Vertex πŸ”οΈ Announcements
1.11K subscribers
103 photos
8 videos
309 links
Announcement channel for Vertex news and updates.

Twitter: twitter.com/vertex_protocol
Start Trading: app.vertexprotocol.com
Download Telegram
πŸ“£ Market Delisting Notice: SCR, ZRO, ATOM, STX, DEGEN & BRETT

We will be delisting the following markets: SCR, ZRO, ATOM, STX, DEGEN, and BRETT. Please take note of the key dates and actions required to manage your positions accordingly.

Important Dates:

Trading Deadline:
Thursday, 13th February 2025, 2 PM (UTC)
At this time, these markets will enter reduce-only mode.

Official Delisting Date: Thursday, 20th February 2025, 2 PM (UTC).
At this time, any remaining positions will be force closed.

What Happens Next?

Price Fixing:
The price feed for these PERP markets will be fixed to the oracle price as of 2 PM (UTC) on 13th February.

Trade Status:
Trading will be set to reduce-only mode.
Traders can close their positions at a price close to the fixed oracle price (fixed prices will be shared once reduce-only mode begins).

Funding:
All funding payments will stop after 2 PM on 13th February.

Post-Settlement (reduce only):
Markets will remain accessible via both the front-end app and API until Thursday 20th February, allowing traders to close their positions.

Action Required:
Please ensure that any open positions in these markets are managed & closed before the trading deadline on Thursday 20th February to avoid any disruptions.

If you have any questions, please don’t hesitate to reach out to our support team.
πŸ€”1
πŸ’œ Arthur Hayes’ Maelstrom Fund’s Thesis on Vertex

Great read and thesis on Vertex by Arthur Hayes’ Maelstrom Fund published earlier this morning.

https://fxtwitter.com/MaelstromFund/status/1889706122107338761
Please open Telegram to view this post
VIEW IN TELEGRAM
πŸ”₯3
πŸ₯© Staking Rewards Update

Gm gm - Due to ongoing issues with Safe following the ByBit hack, staking rewards will not be distributed at the usual time this week.

We are awaiting further updates from Safe, and hope that services are restored soon - at which point staking rewards will be distributed to the rewards pool.

Here is Safe's latest update on the matter: https://x.com/safe/status/1893797070236188729

Any questions, feel free to reach out to our via social channels!
πŸ‘1
πŸ’₯ Sonic Szn is here.

Excited to share that Sonic Szn is live on Vertex.

What is Sonic Szn?

Every trade earns $S tokens (each week), Sonic Points & Sonic Gems.

Learn more below.

https://x.com/vertex_protocol/status/1894749688001433910
πŸ”₯2
πŸŽ™οΈ Spaces - Cut The Noise: Trade & Earn

Join us for a spaces this Wednesday!

πŸ“† March 19th, 1PM EST

Set a reminder on the tweet below.
https://x.com/vertex_protocol/status/1902168808623952172
πŸŽ™οΈ Spaces - Cross-Chain Liquidity: Redefining Crypto Trading

Join us for a spaces this Wednesday!

πŸ“† March 26th, 12PM EST

Set a reminder on the tweet below.
https://x.com/vertex_protocol/status/1904380322382487643
πŸ”Ί Vertex is Live on Avalanche!

Excited to announce that Vertex is now live on Avalanche.

We're kicking things off with Season 1 of $AVAX rewards - you know the drill.

Trade moar. Earn moar.

Learn more below.
https://x.com/vertex_protocol/status/1905289869636886554
πŸ”₯3
✨ Trading Rewards Update

Update on ecosystem trading rewards for the next week.

πŸ”΄ SEI Season 8 Extension

Start Date: 28 May
End Date: 4 June

➑️ Total SEI Rewards Available = 250,000 SEI

Eligibility & Mechanism:
β€’ Maker-only
β€’ Rewards are capped at 1 basis point (bps) of maker rebate.

πŸ”Ί AVAX Season 2 Extension

Start Date: 28 May
End Date: 4 June

➑️ Total AVAX Rewards Available: 5,000 AVAX

Eligibility & Mechanism:
β€’ Rewards are capped at 100% of fees paid
β€’ Taker-only
πŸ‘1🀑1
πŸ“₯ Deposit with your preferred token, CEX, or card.

gm all, excited to share that the new deposit flow is live, making it easier to onboard funds to Vertex!

Check out the tweet below for more details, and refer to the docs for a detailed tutorial.

https://x.com/vertex_protocol/status/1929889215535558975
πŸ‘1🀑1