Vertex πŸ”οΈ Announcements
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Announcement channel for Vertex news and updates.

Twitter: twitter.com/vertex_protocol
Start Trading: app.vertexprotocol.com
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πŸ”΅ Based Traders: Part Three

Another opportunity to earn some extra $VRTX (share of 100K), just by trading on Vertex on base over the next week!

Learn more below πŸ‘‡

https://x.com/vertex_protocol/status/1851595190420767204
New Perp Listings

We are excited to announce new perp listings on Vertex!

DEGEN-PERP
GOAT-PERP
BRETT-PERP
SCR-PERP

We are also running a rewards pool of 1M DEGEN for the next 2 weeks - Trade the DEGEN perp on Vertex (Base) to earn DEGEN!

https://x.com/vertex_protocol/status/1852048183985344743?s=46&t=XLRGTQUZk5zhEGP4lVogjA

https://x.com/vertex_protocol/status/1852017998019858698?s=46&t=XLRGTQUZk5zhEGP4lVogjA
πŸ‡ΊπŸ‡Έ US Election Outcome Market Redemption

The election outcome market has concluded!

Users can now redeem their tokens via the Vertex app, just head to app.vertexprotocol.com/redeem-election.

https://vxtwitter.com/vertex_protocol/status/1854701332160204852
πŸ₯© VRTX Staking V2 is LIVE

You can now migrate you V1 stake to V2, or make a new stake & earn a one-time VRTX bonus!

➑️ https://app.vertexprotocol.com/staking

Learn more below πŸ‘‡

https://x.com/vertex_protocol/status/1856381979324973131
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πŸ’œ Market Maker Update

Liquidity on Vertex is about to get deeper and tighter...

The score used to calculate market making rewards on Vertex is receiving an update, increasing minimum depth and reducing maximum spreads across markets.

Learn more below πŸ‘‡
https://x.com/vertex_protocol/status/1868687549977559404
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πŸ’₯ Vertex is LIVE on Sonic

You can now deposit & trade on Vertex on Sonic!

To change chains, use the chain selector in the top right hand corner of the app.

Traders on Vertex (Sonic) can now start earning "Credits" (Sonic Gems) and soon will be able to earn Sonic Points once Sonic's points program is live!

Learn more below πŸ‘‡

https://vxtwitter.com/vertex_protocol/status/1876314885963084138
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πŸ“’ Notice: FTM -> Sonic (S) Migration

Following the withdrawal of support for FTM by several exchanges ahead of the migration to Sonic (S Token), we will be transitioning FTM-PERP into settlement mode.

Vertex will list and support S-PERP in the future, stay tuned for further updates.

Here’s what you need to know:

Important Dates:

FTM-PERP Trading Deadline: Wednesday, 8th January, 2 PM (UTC)

After this time, FTM-PERP will enter settlement mode.

What Happens Next?

Price Fixing:
The price feed for FTM-PERP will be fixed to the oracle price as of 2 PM on 8th January.

Trade Status:
Trades will be set to reduce-only mode.
Traders can close their positions at a price close to the fixed oracle price.

Funding and PnL Cease:
All funding payments and PnL variations will stop after 2 PM on 8th January.

Post-Settlement Availability:
FTM-PERP will remain accessible via both the front-end interface and API for the following month, allowing traders to close their positions.

Action Required:
Please ensure any open trades on FTM-PERP are managed or closed prior to the trading deadline to minimize disruptions.

Thank you for your understanding as we facilitate a smooth transition during FTM's migration to Sonic.

If you have any questions, please don’t hesitate to reach out to our support team.
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