Vertex

Vertex Protocol is a decentralized exchange (DEX) operating on the Arbitrum network. The platform integrates spot and perpetuals trading with a hybrid orderbook-AMM model, which aims to provide deep liquidity and efficient pricing for traders. This hybrid model combines an on-chain automated market maker (AMM) with an off-chain order book, allowing for faster trade execution and lower fees compared to purely on-chain DEXs.

The protocol offers cross-margin trading, enabling users to leverage their entire portfolio as collateral for their trades. This feature provides greater capital efficiency and flexibility for sophisticated trading strategies. Vertex serves a client base of both retail and institutional traders looking for a decentralized and self-custodial trading solution with performance comparable to centralized exchanges.

The business model revolves around transaction fees generated from trading activities on the platform. A portion of these fees is distributed to users who stake the native VRTX token, creating a revenue-sharing mechanism that incentivizes participation and governance in the ecosystem.

Keywords: decentralized exchange, Arbitrum, hybrid orderbook, AMM, spot trading, perpetuals trading, cross-margin, VRTX token, crypto derivatives, DeFi