The Vertex Gazette [edition #1]
Your go-to source for all things Vertex - product updates, new feature highlights and even some degen insights from the Edge ecosystem.
Welcome to the 1st edition of The Vertex Gazette, frens! Discover your go-to source for all things Vertex, ranging from product updates to new feature highlights and even some degen insights from the Edge ecosystem.
Buckle up for an action-packed newsletter! Let’s dive into the past month's achievements, incentives, product updates, and much more.
~ Editorial & Chief, Eddeh
Monthly Recap – July 2024
Surpassed $100 Billion in Cumulative Trading Volume
Vertex has officially smashed through the $100 billion cumulative trading volume mark on Arbitrum across spot and perpetuals! It’s a massive milestone in Vertex’s storied journey from its original launch date back in April 2023.
Cheers to the incredible community for making this possible!
Have your Steak and Eat it Too
$VRTX stakers enjoyed more than $485K USDC in staking rewards over the month of July. Wanna participate in the protocol rewards, anon?
Start Staking ➡️ https://app.vertexprotocol.com/vrtx
[staking graphic]
Revelo Research Report
Revelo is a comprehensive crypto research platform designed to help users and investors navigate the complex world of DeFi. Armed with high-caliber protocol reports and actionable insights spanning a spectrum of industry data, Revelo is amongst a class of emerging leaders in DeFi research.
The stellar team at Revelo recently dropped a new report on Vertex – illustrating the competitive market landscape of DEXs and Vertex’s distinct position in a crowded field. It’s amazing reading for whenever you have a spare moment or inevitably find yourself alone on a Friday night in front of your computer…
The Return of the Perps Play – Theia Research
The team at Theia Research, a liquid digital asset fund founded by John McNiff and Felipe Montealegre, recently published their second report on Vertex. You’re gonna want to read it, anon.
Theia’s report aims to identify mispriced small-cap tokens that generate cash flow to token holders, with the Vertex piece orienting around the fund’s broader thesis on the development of the DEX market relative to CEXs moving forward, particularly regarding the evolution and adoption of the renowned perpetuals product in crypto.
It’s a banging report, and definitely an Eddeh recommendation for when you’re edging…
AscendEX Listing
July introduced a brand new $VRTX listing! Courtesy of AscendEX, users can now trade VRTX spot markets on the AscendEX exchange.
Trading Rewards & Incentives (ARB + MNT)
Eddeh has been knee deep in July’s incentive programs. Dual $ARB rewards for traders on Vertex Edge (Arbitrum) $MNT rewards for traders on Vertex Edge (Mantle) is too much for Eddeh to pass up on the opportunity.
Stay tuned, anon. More upcoming deployments of Vertex Edge to new chains means more trading rewards for you and Eddeh!
Additionally, make sure to keep an eye out for various trading competitions across Vertex Edge instances over the next few months.
Compete against the best. Earn a shot to win cash prizes!
Learn more about the various incentive programs in the Vertex docs, then Ape in at your leisure.
$ARB Rewards:
$MNT Rewards:
July Product Updates
New Referral Staking Tiers
We’ve revamped our referral program with new staking tiers! Refer more volume across various VRTX staking tiers and earn more commission payouts!
Get the lowdown on how to maximize your rewards 👇
Learn More ➡️ https://docs.vertexprotocol.com/basics/referrals
Earning Passive Yield & Rewards with Skate Vaults
We’re excited to announce our latest integration with Skate! Are you a passive liquidity enjoyer who likes rewards?
Deposit into Skate’s vaults and start earning!
📥 Skate “The Majors” Vault
Want to learn more about how the Skate vault works on Vertex? Check out the thread below, including a summary of the $ARB incentives and Ollie Points available to LPs:
Introducing The Leaderboard
Are you a competitive trader? Then this ones for you…
Vertex just launched a brand new leaderboard, showcasing all the top traders on Vertex over a longer time frame than your run of the mill trading competition. Check where you rank amongst the best traders on Vertex, whenever you want.
The leaderboard enables users to check out the best traders across both the Arbitrum and Mantle instances of Vertex Edge – powered by our friends at Perps.AI.
The NEXT Cross-chain Deployment
We are excited to introduce Vertex to another ecosystem in August… but before we share the next deployment - we want to know where you’d like to see Vertex deploy!
Let us know in the comments below.
The Degen Den
mETH Leveraged Spot for Max Powder
The latest deployment of Vertex Edge to Mantle opened up a whole new bag of opportunities with the $mETH spot market. Including the upcoming $COOK airdrop for $mETH governance, users can utilize Vertex’s leveraged spot borrowing feature within the DEX’s embedded money market.
Load up on $mETH spot and maximize the amount of powder you earn for the incoming $COOK airdrop!
Learn more about Mantle’s Metamorphosis Campaign:
Learn more about leveraged looping with $mETH in the Vertex money market:
Funding Rates?
Vertex traders have demonstrated various strategies for turning a profit – no matter the market conditions. One of the primary ways traders capitalize on market inefficiencies is via funding rate arbitrage between perpetuals on different exchange venues.
Want to discover some cool funding rate yield opportunities on Vertex? Check out The Funding Rates Guy’s excellent thread on his $TON funding rate farming below.
Got your own degenerate trading strategies? Let us know in the comments below and you may get featured in next months edition!
Data Dashboard of the Month
That’s right, more funding rate data for you to scour through in your insatiable hunt for yield in DeFi. Each month, we’ll highlight the best Vertex-oriented dashboard – starting with the first historical funding rate dashboard for Vertex perpetuals, courtesy of our friends at Flipside Crypto.
Historical Funding Rate Dashboard:
Shoutout to Flipside’s data analyst, MasterChETH, who created and designed the historical funding rate analytics for the most hardcore arbitrage masters. It also happens to be a great tool for the casual degens looking for the next on-chain arbitrage opportunity…
Memes of the Month
A monthly gazette without memes just doesn’t feel right. So here are the best Vertex memes from the community for the month of July!
Credit to @pashaJPEG on X, who crafted the meme below.
Intechlligence displaying extreme levels of intelligence with the meme below.
We can’t close off this edition without sharing this incredible meme from AltcoinAce.
Stay tuned for more updates! Degenerate fun, nuggets of data insights, and some new product developments are on the horizon in the next edition of The Vertex Gazette.
Keep trading, stay degen, and let’s continue to be pre-rich, together.
Thanks for joining Eddeh hot off the press…
we need Vertex on Base ofc