Vertex is a next-generation decentralized exchange (DEX) that seamlessly combines the speed and precision of centralized trading platforms with the security and transparency of on-chain settlement.

Power your trading across spot, perpetuals, and embedded money markets on multiple chains with unified liquidity — all in one place.

Anchored by cutting-edge technology, Vertex is built to redefine decentralized finance (DeFi), delivering a trading experience that is fast, fluid, and feature-rich—tailored for traders of every kind, from casual enthusiasts to seasoned professionals.

Key Features of Vertex

Trade Spot & Perpetual Markets

Effortlessly buy and sell assets across multiple blockchain ecosystems. Vertex supports over 50 spot and perpetual markets, enabling users to trade with leverage, hedge risks, or amplify exposure.

Multiple collateral options and margin trading capabilities enhance flexibility, ensuring a comprehensive trading experience.

Vertex Edge: Speed & Liquidity Redefined

The flagship feature of Vertex, Edge provides synchronized perpetual liquidity across multiple chains, empowering traders to eliminate liquidity fragmentation and access the best trade execution and deepest liquidity with precision.

Users can tap into a synchronous orderbook network that shares perpetuals liquidity currently spanning 8 chains, including:

• Arbitrum

Vertex achieves centralized exchange (CEX)-level performance while preserving the benefits of decentralized on-chain settlement. Trades are processed instantly, minimizing slippage and optimizing execution speed with latency times as low as 5-15 milliseconds. Whether you're a high-frequency trader or a DeFi enthusiast, Vertex Edge delivers unmatched efficiency and control.

Edge simply extends the orderbook layer to multiple chains, moving order matching and settlement from one chain to many – it’s a network of synchronous orderbook exchanges.

Hybrid Orderbook-Based Trading

Orderbooks provide a neutral exchange venue with transparent pricing and deep liquidity, minimizing slippage and enabling precise execution for trades of all sizes.

Unified Cross-Margin

Trade smarter with features like leveraged spot positions, multi-account functionality within one wallet, and utilize all your funds – deposits, positions, and PnL – toward your margin.

Isolated Margin

Vertex also offers isolated margin trading — a highly requested feature that empowers users with a tailored, intuitive way to trade perpetuals alongside our signature cross-margin accounts.

Isolated margin lets you assign a specific amount of margin to an individual perpetual position, isolating it from the rest of your account. Each position stands alone with its own margin, capping losses at the allocated amount.

Isolated margin integrates seamlessly into Vertex’s fluid trading experience – no disruptions, just added control. Manage both cross-margin and isolated margin positions from a single account.

Earn & Borrow

Earn interest natively on deposits, borrow assets against your margin with multiple collateral types, and use assets like wBTC, wETH, and more as collateral for perpetual positions.

Native yield, spot borrowing, and turbo-looping — at your fingertips.

Pools & Vaults

Trade & Earn

Trade. Earn. Repeat.

Super Low Fees

• Taker Fee: Just 0.02%.

• Maker Fee: Zero.

Stake VRTX to unlock even lower fees through the platform’s rebate tiers, making Vertex one of the most cost-effective DEXs available.

Intuitive Design & UX

Vertex pairs advanced functionality with a user-centric interface.

Navigate seamlessly across features designed for both power users and beginners.

Stake VRTX & Earn Rewards

Take advantage of Vertex's robust staking program to maximize your opportunities.

Unlock maker rebate tiers, allowing you to reduce trading costs significantly. The more you stake, the higher your rebate.

Self-Custody

At Vertex, your keys mean your coins. Trade with confidence knowing that you retain full control over your assets, eliminating the risks associated with centralized exchanges.

It’s time to take back control.

A Vision for the Future

Vertex redefines what's possible in DeFi with Vertex Edge driving unparalleled performance and multi-chain liquidity.

Whether you’re an individual trader or an institutional participant, Vertex provides the tools and infrastructure to thrive in an emergent financial landscape.

No more sacrificing control for performance and features. Self-custody like a DEX, trade like a CEX.

Spice up your trading, anon.

Welcome to Vertex.

Edge unleashes the full potential of Vertex’s performant trading engine, unlocking a multi-chain future where liquidity among chains is no longer fragmented. Instead, liquidity from supported Edge chains is fused together, aggregated at the Vertex sequencer level and settled locally on-chain to the origin base layer of a cross-chain Vertex instance.

Edge amplifies the sequencer’s scope of capabilities, extending them cross-chain to any supported base layer ecosystem.

Conceptually, Edge functions like a virtual market maker between exchange venues on different chains.

The state of the sequencer is split (e.g., sharded) between supported chains concurrently, intaking and cloning inbound orders from each chain. Independent orders from one chain are then matched against liquidity from multiple chains.

Both sides of the trade are filled out, and the sequencer (Edge) takes the opposite side of the inbound trades — automatically hedging and rebalancing liquidity on the back-end between chains.

Order matching between chains occurs concurrently, with the state of the sequencer’s consolidated liquidity profile across all of the supported base layers sharded and propagated to each cross-chain Vertex instance.

As a result, Edge is capable of matching inbound orders from one chain with the combined orderbook liquidity of all of the base layers plugged into the Vertex sequencer.

Edge forges the path for the sequencer to run on multiple (non-Arbitrum) chains simultaneously without fragmenting liquidity between the chains.

You can think of each inbound order from a Vertex instance as a request to modify a balance on-chain. As a result, settlements are just rendered on the specific chains (e.g., Vertex on Arbitrum) where the corresponding balances need to be altered.

Synchronization of liquidity across multiple chains removes the barriers that cause bottlenecks and fragmented liquidity pools. By weaving together the liquidity profile from multiple chains, Edge provides a means to trade against unified cross-chain liquidity on a single DEX interface without requiring a user to move from Chain A to Chain B.

Traditional cross-chain solutions often divide and dilute liquidity across platforms.

Vertex Edge represents a significant departure from this legacy, unifying liquidity across chains, rather than splintering it into isolated hubs.

As Vertex instances proliferate across ecosystems and usage grows, a mutually beneficial scaling of liquidity manifests. For example, usage of a new Vertex instance on a non-Arbitrum chain invokes positive order flow and improves liquidity effects for Vertex on Arbitrum.

Orderbook liquidity on the non-Arbitrum instance, such as Blitz, is injected into a synchronous orderbook, fusing the liquidity together from both Vertex on Arbitrum and Blitz on Blast.

The aggregated liquidity via Edge is accessible by any user of a cross-chain Vertex instance (e.g., Blitz), displayed as a single, synchronous orderbook on the Blitz app’s interface.

For example:

• Assume there are two Vertex instances (Arbitrum & Blast).

• Alice submits a market order (taker) on Blitz, to long the ETH-PERP at price X.

• The sequencer (Edge) matches the order against the best liquidity after examining the orders aggregated across the two Vertex instances on Arbitrum and Blast.

• The best offer is from John who is trading on Arbitrum.

• John is now short on Arbitrum.

• Alice is long on Blast.

• In the middle, the sequencer (Edge) takes equal opposing positions on each chain. Edge is now short on Blast and long on Arbitrum.

• Edge injects Alice’s matched order into the sequencer queue of batched orders to render and settle on-chain to Blast — simultaneously sending John’s order to be settled on Arbitrum.

• Over time, Edge will continually build long and short positions on local chains.

• Periodically, liquidity between chains will be aggregated and settlement will be made on the back-end.

The sequence of steps in the example above execute with the characteristic low-latency performance of Vertex. As such, scaling to multiple chains produces a negligible impact on Edge’s performance, which remains capable of matching inbound orders within 5–15 milliseconds — then settling matched orders in batches on-chain.

In summary, Edge is 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.

The outcome is that liquidity fragmentation across chains is supplanted by additive, positive sum orderbook liquidity on a single layer spanning multiple chains.

It’s a superhighway of liquidity between base layer networks. Connect the chains, unify the liquidity — welcome to Vertex Edge.

Mapping out Vertex Edge

Vertex Edge is the primary cross-chain product, laying the foundation for an alliance of ecosystems injecting their liquidity into a shared, synchronous orderbook liquidity layer across chains.

The expansion of the networks plugged into Vertex Edge will continue across EVM-compatible chains. The 3 currently supported Vertex Edge instances include:

What is a Vertex Edge instance?

06/11/2024:Vertex on Mantle was recently launched, marking the 3rd chain supported by Vertex Edge.

A Vertex Edge instance on any base layer contains the following primary properties:

• The liquidity from the chain supported by Edge (e.g., Blitz on Blast) is aggregated and unified at the sequencer level with all of the other Vertex Edge instances (Arbitrum, Blast, Mantle) in a synchronous orderbook liquidity layer.

• The app interface utilizes the same UI kit and back-end as the Vertex app on Arbitrum, but modifies design features and other user-facing elements between Vertex Edge instances on different chains.

• The shared liquidity is accessible by any base layer (Arbitrum, Blast, Mantle) connected to Edge.

• Each Vertex instance will display the combined orderbook liquidity of all the connected chains on the app’s trading interface (e.g., the orderbook). For example, Blitz will display the resting liquidity on the orderbook from both Arbitrum and Blitz.

In summary, increased usage of Blitz is value-additive to Vertex on Arbitrum — unified liquidity is synergistic -- not subtractive. This is a different paradigm for blockchain trading.

Blitz will also launch with all of Vertex’s characteristic features available out of the box, including:

• Spot, perpetuals, and an integrated money market.

• Unified cross-margin across all products.

• Order-matching latency of 5–15 milliseconds.

• 50+ spot and perpetual pairs.

• Embedded AMM.

• Zero trading fees for makers across all markets.

• 2 bps trading fees for takers across all markets.

• Scalable liquidity to multiples of TVL.

• HFT-friendly API & SDK (Typescript, Python, and Rust).

Most importantly, Blitz arrives with synchronous access to unified cross-chain orderbook liquidity.

The Edge Triangle — Distinct Product Features

Vertex Edge’s ability to broaden the scope of the sequencer is unique, applying a uniform standard for multi-chain liquidity sharing across a single, synchronous orderbook.

The design produces several meaningful advantages to both users and the underlying base layer networks supported by Edge. We’ll leave those examples for a bit further below.

However, it’s important to first examine the unique features that Edge unlocks through the prism of how it impacts Blitz’s core products tied together with unified cross-margin, including:

1. Spot Markets

2. Perpetual Markets

3. Money Markets

Spot Trading — Cross-Chain Native Assets: Vertex Edge invokes the ability for a user to trade native spot assets between chains without the direct requirement to access the underlying base layer of a given native asset they want to trade.

• For example, if Alice is using Blitz on the Blast network looking to sell XYZ coin for USDC on Arbitrum, her order is matched with the resting bid liquidity on both Blast and Vertex on Arbitrum wanting to purchase XYZ coin with USDC.

• Vertex Edge serves as a conduit that closes the gap between these two goals, facilitating a transaction that feels blazing-fast and cohesive, despite happening across two separate blockchain networks.

• This synchronized orderbook is a substantial advantage because it aggregates liquidity, meaning a seller on one chain has access to buyers across multiple chains, and vice versa, optimizing the market depth and potentially reducing slippage.

Perpetuals — Interchain Funding Rates & Basis Trading: Market efficiency is optimized as cross-chain liquidity for perpetuals brings the most capital-efficient trading opportunities to traders and risk-takers across ecosystems.

• As additional native spot markets and perpetual markets are added with Vertex Edge spanning across multiple ecosystems, more opportunities for basis trading will become available.

• Vertex Edge will have unified funding rates, which streamlines trading to be a much more efficient experience than the current alternative, whereby the same protocols on different chains have differing funding rates due to liquidity fragmentation.

Money Market — Multi-Chain Collateral & Unified Interest Rates: Storing collateral locally on multiple chains without the need to bridge assets enables Vertex Edge to offer more collateral options, which in turn increases liquidity and trading efficiency.

• By allowing users to store collateral locally on different chains, Edge can reduce many of the prevailing cross-chain friction points for money markets, potentially increasing market participation.

• For example, in DeFi platforms like MakerDAO or Compound, users can deposit various types of collateral to mint stablecoins or take out loans. If these platforms supported multi-chain collateral without the need to move assets across chains, it could streamline the user experience for borrowing / lending between chains with more options and flexibility.

• More collateral types tend to result in more liquidity as users from various chains contribute to the total collateral pool, increasing efficiency by simplifying the process of collateralization and borrowing.

Applied to Vertex Edge, the synchronous orderbook layer retains Vertex’s embedded money markets, tied together with a user’s entire trading portfolio via unified cross-margin.

This is an important distinction for any Edge instance, such as Blitz, from incumbent money markets in DeFi — invoking a situation where the interest rate for a given money market pool remains consistent across Edge instances on different chains.

More specifically, Vertex Edge enables a single USDC deposit interest rate across all Vertex Edge instances, enabling capital to flow freely between ecosystems — promoting the active use of capital where it can be best put to use. This generates cheap loans for the most active traders and ensures that passive capital allocators receive optimized yields.

A consistent interest rate curve is a key catalyst that enables cross-chain spot trading. It makes it easier for traders to access assets in different ecosystems without bridging any stablecoins between chains.

Without this capability, tokens remain siloed within their native ecosystem, which is a suboptimal outcome if the goal is additive, synergistic liquidity effects across multiple chains.

Connect the chains, unify the liquidity — powered by Vertex Edge.

EVM Protocol & App Layer Alignment

At its core, Vertex Edge introduces an innovative synchronous orderbook design. This design packages Vertex’s powerful DEX into a shared liquidity layer spanning multiple blockchains with features such as:

• A Cross-Chain Orderbook that integrates liquidity across different blockchains, enhancing market depth and reducing slippage.

• Unified Money Markets offer more consistent and reliable lending and borrowing opportunities.

• Spot and Derivatives Trading with enhanced efficiency and lower latency.

Primary to Vertex Edge is the emphasis on alignment between EVM chains and the app layer which is embedded in its design.

Since trades from Vertex Edge’s cross-chain trading engine settle on-chain, all on-chain activity remains on the host chain -- such as trade settlement. Each Vertex instance displays the combined orderbook liquidity of all connected chains on the app’s trading interface (e.g., the orderbook), but activity and value accrue to the host chain, rather than an alternative settlement or execution layer -- a problem with many cross-chain solutions.

Matched orders aggregate at the Sequencer level but still settle locally on-chain to the origin chain of the user. A trade can match between a user on Blast and a user on Arbitrum, with settlement occurring on both chains simultaneously.

As Vertex co-founder, Alwin Peng, describes:

“To general purpose chains, [app chains] are small, independent countries that open up predatory trade routes that suck up capital and activity — activity on the app chain doesn’t happen on the main chain.”

This fundamental goals of a general purpose base layer include:

• The growth of native apps instead of outsourcing their economy elsewhere.

• Bootstrapping network effects and building a community with shared values that ossify the bedrock for anything built on top of the protocol layer.

To achieve these aims they tariff foreign apps by only incentivizing native ones, and encourage users to support the local economy.

Considering the on-chain scaling issues facing performant trading engines built on L1 / L2s, many DEXs increasingly choose to utilize the app chain model. App chains are new execution environments tailored specifically to optimize the sovereign app, where interoperability with the base layer (e.g., Arbitrum) allows for the transfer of assets between the app chain and the base layer.

However, this performance comes at a cost.

The need for a distinct execution environment means app chain DEXs are effectively bridging deposits and withdrawals in and out of the underlying base layer. Trading activity is confined to the app chain’s execution layer instead of the protocol layer (e.g., Arbitrum).

As a result, the app chain design nullifies one of the primary advantages of a native L1 / L2 DEX — on-chain settlement of trading activity. Thus, separating the success of the app from the execution layer of the L1/L2.

Vertex Edge renders robust incentive alignment via trading activity on an innovative synchronous orderbook.

The benefits of unified cross-chain liquidity span multiple chains, aiding users while on-chain settlement spurs local blockspace demand to benefit base layers.

In effect, any Vertex Edge deployment creates what amounts to a native DEX for the host base layer, producing a similarly positive impact on blockspace demand and activity as any other dApp deployed to that chain.

Liquidity is synchronized on one orderbook spanning multiple chains, and alignment is created between the protocol and app layer by Vertex Edge.

Advantages of Edge — Base Layer Networks

Examining the advantages Vertex Edge provides to supported base layers requires diving a bit deeper into the topic. Primarily, base layer networks derive 3 distinct benefits from Vertex Edge instances on their chain:

1. Increased Blockspace Demand

2. Better On-Chain Liquidity

3. Reduced Development / Integration Costs

Increasing Blockspace Demand

Vertex Edge produces net increases in blockspace demand for the underlying base layer due to the batched settlement model the Vertex sequencer deploys natively on-chain.

Similar to how Vertex’s hybrid on / off-chain settlement model currently happens on Arbitrum, Edge simply extends the design to encompass independent settlement on multiple chains rather than just a single chain.

• Assume there are two Vertex instances (Arbitrum & Blast).

• Alice submits a market order (taker) on Blitz, to long the ETH-PERP at price X.

• The sequencer (Edge) matches the order against the best liquidity after examining the orders aggregated across the two Vertex instances on Arbitrum and Blast.

• The best offer is from John who is trading on Arbitrum.

• John is now short on Arbitrum and Alice is long on Blast.

• In the middle, the sequencer (Edge) takes equal opposing positions on each chain. Edge is now short on Blast and long on Arbitrum.

• Edge injects Alice’s matched order into the sequencer queue of batched orders to render and settle on-chain to Blast — simultaneously sending John’s order to be settled on Arbitrum.

• Over time, Edge will continually build long and short positions on local chains.

• Periodically, liquidity between chains will be aggregated and settlement will be made on the back-end.

• Alice’s order originates from Blitz (Blast).

• John’s order originates from Vertex (Arbitrum).

• Vertex Edge matches the orders at the Sequencer level.

• Alice’s matched order settles on-chain to Blast.

• John’s matched order settles on-chain to Arbitrum.

As you can see, on-chain settlement occurs on both chains that Edge utilizes to match a given order with its combined liquidity profile. This produces positive-sum effects on the local blockspace demand for any chain supported by Vertex Edge — beyond simply unifying liquidity between the chains.

The beneficial impact of Vertex’s hybrid on / off-chain settlement model on blockspace demand is already displayed lucidly by the Vertex contract’s gas consumption on Arbitrum.

Higher gas spending apps typically provide a net increase to blockspace demand for a given base layer because the apps pay gas fees to settle matched orders from the sequencer (off-chain) as batches of transactions on-chain.

Better On-Chain Liquidity

Layer two ecosystems want the following to congregate on their chain:

1. TVL

2. User Activity

3. Trading Volumes

Achieving all 3 naturally correlates to better on-chain liquidity. But it’s an elusive goal, plagued by some notable problems facing a multi- chain world of DeFi.

While most cross-chain technology seeks to enhance liquidity and user access across disparate blockchain environments, often it inherently disperses TVL and user activity. Ideally, any cross-chain technology integrated with a base layer should pool or increase liquidity synergistically rather than splintering it between different chains.

Additive liquidity between chains helps to alleviate obstacles for users to fluidly move assets between different chains.

Models such as cross-chain deposits via bridging or app chain DEXs do not achieve the above goals efficiently. Instead, they create a burdensome user experience, introducing additional smart contract risks and lowering base layer blockspace demand, diluting the perceived value and utility of individual base layers.

DEXs, which often serve as hubs of liquidity on any layer one or two, should prioritize an additive liquidity model in an increasingly competitive L2 environment where EVM alignment is paramount.

Users of a given base layer receive direct cross-chain liquidity access with Vertex Edge.

Underlying base layer ecosystems retain on-chain capital since capital outflows seeking better DEX liquidity are diminished. Each chain added to the network helps achieve economies of scale. Every chain benefits from the addition of the chains that preceded it, and every existing chain on the network benefits from the activity of the new additional chain.

A healthy, virtuous cycle of growth and liquidity is created.

Reduced Development / Integration Costs

In an increasingly competitive L2 space, every time a new cross-chain solution or native L2 DEX arises, the cost of building both architecture and basic liquidity is prohibitively expensive.

Additionally, integrating cross-chain deposits via bridges, messaging protocols, and other bridge tooling is a resource-intensive task in both engineering and financial capital that is frequently strewn with risk.

Vertex Edge significantly reduces development costs and resources for launching DEXs on an L2.

Not only does it maintain a unique cross-chain liquidity profile via its synchronous orderbook model, Vertex’s powerful orderbook DEX already has a proven product-market fit on Arbitrum with deep liquidity on 30+ markets.

In summary, Vertex Edge aligns the success of EVM chains with the success of users. If Vertex wins, the underlying chain wins.

Vertex Edge is the primary cross-chain product, laying the foundation for an alliance of ecosystems injecting their liquidity into a shared, synchronous orderbook liquidity layer across chains.

The expansion of the Vertex Edge layer to Mantle is the latest instance of Vertex Edge.

Vertex on Mantle -- Powered by Edge

Vertex (Mantle) is a native on-chain deployment of the Vertex smart contracts to the Mantle L2 network.

Vertex (Mantle) utilizes the same architecture as Vertex on the back-end, just accessible via the chain switcher feature on the Vertex app. The primary differences between Vertex (Arbitrum) and Vertex (Mantle) are mostly design modifications.

Under the hood, however, the same blazing-fast performance and hybrid on / off chain model utilized by Vertex on Arbitrum powers Vertex on Mantle.

Vertex on Mantle offers the full product suite of Vertex to Mantle users. Traders on Mantle can now access:

• Blazing Fast Speeds: Trade with low-latency order matching execution, consistently clocking in at 5 - 15 milliseconds -- competitive with most CEXs.

• 50+ Perpetual & Spot Markets: Immediately access over 50 spot and perpetual markets with unified cross-margin and embedded money markets for spot borrowing. Leveraged looping strategies are natively baked into the DEX -- all within one interface.

• Cheap Trading Fees: Capitalize on some of the most competitive DEX trading fees in DeFi.

  • Maker = 0 bps across all markets.

  • Taker = 2 bps across all markets.

• Earn VRTX & MNT by Trading: Trade on Vertex (Mantle) to earn rewards in VRTX and MNT. The 1 million MNT rewards will be made available to Mantle users in the upcoming weeks -- alongside a new trading competition.

• Intuitive & Streamlined App: Tap into a simple, feature-rich, and powerful trading interface. A high-octane orderbook, integrated money markets, and an embedded AMM all woven together by a unified cross-margin risk engine.

• Connect to an HFT-Friendly API & SDK: Plug into a robust API and SDK spanning multiple languages including Typescript, Python, and Rust.

• Self-Custody & On-Chain Settlement: Preserve DeFi's core primitives of self-custody and on-chain settlement without sacrificing performance.

What is a Vertex Edge Instance?

A Vertex Edge instance on any base layer contains the following primary properties:

• The liquidity from the chain supported by Edge (e.g., Vertex on Mantle) is aggregated and unified at the sequencer level with all of the other Vertex Edge instances (Arbitrum, Blast, Mantle) in a synchronous orderbook liquidity layer.

• The app interface utilizes the same UI kit and back-end as the Vertex app on Arbitrum, but modifies design features and other user-facing elements between Vertex Edge instances on different chains.

• The shared liquidity is accessible by any base layer (Arbitrum, Blast, Mantle) connected to Edge.

• Each Vertex instance will display the combined orderbook liquidity of all the connected chains on the app’s trading interface (e.g., the orderbook). For example, Mantle will display the resting liquidity on the orderbook across Arbitrum, Mantle, and Blast (Blitz).

Chain Switcher -- Vertex Mantle

To navigate to Vertex on Mantle, you can do so directly via the URL below or via the "Chain Switcher" feature on Vertex (Arbitrum).

To switch between chains using the new “Chain Switcher” feature, simply:

-> Select [Arbitrum] from the "Chain Switcher" drop-down feature at the top-right of the app.

-> Select [Mantle] from the list of chains in the drop-down menu on the top-right.

-> You’ll be prompted to switch networks in your wallet.

-> That’s it! Happy trading, anon.

The following sections contain an in-depth view of the Vertex Edge basics, including the following sub-sections:

Vertex Basics

VRTX Token

More

Tutorials

Developer Resources

Mantle Contracts -- Mainnet

Mantle Contracts -- Sepolia Testnet

Vertex on Mantle users can currently earn dual trading rewards in MNT and VRTX.

The parameters and distribution mechanism for both MNT and VRTX reward programs are detailed in the sections below.

VRTX Trading Rewards

VRTX Trading Rewards are now available on Vertex (Mantle) as well as Vertex (Arbitrum).

Please note that updated VRTX reward weightings are based on the following overview and calculations below.

VRTX Rewards Distribution Mechanism-- Mantle

Each of the Arbitrum and Mantle instances for Vertex Edge have their own market specs and maker reward weights to support each blockchain’s native economy.

• Total Reward Pool: There is a total amount of VRTX tokens allocated for rewards for each epoch (~28 days), which is then split between the EVM chains supported by Edge.

• Dynamic Reward Allocation: The distribution of rewards is dynamically adjusted based on the activity and performance metrics of each chain.

• Incentivization: This method aims to balance incentives across both chains, encouraging active participation and liquidity provision where it is most needed.

Examples:

• More maker activity on Arbitrum via Edge = More VRTX maker rewards on Arbitrum.

• More taker activity on Mantle via Edge = More VRTX taker rewards on Mantle.

Maker & Taker Reward Calculations -- VRTX

VRTX Maker Rewards

• X VRTX will be given to makers on Arbitrum.

• Total / 2 - X VRTX will be given to makers on Mantle.

Maker Rewards Calculations:

• X / (Total /2 - X) = sum(q_score, across products on Arbitrum) / sum(q_score, across products on Mantle)

VRTX Taker Rewards

• Y VRTX will be given to takers on Arbitrum.

• Total / 2 - Y VRTX will be given to takers on Mantle.

Taker Rewards Calculations:

• Y / (Total / 2 - Y) = Total Taker Fees on Arbitrum / Total Taker Fees on Mantle

The minimum depth and maximum spreads per market are as follows:

Depth:

• $25K for stables.

• $15K for core markets (BTC & ETH & SOL).

• $5K for alt markets (non-BTC, ETH & SOL).

Spreads:

• 10 bps for stables.

• 20 bps for core markets (BTC, ETH & SOL).

• 40 bps for alt markets (non-BTC, ETH & SOL).

Tutorial: Claiming VRTX Trading Rewards

Mantle users of Vertex Edge can immediately begin earning VRTX rewards by trading on the Mantle instance.

However, VRTX trading rewards are only claimable on Vertex (Arbitrum). Mantle users will be able to claim their first VRTX trading rewards the week after the Vertex on Mantle launch.

If you're trading on Vertex (Mantle), to claim your VRTX, simply:

-> Navigate to the [Earn] tab on the top navigation bar of the app.

-> Click on the [Switch to Arbitrum One] button.

-> You'll be prompted to switch networks directly in your wallet.

-> Claim your VRTX directly from the [Earn] page of the Vertex (Arbitrum) app during the next Epoch's claim period.

It's that easy, anon.

• Vertex API Endpoint Host Header = prod

• Mantle API Endpoint Host Header = mantle-prod

Interacting with the Mantle API will otherwise remain the same as the original Vertex API.

You can find a list of the live Vertex (Mantle) API endpoints below:

Mantle -- Mainnet

• Gateway Websocket: wss://gateway.mantle-prod.vertexprotocol.com/v1/ws

• Gateway REST: https://gateway.mantle-prod.vertexprotocol.com/v1

• Gateway V2: https://gateway.mantle-prod.vertexprotocol.com/v2

• Subscriptions: wss://gateway.mantle-prod.vertexprotocol.com/v1/subscribe

• Archive (Indexer): https://archive.mantle-prod.vertexprotocol.com/v1

• Archive (Indexer) V2: https://archive.mantle-prod.vertexprotocol.com/v2

• Trigger:https://trigger.mantle-prod.vertexprotocol.com/v1

Mantle -- Sepolia Testnet

• Gateway Websocket: wss://gateway.mantle-test.vertexprotocol.com/v1/ws

• Gateway REST: https://gateway.mantle-test.vertexprotocol.com/v1

• Gateway V2: https://gateway.mantle-test.vertexprotocol.com/v2

• Subscriptions: wss://gateway.mantle-test.vertexprotocol.com/v1/subscribe

• Archive (Indexer): https://archive.mantle-test.vertexprotocol.com/v1

• Archive (Indexer) V2: https://archive.mantle-test.vertexprotocol.com/v2

• Trigger:https://trigger.mantle-test.vertexprotocol.com/v1

Vertex Edge (Sei) users can currently earn dual trading rewards in both:

1. SEI

2. VRTX

Check out the section below for more details on the parameters and distribution mechanisms for the ongoing rewards program available to Sei users.

SEI Season 1 – Trading Rewards

Introducing SEI Season 1. Trade on Vertex, earn SEI rewards.

Users can immediately begin earning SEI rewards simply by trading on Vertex Edge (Sei).

Season 1 of the SEI trading rewards lasts for 6 weeks, with a total of 5.1 million SEI tokens are available as rewards to users over that period.

• Total SEI Rewards Available = 5.1 million SEI

• SEI Season 1 Start = Wednesday, August 14th 2024

• SEI Season 1 End = Wednesday, September 25th 2024

• SEI Season 1 Duration = 6 weeks

• SEI Rewards Available per Week = 850K SEI

• Eligibility = Taker-only

• 1 Epoch = 1 Week

Earning SEI rewards throughout Season 1 is simple.

Rewards are calculated based on the trading fees paid by participants (takers-only), with a maximum of 75% of the taker fee paid returned as SEI rewards.

For example, if Alice pays $100 in taker fees on Vertex Edge (Sei) in a given 1-week epoch, Alice can earn up to $75 in SEI rewards for that week.

A taker order qualifies as any order that immediately crosses the book and takes liquidity, such as filled market orders.

SEI Season 2 -- Trading Rewards

Introducing SEI Season 2. Trade on Vertex, earn SEI rewards.

Starting on Wednesday, September 25th 2024, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge (Sei). Season 2 is a continuation of Season 1, with another pool of SEI rewards totaling 3 million $SEI tokens up for grabs!

SEI Season 2 details include:

• Total SEI Rewards Available = 3 million SEI

• SEI Season 2 Start = Wednesday, September 25th 2024

• SEI Season 2 End = Wednesday, October 23rd 2024

• SEI Season 2 Duration = 4 weeks

• SEI Rewards Available per Week = 750k SEI

• Eligibility = Taker-only

• 1 Epoch = 1 Week

Earning SEI rewards throughout Season 2 is simple.

Rewards are calculated based on the trading fees paid by participants (takers-only), with a maximum of 75% of the taker fee paid returned as SEI rewards.

For example, if Alice pays $100 in taker fees on Vertex Edge (Sei) in a given 1-week epoch, Alice can earn up to $75 in SEI rewards for that week.

A taker order qualifies as any order that immediately crosses the book and takes liquidity, such as filled market orders.

Trade & Earn on Sei

SEI Season 3 -- Trading Rewards

Introducing SEI Season 3. Trade on Vertex, earn $SEI rewards.

Starting on Wednesday, October 23rd 2024, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge (Sei). Season 3 is a continuation of Season 2, with another pool of SEI rewards totaling 2 million $SEI tokens up for grabs!

SEI Season 3 details include:

• Total SEI Rewards Available = 2 million SEI

• SEI Season 3 Start = Wednesday, October 23rd 2024

• SEI Season 3 End = Wednesday, November 20th 2024

• SEI Season 3 Duration = 4 weeks

• SEI Rewards Available per Week = 500,000 SEI

• Eligibility = Taker-only

• 1 Epoch = 1 Week

Earning SEI rewards throughout Season 3 is simple.

Rewards are calculated based on the trading fees paid by participants (takers-only), with a maximum of 75% of the taker fee paid returned as SEI rewards.

For example, if Alice pays $100 in taker fees on Vertex Edge (Sei) in a given 1-week epoch, Alice can earn up to $75 in SEI rewards for that week.

A taker order qualifies as any order that immediately crosses the book and takes liquidity, such as filled market orders.

Trade & Earn on Sei

SEI Season 4 -- Trading Rewards

Welcome to SEI Season 4! Trade on Vertex, earn $SEI rewards.

Starting on Wednesday, November 20th, 2024, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge (Sei). Season 4 is a continuation of Season 3, with another pool of SEI rewards totaling 2.1 million $SEI tokens up for grabs!

SEI Season 4 details include:

• Total SEI Rewards Available = 2.1 million SEI

• SEI Season 4 Start = Wednesday, November 20th, 2024

• SEI Season 4 End = Wednesday, December 18th, 2024

• SEI Season 4 Duration = 4 weeks

• SEI Rewards Available Per Week = 525,000 SEI

The total amount of $SEI tokens available in Season 4 are split between makers and takers as follows:

Takers

• Total SEI Rewards Available = 1.7 million SEI

• SEI Rewards Available Per Week = 425,000 SEI

• Eligibility = Any taker traders.

• Mechanism = Rewards are capped at 75% of taker fees spent. For example, if you pay $100 in taker fees during a week, you could earn up to $75 in SEI rewards.

Makers

• Total SEI Rewards Available = 400,000 SEI

• SEI Rewards Available per Week = 100,000 SEI

Sei Season 5 — Trading Rewards

Introducing SEI Season 5. Trade on Vertex, earn $SEI rewards.

Starting on Wednesday, December 18th 2024, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge. Season 5 is a continuation of Season 4, with another pool of SEI rewards totaling 2.1 million $SEI tokens up for grabs!

SEI Season 5 details include:

• Total SEI Rewards Available = 2.1 million SEI

• SEI Season 5 Start = Wednesday, December 18th, 2024

• SEI Season 5 End = Wednesday, January 15th, 2025

• SEI Season 5 Duration = 4 weeks

• SEI Rewards Available Per Week = 525,000 SEI

The total amount of $SEI tokens available in Season 5 are split between makers and takers as follows:

Takers

• Total SEI Rewards Available = 1.4 million SEI

• SEI Rewards Available Per Week = 350,000 SEI

• Eligibility = Any taker traders.

• Mechanism = Rewards are capped at 75% of taker fees spent. For example, if you pay $100 in taker fees during a week, you could earn up to $75 in SEI rewards.

Makers

• Total SEI Rewards Available = 700,000 SEI

• SEI Rewards Available per Week = 175,000 SEI

• Eligibility & Mechanism = Top 5 Market Makers by volume will get a share of the 175,000 SEI weekly pool according to share of volume -- up to 1 bps maker rebate.

Sei Season 6 — Trading Rewards

Introducing SEI Season 6. Trade on Vertex, earn $SEI rewards.

Starting on Wednesday, January 15th 2025, Sei users can immediately begin earning SEI rewards simply by trading on Vertex Edge. Season 6 is a continuation of Season 5, with another pool of SEI rewards totaling 2.1 million $SEI tokens up for grabs!

SEI Season 6 details include:

• Total SEI Rewards Available = 2.1 million SEI

• SEI Season 6 Start = Wednesday, January 15th 2025

• SEI Season 6 End = Wednesday, February 12th 2025

• SEI Season 6 Duration = 4 weeks

• SEI Rewards Available Per Week = 525,000 SEI

The total amount of $SEI tokens available in Season 6 are split between makers and takers as follows:

Takers

• Total SEI Rewards Available = 1.4 million SEI

• SEI Rewards Available Per Week = 350,000 SEI

• Eligibility = Any taker traders.

• Mechanism = Rewards are capped at 75% of taker fees spent. For example, if you pay $100 in taker fees during a week, you could earn up to $75 in SEI rewards.

Makers

• Total SEI Rewards Available = 700,000 SEI

• SEI Rewards Available per Week = 175,000 SEI

• Eligibility & Mechanism:

  • Weekly rewards are distributed proportionally to the trading volume of the top 5 MMs.

  • Rewards are capped at 1 basis point (bps) of maker rebate.

SEI Season 7 — Trading Rewards

The SEI Season 7 trading rewards program on Vertex Edge (Sei) has been extended to further incentivize market makers with $SEI rewards. This program runs on a weekly cycle, with rewards distributed exclusively to makers on Vertex on Sei Network.

SEI Season 7 Extension Details:

• Start Date: Wednesday, March 26th 2025

• End Date: Wednesday, April 23rd 2025

• Duration: 4 weeks (extended)

• Total SEI Rewards Available: 700,000 SEI

• Weekly SEI Rewards Pool: 175,000 SEI

Eligibility & Mechanism

• Reward Type: Maker-only

• Reward Cap: Rewards are capped at 1 basis point (bps) of maker rebate.

• Distribution: Rewards are calculated and distributed weekly, aligning with the program's cycle.

How It Works

• Maker-Only Focus: Rewards are reserved for maker orders—those adding liquidity to the Vertex Edge (Sei) orderbook.

• Reward Cap: Earn up to 1 basis point (0.01%) of your maker volume as a rebate, paid in $SEI. For example, $10,000 in maker volume could net you $1 in $SEI rewards, scaled to the weekly pool.

SEI Season 8 — Trading Rewards

Welcome to SEI Season 8! Trade on Vertex Edge (Sei) and earn $SEI rewards.

Starting on Wednesday, April 23rd 2025, Sei users can immediately begin earning $SEI rewards by providing maker liquidity on Vertex Edge (Sei).

Season 8 Details:

• Start Date: April 23rd, 2025

• End Date: May 21st, 2025

• Duration: 4 weeks

• Total SEI Rewards Available: 1,000,000 SEI tokens

• Weekly SEI Rewards Available: 250,000 SEI tokens

Eligibility & Mechanism:

• Maker-Only Rewards: Rewards are exclusively available for maker orders – those adding liquidity to the Vertex Edge (Sei) orderbook.

• Reward Cap: Rewards are capped at 1 basis point (0.01%) of the maker rebate per order. For example, if a trader provides $100,000 in maker volume in a given week, the maximum $SEI reward for that week would be calculated based on the equivalent of a 1 bps rebate on the notional value of the maker volume.

• Distribution: Rewards are calculated weekly based on the total maker volume contributed by eligible participants. The 250,000 SEI tokens per week are distributed proportionally to makers based on their share of the total maker volume during the epoch.

VRTX Trading Rewards

Sei users can also earn VRTX rewards by trading on Vertex Edge (Sei) as both a maker and taker.

Similar to the SEI Season Incentives program, users can earn VRTX by trading on Vertex Edge (Sei) throughout the duration of the VRTX Rewards Program.

VRTX Rewards for Sei users are available to both:

• Takers

• Makers

VRTX Rewards – Takers

The pool of VRTX incentives is split and distributed proportionally to traders based on their taker fees paid. VRTX rewards are then split between 6 chains supported by Vertex Edge, including:

• Arbitrum

• Mantle

• Sei

• Base

• Sonic

• Abstract

• Avalanche

The amount of VRTX allocated to users is determined by a dynamic reward distribution mechanism across all supported Vertex Edge instances. The parameters are as follows:

• Total Reward Pool: There is a total amount of VRTX tokens allocated for rewards for each epoch (~28 days) of the VRTX Trade & Earn program. Rewards are then split between the chains supported by Edge.

• Dynamic Reward Allocation: The distribution of rewards is dynamically adjusted based on the activity and performance metrics of each chain. Examples:

  • More taker activity on Sei = More VRTX taker rewards on Sei.

  • More maker activity on Sei = More VRTX maker rewards on Sei.

• Incentivize Modulation: This method aims to balance incentives across both chains, encouraging active participation and liquidity provision where it is most needed.

To claim your VRTX rewards from SEI, simply navigate to the "Chain Switcher" in the top-right of the Vertex app and switch to Arbitrum.

Your pending VRTX rewards will be available under the "Rewards Page" of the Vertex (Arbitrum) app.

VRTX Rewards – Makers

The Vertex Maker Program is a rebate-based trading fee incentive program for price makers that contribute in excess of 0.25% of maker volume in a given epoch.

Maker Rebates

The Maker Program offers VRTX token incentives allocated to a scoring function that prioritizes:

• Market Support

• Uptime

• Fees

The scoring function is as follows:

The minimum depth and maximum spreads per market are as follows:

Depth:

• $25K for stables.

• $15K for core markets (BTC & ETH & SOL).

• $5K for alt markets (non-BTC, ETH & SOL).

Spreads:

• 10 bps for stables.

• 20 bps for core markets (BTC, ETH & SOL).

• 40 bps for alt markets (non-BTC, ETH & SOL).

Note: To access orderbook addresses for individual products use the contracts query.

Sei Contracts – Mainnet (Pacific-1)

Sei Contracts – Testnet (Atlantic-2)

wMNT Deposits: Vertex on Mantle supports Wrapped MNT (wMNT) deposits -- the ERC-20 version of MNT. The wMNT token supported by Vertex is NOT the Mantle-native MNT. To swap between Wrapped MNT (wMNT) and Mantle-native MNT, simply:

• Navigate to the Axelar Cross-Chain Deposit widget on the app.

• You can swap Mantle-native MNT for wMNT.

• Deposit your wMNT into Vertex on Mantle.

The contagion events of cryptocurrency markets in 2022 presented a visceral illustration of the centralization risks still endemic within the industry. A litany of insolvencies and misaligned incentives between third-party custodians and their customers were a stark reminder of the moral hazard characteristic of TradFi infringing upon the ethos of decentralization and self-custody defining crypto.

Decentralized exchanges (DEXs) give users control and autonomy to mitigate the principal-agent problem of spurious centralized actors like FTX. Opacity and trust in a third party are eliminated as users retain self-custody of their assets on permissionless networks where transparency, decentralization, and veracity are intrinsic elements of the underlying blockchain.

However, DEXs still face many obstacles toward broader adoption.

Even in the wake of recent revelations, centralized exchanges (CEX) still dominate crypto trading volume. Offering users more product features, fiat on/off ramping, lower latency, and better liquidity, CEXs remain the premier venues for trading crypto assets. The scalability, UX, and capital efficiency barriers of incumbent DEXs for the average user only compound the advantages that CEXs maintain.

DeFi-native trading has yet to fulfill its full potential. It is time to change the narrative.

No longer should users be forced into trade-offs between control and performance when evaluating whether to trade on a CEX or DEX. Vertex’s mission is to bring the performance and features of CEXs on-chain while preserving the benefits of self-custody, transparency, and decentralization native to DeFi.

Vertex is a vertically-integrated DEX on Arbitrum bundling spot, perpetuals, and an integrated money market into a unified trading platform. Trade with lightning-fast speed, universal cross-margin, and a customizable, user-friendly trading interface. No more switching between dApps – trade, earn and borrow all in one DEX.

Vertex unleashes the performance and usability of centralized competitors – on-chain and always self-custodial.

Take back control from CEXs. Welcome to Vertex.

Vertex Edge is the primary cross-chain product, laying the foundation for an alliance of ecosystems injecting their liquidity into a shared, synchronous orderbook liquidity layer across chains.

What is a Vertex Edge instance?

A Vertex Edge instance on any base layer contains the following primary properties:

• The liquidity from the chain supported by Edge (e.g., Blitz on Blast) is aggregated and unified at the sequencer level with all of the other Vertex Edge instances (Arbitrum, Blast, Mantle) in a synchronous orderbook liquidity layer.

• The app interface utilizes the same UI kit and back-end as the Vertex app on Arbitrum, but modifies design features and other user-facing elements between Vertex Edge instances on different chains.

• The shared liquidity is accessible by any base layer (Arbitrum, Blast, Mantle) connected to Edge.

• Each Vertex instance will display the combined orderbook liquidity of all the connected chains on the app’s trading interface (e.g., the orderbook). For example, Blitz will display the resting liquidity on the orderbook from both Arbitrum and Blitz.

Blitz is a native on-chain deployment of the Vertex smart contracts to the Blast L2 network.

The Blitz DEX utilizes the same architecture as Vertex on the back-end, and the Blitz app will be a very similar version of the current Vertex app on Arbitrum. The primary differences between Vertex (Arbitrum) and Blitz (Blast) are mostly design modifications.

Under the hood, however, the same blazing-fast performance and hybrid on / off chain model utilized by Vertex on Arbitrum powers Blitz.

What’s the key difference? Edge.

Vertex Edge will officially launch commensurate with the launch of the Blitz app on Blast — meaning the first two chains plugged into Vertex Edge will be the original Vertex app on Arbitrum and Blitz on Blast.

To the user, Blitz will retain the intuitive feel of the Vertex app on Arbitrum outside of bespoke design changes and an independent points system.

But the magic is what’s churning under the hood — synchronous orderbook liquidity.

In summary, increased usage of Blitz is value-additive to Vertex on Arbitrum — unified liquidity is synergistic -- not subtractive. This is a different paradigm for blockchain trading.

Blitz will also launch with all of Vertex’s characteristic features available out of the box, including:

• Spot, perpetuals, and an integrated money market.

• Unified cross-margin across all products.

• Order-matching latency of 5–15 milliseconds.

• 30+ spot and perpetual pairs.

• Embedded AMM.

• Zero trading fees for makers across all markets.

• 2 bps trading fees for takers across all markets.

• Scalable liquidity to multiples of TVL.

• HFT-friendly API & SDK (Typescript, Python, and Rust).

Most importantly, Blitz arrives with synchronous access to unified cross-chain orderbook liquidity.

Sei users can now trade over 50 spot and perpetual markets, benefiting from Vertex’s unmatched speed, deep cross-chain liquidity, low fees, and exciting SEI trading rewards.

What Can You Do with Vertex on Sei, Anon?

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 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, rivaling most centralized exchanges – all while preserving self-custody and on-chain settlement.

Everyone loves speed, but it's not always about the speed, anon.

Sei users can enjoy a variety of distinct features originating from Vertex’s bespoke technical design.

Whether you prefer turbo-looping with leveraged spot borrowing, enjoy the flexibility of managing multiple accounts under one wallet, or like fine-tuning your risk / reward ratio with portfolio margining across multiple open perp positions, the choice is yours.

Key Vertex Features at Your Fingertips

Whatever your flavor of trading might be, Vertex’s suite of powerful trading features is now at Sei users’ disposal.

• Trade 50+ Spot and Perpetual Markets: Tap into deep cross-chain liquidity with a single click via Vertex Edge.

Edging on Sei – Orderbook Harmony

Earlier this year, Vertex expanded into a multi-chain DEX, introducing Vertex Edge – a revolutionary synchronous orderbook liquidity product.

Vertex Edge aggregates liquidity across supported chains, matches orders cross-chain, and settles them natively on-chain. Think of it as a “network of exchanges” connected by a superhighway of liquidity.

With Vertex Edge, every new chain added enhances the overall liquidity pool available for users to trade against. When you trade on Vertex Edge (Sei), you’re tapping into the combined liquidity of:

• Arbitrum

• Blast

• Mantle

• Sei

Example:

• There are 4 Vertex instances (Arbitrum, Blast, Mantle & Sei).

• Alice submits a market order (taker) on Sei to long the ETH-PERP at price X.

• The sequencer (Edge) matches the order against the best liquidity available after examining the orders aggregated across all 4 of the Vertex Edge instances.

• The best offer is from John who is trading on Arbitrum.

• John is now short on Arbitrum.

• Alice is long on Sei.

• In the middle, the sequencer (Edge) takes equal opposing positions on each chain. Edge is now short on Sei and long on Arbitrum.

• Edge injects Alice’s matched order into the sequencer queue of batched orders to render and settle on-chain to Sei — simultaneously sending John’s order to be settled on Arbitrum.

• Over time, Edge continually builds long and short positions on local chains.

• Periodically, liquidity between chains is aggregated and settlement will be made on the back-end.

As a result, Sei traders receive tight spreads and deep liquidity from day one.

So, when you’re trading on Vertex Edge (Sei), you’re actually trading against users on multiple chains along with other Sei traders via a shared orderbook layer with a unified reservoir of liquidity.

Whether or not a taker order originating from Sei matches with a maker on another chain or on the same chain is simply determined by the best available liquidity. Edge takes care of the rest.

Edge’s ability to match new taker flow from Sei with maker liquidity on other Vertex Edge chains eases the challenge of bootstrapping orderbook liquidity in the Sei ecosystem.

Without an established base of liquidity sourced from multiple chains, bootstrapping liquidity on an orderbook DEX would otherwise be a much more challenging task.

That’s right, Seilors! You can start trading your favorite perps on Vertex right out of the gate with tight spreads and deep liquidity – the Vertex way.

Did Someone SEI Trading Rewards?

Vertex Edge on Sei is launching with a bang! For the next six weeks, $1.5 million worth of SEI tokens will be up for grabs as trading rewards, available exclusively for Sei traders.

Today marks the beginning of SEI Season 1!

SEI Season 1 Reward Parameters:

• Duration: August 14th → September 25th, 2024

• Total Rewards: 5.1 million SEI tokens.

• Weekly Rewards: 850K SEI tokens.

• Eligibility: Taker-orders only, with rewards capped at 75% of the taker fee paid

For example, if you pay $100 in taker fees during a week, you could earn up to $75 in SEI rewards.

Regarding taker eligibility, a taker order qualifies as any order that immediately crosses the book and takes liquidity, such as filled market orders.

Limit orders are not mutually exclusive with taker orders either.

For example, a trader might place a limit order that does not immediately match any existing orders, adding liquidity to the market. Later, the same trader might execute a market order or a limit order that matches an existing order, taking liquidity and acting as a taker.

Welcome to the future of trading, Seilors 🫡

• Vertex API Endpoint Host Header = prod

• Sei API Endpoint Host Header = sei-prod

Interacting with the Sei API will otherwise remain the same as the original Vertex API.

You can find a list of the live Vertex Edge (Sei) API endpoints below:

Sei – Mainnet (Pacific-1)

Sei – Testnet (Atlantic-2)

VRTX Trading Rewards

Base users can earn VRTX rewards by trading on Vertex Edge (Base) as both a maker and taker.

VRTX Rewards for Base users are available to both:

• Takers

• Makers

Let's break down how you can earn rewards for both categories.

VRTX Rewards -- Takers

A fixed pool of VRTX rewards is available each epoch to Vertex traders. The pool of VRTX is split and distributed proportionally to traders (e.g., takers) based on their taker fees paid.

The available VRTX rewards are then split between 4 chains supported by Vertex Edge, including:

• Base

The amount of VRTX allocated to users is determined by a dynamic reward distribution mechanism across all 4 Vertex Edge instances. The parameters are as follows:

Total Reward Pool

• 1 Epoch = 28 Days

• Total VRTX Tokens in Pool = 340,000,000

• Total Epochs = 72+

Rewards are then split between all of the EVM chains supported by Vertex Edge.

Dynamic Reward Allocation

The distribution of rewards is dynamically adjusted based on the activity and performance metrics of each chain. Examples:

• More taker activity on Base = More VRTX taker rewards on Base.

• More maker activity on Base = More VRTX maker rewards on Base.

Incentive Modulation

This method aims to balance incentives across both chains, encouraging active participation and liquidity provision where it is most needed.

How to Claim Your VRTX Rewards

Base users with VRTX rewards will need to use the “Chain Switcher” feature on the Vertex app to claim their VRTX on the Arbitrum version of Vertex Edge.

To claim your VRTX rewards from Base, simply navigate to the "Chain Switcher" in the top-right of the Vertex app and switch to Arbitrum.

Your will see your available VRTX rewards to claim under the "Rewards Page" of the Vertex (Arbitrum) app page.

VRTX Rewards -- Makers

The Vertex Maker Program is a rebate-based trading fee incentive program for price makers that contribute in excess of 0.25% of maker volume in a given epoch.

Maker Rebates

The Maker Program offers VRTX token incentives allocated to a scoring function that prioritizes:

• Market Support

• Uptime

• Fees

The scoring function is as follows:

The minimum depth and maximum spreads per market are as follows:

Depth:

• $25K for stables.

• $15K for core markets (BTC & ETH & SOL).

• $5K for alt markets (non-BTC, ETH & SOL).

Spreads:

• 10 bps for stables.

• 20 bps for core markets (BTC, ETH & SOL).

• 40 bps for alt markets (non-BTC, ETH & SOL).

Base Contracts -- Mainnet

Base Contracts -- Testnet (Sepolia)

Base users can now trade over 50 spot and perpetual markets, benefiting from Vertex’s lightning-fast speed, deep cross-chain liquidity, low fees, and much more!

Introducing Vertex Edge on Base

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 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, rivaling most centralized exchanges – all while preserving self-custody and on-chain settlement.

Vertex offers users a powerful set of trading tools and features -- powered by Vertex Edge.

Before we dive into the various features that Vertex offers Base users, it's important to first understand how Vertex's deployment on Base is possible, and different, than other cross-chain deployments of DeFi apps on various chains.

What is Vertex Edge?

Simply put, Vertex Edge functions as a single, unified orderbook layer that shares resting liquidity between each EVM chain supported by Edge -- known as a Vertex Edge instance. Currently, Vertex Edge shares liquidity between 5 different chains, including:

• Base

You can think of Edge as a network of exchanges for DeFi where Edge forges a path for the Vertex sequencer to run on multiple chains simultaneously without fragmenting liquidity between the chains.

More specifically, Edge is capable of matching an order from one chain, such as Base, with another chain -- like Arbitrum. For example:

• Assume there are two Vertex instances (Arbitrum & Base).

• Alice submits a market order (taker) on Base, to long the ETH-PERP at price X.

• The sequencer (Edge) matches the order against the best liquidity after examining the orders aggregated across the two Vertex instances on Arbitrum and Base.

• The best offer is from John who is trading on Arbitrum.

• John is now short on Arbitrum.

• Alice is long on Base.

• In the middle, the sequencer (Edge) takes equal opposing positions on each chain. Edge is now short on Base and long on Arbitrum.

• Edge injects Alice’s matched order into the sequencer queue of batched orders to render and settle onchain to Base — simultaneously sending John’s order to be settled on Arbitrum.

• Over time, Edge will continually build long and short positions on local chains.

• Periodically, liquidity between chains will be aggregated and settlement will be made on the back-end.

Synchronization of liquidity across multiple chains removes the barriers that cause bottlenecks and fragmented liquidity pools characteristic of cross-chain DeFi.

By weaving together the liquidity profile from multiple chains, Edge provides a means for a Base user to trade against cross-chain liquidity on a single DEX interface without requiring a user to move from Chain A to Chain B.

Users simply interact with Vertex on Base, and trade against the combined liquidity profile of all 5 chains connected to Vertex Edge!

The result is a positive-sum, mutually beneficial effect on the liquidity of each chain, such as Base, supported by Vertex Edge. This represents a significant departure from legacy cross-chain designs, unifying liquidity across chains, rather than splintering it into isolated hubs.

To the user, the difference between trading on Vertex (Arbitrum) and Vertex (Base) is mostly the same, with some marginal design differences and native markets to that chain.

All of the Edge magic occurs under the hood, seamlessly churning out cross-chain order matches and onchain settlement natively without the user noticing on the Vertex app.

What Can You Do on Vertex on Base?

Beyond the benefits of unified orderbook liquidity with Vertex Edge, the launch of Vertex on Base arrives with all of Vertex's characteristic features.

Whatever your flavor of trading might be, Vertex’s suite of powerful trading features is now at Base users’ disposal.

Trade 50+ Spot & Perpetual Markets

Tap into deep cross-chain liquidity with a single click via Vertex Edge with 50+ spot and perpetual markets available to Vertex on Base users.

Blazing-Fast Trade Execution

Enjoy near-instant trade execution speeds of 5-15 milliseconds with Vertex's unique technical design.

Unified Cross-Margin

Unified cross-margin accounts across all your trades—on Vertex, your portfolio is your margin.

One-Click Trading

Sign one approval transaction at the start of a session and unleash the full power of Vertex with near-instant trade execution.

Multiple Accounts Under One Wallet

Create and manage up to four accounts under one wallet, each with independent positions and risks.

Earn, Borrow & Lend

Utilize embedded money markets to earn yield on USDC deposits and borrow or lend assets using USDC and wETH as collateral.

Cross-Chain Deposits

Simplify asset management across chains with Axelar’s Squid Router, enabling quick and easy deposits from over eight chains directly into Vertex Edge (Base).

Trade GMCI 30 & MEME Indices

Speculate on crypto-native indices directly on the Vertex app.

Customizable Trading Interface

Tailor your trading experience with Notifi alerts, personalized layouts, and more.

Portfolio & Margin Manager

Keep a bird’s-eye view of your account’s health and manage risk effectively.

Ultra-Low Trading Fees

Enjoy trading without maker fees. Pay only 0.02% (2 bps) in taker fees.

Synchronous Orderbook Liquidity

Tap into the power of cross-chain liquidity with the single orderbook layer of Vertex Edge -- unifying liquidity between chains.

Welcome to Vertex on Base, anon. Happy trading!

For more resources on Vertex, make sure to check out the Vertex socials and links below!

New to Vertex and the Base ecosystem?

No problem! Simply follow the steps in the video tutorial above to seamlessly create your Coinbase Smart Wallet directly on the Vertex app.

Steps to Create a Coinbase Smart Wallet on Vertex

2. Click on the "Connect a Wallet" button in the upper right-hand corner of the Vertex app.

3. Select the "Create One with Coinbase" button at the bottom of the pop-up window.

4. Click the "Sign Up" button on the next pop-up window.

5. Enter or create a passkey / PIN number for your Coinbase Smart Wallet to save on your device and / or your Apple or Microsoft account.

6. Click "OK" once your Passkey is saved.

8. Click on the "Start Trading" button once prompted.

9. You've now successfully connected your Coinbase Smart Wallet to Vertex!

• Vertex API Endpoint Host Header = prod

• Base API Endpoint Host Header = base-prod

Interacting with the Base API will otherwise remain the same as the original Vertex API.

You can find a list of the live Vertex Edge (Base) API endpoints below:

Base – Mainnet

Base -- Testnet

The Vertex on Sonic deployment shares the same Github repository as Vertex (Arbitrum), since they both utilize Vertex Edge on the back-end.

Sonic Contracts — Mainnet

Sonic Contracts — Testnet

The DeFi landscape is transforming at breakneck speed, and Sonic is at the forefront. Vertex is thrilled to deploy its unified orderbook DEX to Sonic, bringing its users blazing-fast trades and immediate liquidity spanning 60+ perpetual and spot markets.

Vertex isn’t just another DEX—it’s a game-changer. Fusing the precision, speed, and UX of centralized exchanges (CEX) with the transparency and on-chain settlement of DeFi, Vertex brings immediate and deep liquidity to Sonic with performance to match.

Trade with lightning-fast execution, access immediate orderbook liquidity spanning 6 chains, and harness your trading with a user-friendly interface.

Discover Vertex on Sonic — Trade Like a Pro

Vertex provides a full suite of powerful trading products and features with unified orderbook liquidity spanning 6 different chains — now including Sonic.

What can you do on Vertex, anon?

Trade Spot & Perpetual Markets: Effortlessly buy and sell assets across multiple blockchain ecosystems. Vertex supports over 60 spot and perpetual markets, enabling users to trade with leverage, hedge risks, or amplify exposure.

• Multiple collateral options and margin trading capabilities enhance flexibility, ensuring a comprehensive trading experience.

• Utilize $USDC and $wS as collateral on Sonic to stack Points and Gems.

Vertex Edge: Speed & Liquidity Redefined: The flagship feature of Vertex, Edge provides synchronized perpetual liquidity across multiple chains, empowering traders to eliminate liquidity fragmentation and access the best trade execution and deepest liquidity with precision.

• Trades are processed instantly, minimizing slippage and optimizing execution speed with latency times as low as 5-15 milliseconds. Whether you're a high-frequency trader or a DeFi enthusiast, Vertex Edge delivers unmatched efficiency and control.

Earn & Borrow: Utilize Vertex's embedded money markets. Earn interest natively on deposits, borrow assets against your margin with multiple collateral types, and use assets like $USDC and $wS tokens as collateral for perpetual positions.

• Native yield, spot borrowing, and turbo-looping — at your fingertips.

Trade & Earn: Unlock opportunities with every trade. Simply by trading on Vertex, Sonic users can earn rewards in:

• $S Tokens

• Sonic Gems

• Sonic Points

• VRTX Tokens

• Taker Fee: Just 0.02%.

• Maker Fee: Zero.

• Navigate seamlessly across features designed for both power users and beginners.

Self-Custody: On Vertex, your keys mean your coins. Trade with confidence knowing that you retain full control over your assets, eliminating the risks associated with centralized exchanges. It’s time to take back control.

Welcome to Vertex, anon. Enjoy the one-stop shop for all your DeFi trading needs.

For more resources on Vertex, make sure to check out the Vertex socials and links below!