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’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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πŸŽ™οΈ Spaces - 2025: Everything DeFi

Join us for a spaces this Wednesday!

πŸ“† January 29th, 12PM EST

Set a reminder on the tweet below.
https://x.com/vertex_protocol/status/1884394255222989143
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.
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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
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