Directory/Vertex Protocol
Vertex Protocol

Vertex Protocol

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Unlimited Technologies PTE

Vertex is an order book DEX offering spot, perpetuals, and money markets with unified cross-margin. Enjoy blazing-fast speeds, deep liquidity, low fees, cross-chain deposits, and multiple collaterals.

Originally launched on Arbitrum in April 2023, Vertex has rapidly gained traction amongst an increasingly competitive DEX landscape. To date, Vertex has facilitated over $115 billion in trading volume across spot and perpetual markets.

Vertex is a hybrid DEX featuring a Central Limit Order Book (CLOB) fused with an Automated Market Maker (AMM), offering blazing-fast trading speeds and a vertically integrated product suite with unified cross-margin spanning:

  1. Spot Trading
  2. Perpetual Markets
  3. Money Markets

The Vertex sequencer powers seamless trade execution, delivering low-latency performance of 5-15 milliseconds which rivals most centralized exchanges – all while preserving self-custody and on-chain settlement.

Powered by the synchronous order book liquidity of Vertex Edge, the Vertex smart contracts are currently deployed on 5 different chains where they aggregate and share liquidity between chains on a single order book layer. 

The unified order book layer, Edge, is capable of matching inbound orders from one chain with the combined order book liquidity profile of all 5 of the chains plugged into Vertex Edge. including: 

  • Arbitrum 
  • Base 
  • Sei 
  • Blast
  • Mantle 

The result is a positive-sum, mutually beneficial effect on the liquidity of each chain supported by Vertex Edge. Edge is essentially an upgraded version of the Vertex sequencer: a powerful matching engine coupled with on-chain settlement. Edge simply moves settlement from one chain to many chains.

One order book. Many chains. The Vertex way.

Use Cases

Perpetuals Trading

Perpetuals are the most popular product in crypto, trading billions of dollars in volume every day across both centralized and decentralized exchanges. Vertex offers 50+ perpetual markets with unified cross-margin across spot, perpetuals, and embedded money markets - all while preserving self-custody. Vertex's unified cross-margin design is vertically integrated across spot markets, perpetuals, and embedded money markets, empowering users to control their assets while trading perpetuals.

Spot Trading

Spot markets are available on exchanges where digital assets (like Bitcoin, Ethereum, etc.) are bought and sold for immediate delivery. Transactions are settled "on the spot" at the current market price. Vertex is an order book decentralized exchange (DEX), meaning users can trade between a variety of spot assets with low fees deployed on-chain with self-custody. Vertex's spot markets are available as collateral via the money markets - powering borrowing / lending on the platform.

Money Markets

DeFi money markets are useful because they enable permissionless, decentralized lending and borrowing of assets without intermediaries like banks. On Vertex, the embedded money markets enable users to: - Earn Interest on digital dollar deposits. - Borrow digital dollars against collaterals like wBTC and wETH. - Activate spot margin trading and leveraged looping strategies. With unified cross-margin, borrowing / lending on Vertex is cheap and capital efficient.

LP Vaults

Yield vaults in DeFi enable passive liquidity provision and automated yield optimization across a variety of products and vault designs. LP vaults are easily accessible, and can be utilized for numerous strategies ranging from hedging to leveraged yield farming. Vertex offers LP vaults with partners Elixir and Skate, which allow users to provide liquidity to vaults in return for boosted yields derived from advanced market making strategies such as funding rate arbitrage and token incentives.

Unified Cross-Margin

Vertex deploys a unified cross-margin engine across all 3 of its core products, including spot, perpetuals, and money markets. The Vertex margin design maximizes capital efficiency, where a user's open positions across spot, perpetuals, and the money market (e.g., spot borrowing) all contribute to their account’s portfolio margin. On Vertex, your portfolio is your margin.

Cross-Chain Deposits

Vertex is integrated with Axelar to bring seamless cross-chain deposits from 10+ chains directly into Vertex. Cross-chain deposits simplify the burdensome process of bridging and managing assets on multiple chains. With cross-chain deposits, users can bridge and deposit assets from over 10 chains directly into Vertex without ever leaving the app and all within a few minutes.

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