@vertex_protocol
.
How? Just deposit.
I know how much you all like the cycle of:
- ‘easy’ 12 step processes
- random stablecoin collateral
- misunderstood risks
We will make the next yield opportunity more complex for you…
Double digit APR just for having assets on
@vertex_protocol
.
The risk engine is still poorly understood by others but so long as perp funding remains elevated - USDC depositors should continue to benefit.
You’re welcome. 😜
Why and where the money is? Previous threads below:
Hayes 🤝 $VRTX
One of Arthur Hayes wallets bought $VRTX and staked them.
@vertex_protocol
currently has $313M in trading volume and 469 unique traders.
Hayes seems to like perp Dexes. He already holds a larger position of $GMX and $DYDX.
Index perps on
@vertex_protocol
and
@tradeonblitz
...
If you aren't sure if index perps are for you... read the thread. If you can't read...you should probably be using indices to make trading easier...
GMCI 30 and GMCI MEME index perps are now live for trading on
@vertex_protocol
&
@tradeonblitz
🚀
Get easy exposure to the crypto market through top market caps or spice things up by trading the most popular meme coins.
More about new tradable products built on GMCI indices ↓
Having a break from
@vertex_protocol
with the fam but Bitcoin and crypto are everywhere…
Struck by how many physical places you can buy and interact with crypto in turkey side by side with gold… shows how far we’ve come and what it means for emerging markets.
Big day for
@vertex_protocol
team as we did $18m 24hr volume on ARB-Perps...
That makes the number 5 venue across all CEX and DEX an
@arbitrum
native platform...
More listings incoming...
Boring PnL, Nice feature...Proud of what we are building
@vertex_protocol
Need to see some more spicy numbers on my feed...where all the tradoooors at?
9 hours left on the
@vertex_protocol
LBA. 👀
USDC ticking up to $5.73m.
VRTX steady at 1.21% of supply.
10m VRTX of incentives, so plenty of reason for more to jump in on both sides. (hence high APR)
1300 UTC contributions end!
(1301 UTC I sleep for a week)
Had a fair few new followers the last week. Read old threads and find out why
@vertex_protocol
is built the way it is.
Alternatively head to
@AlwinPeng
for more hot lines like ‘the speed of light is too slow’ 😂
going long a lot of $ARB on perp account. it's showing relative strength to all other coins and reclaimed 4h trend. target circle first and then $1.27 area.
my best strategy in the morning is to look for 2-3 coins showing strength on 4h-12h timeframes. I've been waiting for ARB.
ARB rewards on
@vertex_protocol
Since we wrote our STIP application the value of ARB is up >40%.
>200k ARB every week in rebates for traders.
Price higher = more value for users
Not trading on Vertex yet? NGMI.
Staking update…
This week
@vertex_protocol
will release another 10m VRTX as incentives.
Over 50% of the original incentive pool is already staked.
How much more will come in the next week?
Can’t wait to find out. 👀🥩
ARB incentives now live on
@vertex_protocol
. (Dashboard live later today)
So what?
212.5k ARB per week available
TLDR: < 225m USD daily volume fees = 75% rebates in ARB. (Details in 🧵)
+ VRTX REWARDS
Good times for
@vertex_protocol
and
@arbitrum
communities. 🔥
1/n
And we are done with contributions!
Now into the withdrawal phase… will be fun to see pricing settle into Monday. Then what next for
@vertex_protocol
?👀
Great to partner with
@chainlink
on this solution to add even more robust support to
@vertex_protocol
and
@EdgeLayer
Working with the safest and greatest teams in the space - onwards!
Thrilled to announce that we have integrated
@chainlink
’s low-latency data streams on mainnet!
Data Streams will provide high-fidelity, sub-second market data across the DEX, securing robust performance with Chainlink’s battle-tested infra.
Learn more 👇
Delighted to work with
@SirBootsOfIron
to bring
@vertex_protocol
onto Camelot.
Looking forward to seeing the cross-pollination between the two communities!
We’re honoured to welcome
@vertex_protocol
to the Round Table ⚔️
Vertex is a cross-margined DEX protocol offering perps, spot, and an integrated money market.
Camelot now offers the deepest AMM liquidity for $VRTX, with incentives starting soon 👇🧵/1
Recently
@Arbitrum
brought together a team of builders and DAO members to discuss a framework for incentives.
I represented
@vertex_protocol
. It was my first active participation in DAO governance of any sort. Here’s what I learned and where we got to…
🧵 1/n
Next 12 months? Edge EVERYWHERE.
Others talk about liquidity networks. We make this sh*t happen. IYKYK
Marketing is for shills. Actions speak louder than words. News soon… 👀
4m+ TVL.
Volumes $20-80m per day
Trade-to-earn programme bustling.
@vertex_protocol
continues to gather users...standby this week for more news. Going to be yuge.
Sat in coffee shop working on
@vertex_protocol
- two normies talking about an NFT ‘investment opportunity’.
“They said something about Nike being in NFTs. Could be yuge.”
ARE WE BACK?!
Another example of the flexibility of the
@vertex_protocol
ecosystem.
Cross margin
Deep liquidity
Multiple markets
All made this a great home for pear to build…
Love
@hufhaus9
and the
@pear_protocol
team… next is multichain as we show liquidity everywhere via Edge! 🚀🍐
1/ Introducing
@pear_protocol
, the home of pair trading, to the Vertex ecosystem!
Pear traders can now leverage Vertex’s:
⚔️ Cross-margining
📑 Wide range of markets
⚡️ Lightning fast order execution
What is pair trading, anon? 👇
1/ Vertex now supports Stop Market Orders!
Order types & risk management have been a focus area of development - we are pleased to start rolling these features out over the coming weeks.
What are Stop Orders & how do they work? 👇
1/ $VRTX Staking Rewards: Week 3 Claim Live!
A total of $382,718 $USDC.e have been distributed to VRTX stakers.
➡️
Read on for a breakdown of rewards...
🧵 ⤵️
Incredibly proud to see the growth of
@vertex_protocol
over the last two months… but always good to put things into perspective!
@JamesCliffyz
sent us this graphic… showing Vertex climb to $1bn total volume quicker than almost any other dex he looks at.
1/n
Edge solves this.
Users want to:
- have assets in wallet
- connect to defi
- trade shit wherever/whenever
Only Edge does this the way users want.
@poweredbyvertex
- shit twitter handle, great product. (We are traders and nerds… I make no apologies)
Every time I use crypto wallets or bridge to other chains I wanna stab myself in the neck with a rusty fork
Pretty shit UX for future of finance don’t y’all think
1/ $VRTX Staking Rewards: Week 2 Claim Live!
A total of $246,585 $USDC.e have been distributed to VRTX stakers.
➡️
Read on for a breakdown of rewards...
🧵 ⤵️
We are excited to announce an investment in
@vertex_protocol
Shout out
@TraderNoah
who led sourcing and diligence, and built the most beautiful underwriting notebook you have ever seen.
A lot of new followers. Welcome friends. Assuming most are interested in
@vertex_protocol
TLDR:
1. You are early🚀
2. Check out fees and token programme💰
3. Start trading 💻
4. Get ready… things are going to get spicy. 🌶️
This is a big number on day one. Hardcore
@vertex_protocol
fans staking their tokens EARLY.
Excited to see what happens when staking actually begins to gather momentum!
Always flattering for someone to pick up on
@vertex_protocol
amongst our peer group… but what strikes me is how early we are.
Yesterday perps volumes:
ALL Perp DEXs $5bn
ONLY Binance $80bn
So much work to do. Room for everyone on this list to 10x grow AT LEAST.
Perp DEXes surged over 70% in daily trading volume reaching an ATH in Q4 2023
And amongst this sea of analytics I found 2 gems👇
Trading volume has recently gone parabolic with ATH of daily volume stands at $2.6B
Within the category of Perp trading volume and fees are
Doing some late night scheming... I know folks love some data.... (credit:
@tokenterminal
)
Notes:
1.
@vertex_protocol
rubbing shoulders with Synthetix/Kwenta+GMX - Two OGs in the space
2. The gap to dYdX is big
3. WHO WILL CLOSE THAT GAP?
*rubs eyes, re-checks tokenomics*
The
@arbitrum
dao and ecosystem needs good folks like this to bring order to chaos and help usher in more activity to the network.
I know how I will be voting for this proposal…
IF YOU READ TO THE END - I LOVE YOU.
If you are interested in more of this sort of content please:
1. Give me a follow
2. Follow my charmingly autistic co-founder
@AlwinPeng
3. Tell me what trading concepts you'd like to hear about next...
When
@AlwinPeng
and I first discussed Edge I was impressed with two things:
1. His conviction on the speed with which he could deliver the tech. (2 months for this is ridiculous)
BUT ALSO
2. His clarity of vision on what it might represent for crypto.
Read this thread.
1/ recently,
@vertex_protocol
made some noise with the edge announcement – a futures exchange, spot exchange, and money market that settles on many evm chains
a 🧵 on the thinking that influenced edge’s design, and why i think edge is unique and compelling
@vertex_protocol
Testnet has been on & over 33,000 users have interacted with the everything DEX in the past 10 weeks.
I was opportune to be one of the first 50 testers, so I put a thread to detail a few takeaways from the design & features of Vertex's Dex ⚡🧵
Heading into the last day of contribution phase for
@vertex_protocol
LBA and community is active!
Contributions so far:
1.21% of token supply
5.2m USDC
Expect these numbers to start moving quickly as we get to 1300 UTC on Saturday. Let's see how it shakes out!
Last minute movements abound…
USDC - one large participant exited. Smaller players quickly stepping in to replace. (Feels a healthy diversification dynamic) Net 1.18m out.
VRTX - 200k tokens added.
🫣
9 hours left on the
@vertex_protocol
LBA. 👀
USDC ticking up to $5.73m.
VRTX steady at 1.21% of supply.
10m VRTX of incentives, so plenty of reason for more to jump in on both sides. (hence high APR)
1300 UTC contributions end!
(1301 UTC I sleep for a week)
🚀
@Vertex_protocol
, the leading
#Arbitrum
-based spot & derivatives DEX, has the cheapest fees of all major crypto exchanges.
🌟 FREE Trading for Makers
💰 Only 0.02% - 0.04% for Takers
🤑 Earn $VRTX and $ARB token rewards for trading
⬇️ VISIT:
Impressed by
@vertex_protocol
's growth so far.
$33M in TVL, $12.1B in trading volume & $1.9M in trading fees in the past 30 days. What happens when you disrupt with innovation.
Keeping open tabs on them.
So what's next?
The launch of the $VRTX token was really the culmination of 'Vertex v1'.
-
2024 will be the start of 'Vertex v2'
- More tokens
- More utility
- More fun...
WAGMI🚀🚀🚀
WHAT is Blitz?
Lets go behind the scenes of our
@Blast_L2
Big Bang Competition entry with
@AlwinPeng
to find out.
Don't have time to watch? We'll tell you.
Binance on Blast.
A lot of teams talk, the engineering team
@vertex_protocol
ships.
One-click-trading enabled.
One more step towards building the best dex possible. Standby for more...Going to be a busy couple of weeks.
1/ Wintermute Ventures is pleased to announce a strategic investment in
@vertex_protocol
, a decentralized exchange for spot & derivatives! 🚀
👏 We're excited to partner with
@DariusTabai
& the team alongside their existing investors.