
Vertex Protocol VRTXPrice N/A
VRTX Price
Vertex Protocol (VRTX) to be migrated and rebranded. For more information, please check the official announcement: https://blog.vertexprotocol.com/...
General Info
Contracts/Explorers:
Arbitrum
Funds and Backers
Vertex Protocol (VRTX) Chart
IEO
21 Nov 2023 — 21 Nov 2023
Raised
$ 40.00K
Price:
$ 0.313
Tokens For Sale:
127,673
Platform:
N/A
ATH ROI:
1.62x +62%










What is Vertex Protocol (VRTX)?
Vertex Protocol a decentralized FX protocol for multi-currency spot and derivatives trading.
Vertex aims to address a growing need for multi-currency DeFi applications and on-chain FX trading. Currently, the vast majority of DeFi liquidity is concentrated in US-Dollar denominated stablecoins. While non-USD stablecoins exist, the absence of a viable protocol to trade between various fiat-linked tokens has kept their liquidity thin, limiting adoption and utility. Traders looking to hedge currency risk between USD-denominated DeFi investments and their local currencies have few options.
Building at the intersection of the $5 trillion-dollar FX market and cryptocurrency derivatives, Vertex has developed the first facility for stablecoin perpetual swaps to trade on Terra. Vertex will offer a range of leveraged FX products, based around Terra’s stablecoins, enabling crypto-natives to trade, pool, borrow and lend currencies via stablecoins in a similar fashion to their TradFi counterparts.
Vertex is built on the Terra blockchain, leveraging the blockchain’s growing DeFi market share and suite of decentralized stablecoins. Terra’s high throughput and low-fee architecture enable seamless cross-border value exchange anywhere, making it an ideal ecosystem for an emerging multi-currency stablecoin protocol.
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