🔥Buyback & Burn Program

Learn more about the ongoing VRTX Buyback & Burn program.

Overview

The Buyback & Burn program is designed to use a portion of retained protocol revenue from the Vertex protocol (e.g., trading fees) to purchase VRTX on a forward-looking basis then subsequently burning the tokens.

• https://x.com/vertex_protocol/status/1791162835290234928

Acquired VRTX with protocol revenue will be sent in full to the burn address below.

• https://arbiscan.io/address/0x000000000000000000000000000000000000dead

Periodic updates regarding the Buyback & Burn program will be provided to the community. You can find a data visualization of the current burn program status in Flipside's dashboard below.

Vertex - Buyback & Burn Program

Flipside Crypto -- VRTX Buyback & Burn Data Visual Chart

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List of Buyback & Burn Transaction Hashes

Cumulative Total Burned (06/25/204) = 3 Million VRTX

06/05/2024: 2 Million VRTX Burned

• Transaction Hash = https://arbiscan.io/tx/0xf329b77939562190d090b2faa762ac05f5dbe5568e1c60e4f2c4c72dd1d148ed
• Burn Address = https://arbiscan.io/address/0x000000000000000000000000000000000000dead
• Announcement = https://x.com/vertex_protocol/status/1798396157997248916

06/25/2024: 1 Million VRTX Burned

• Transaction Hash = https://arbiscan.io/tx/0x595d5ab22bb9f6b2556c6b5ea110cd8bea84a72c046d2fddea40deb4f7b1df09
• Burn Address = https://arbiscan.io/address/0x000000000000000000000000000000000000dead
• Announcement = https://x.com/vertex_protocol/status/1805617746614665253

Note: The shift to the Buyback & Burn program is a change to the original Buyback & Stake program originally announced on April 30th, 2024. You can find the original program announcement and associated wallets below:

• https://twitter.com/vertex_protocol/status/1785342471763030415

Disclosures: VRTX Token Supply Distribution Section