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Vertex Protocol
$0.04466
0.46%
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Vertex Protocol Information
Vertex Protocol Supported Platforms
| VRTX | ERC20 | ARB | 0x95146881b86b3ee99e63705ec87afe29fcc044d9 | 2023-11-08 |
About Vertex Protocol
Vertex Protocol (VRTX) is a token that represents the native token of the Vertex network, which is a hybrid orderbook-AMM DEX that offers spot, perpetuals, and an integrated money market on the Arbitrum layer 2 scaling solution. VRTX was created by the Vertex team, who have worked on various projects in the fields of distributed systems, cryptography, and market-making. VRTX is used for governance, staking, transferring value, and accessing cross-chain services on the Vertex network.
Vertex Protocol (VRTX) is a cryptocurrency and an ERC-20 token on the Ethereum and Arbirum blockchains that represents the native token of the Vertex network. Vertex is a hybrid orderbook-AMM decentralized exchange (DEX) that offers spot, perpetuals, and an integrated money market on the Arbitrum layer 2 scaling solution. Vertex aims to provide a fast, secure, and capital-efficient trading experience for users, with low fees, high performance, and cross-margin features.
Vertex Protocol (VRTX) was created by the Vertex team, led by Darius Tabatabai and Alwin Peng, who met in 2022 and bonded over their shared interests in problem-solving and building new things.
$VRTX is used for several purposes, such as:
Participating in the Vertex network governance, where $VRTX holders can vote on proposals and parameters that affect the network. Staking on the Vertex network, where $VRTX holders can delegate their tokens to validators who secure the network and earn rewards. Transferring value across different blockchains, where $VRTX can be converted to other tokens and vice versa through the Vertex Gateways. Accessing cross-chain services and applications, where $VRTX can be used as a payment or utility token for various DApps that leverage the Vertex network.