Vertex Protocol (VRTX) is a cross-margined decentralized exchange (DEX) protocol that offers spot trading, perpetual trading, and an integrated money market in one vertically integrated application on Arbitrum. Vertex Protocol aims to replace the need for centralized exchanges (CEXs) and provide users with a trading experience that combines the benefits of self-custody, transparency, and autonomy native to DeFi while maintaining high performance and features comparable to CEXs.
Vertex is a non-custodial platform, meaning users always retain control over their assets on-chain. Due to its hybrid order book-AMM design, it boasts extremely low-latency trading and effective liquidity utilization across a broader range of DeFi assets. The off-chain sequencer architecture also helps minimize the MEV characteristic of Ethereum Layer-1 while enabling lightning-fast trading.
The integrated AMM is located on-chain within the protocol layer and functions as the default state of the protocol controlled at the smart contract level, known as "Slo-Mo Mode." The order book operates as an off-chain node layered on top of the smart contracts and contained within the Layer-2 Arbitrum protocol layer, matching inbound orders with execution speeds competitive with most centralized exchanges.
Additionally, Vertex provides a powerful, streamlined trading experience for DeFi, allowing users to trade spot and perpetuals, manage universal cross-margined trading accounts, and earn and borrow assets through its integrated money market.
