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      Vertex Protocol Team Joins Ink Foundation To Build New DeFi Primitives On Ink Layer-2

      Published: just now

      Vertex Protocol and Ink Foundation

      Leading decentralized exchange Vertex Protocol has agreed to join the Ink Foundation, bringing its core infrastructure and team to the Ink ecosystem. The transaction marks a significant milestone for Ink's expanding decentralized finance stack.
       

      The deal will see Vertex cease trading across its current EVM deployments, with plans to launch a new version of the protocol exclusively on Ink. Vertex Protocol operates as a decentralized trading platform known for its high-performance trading architecture and active community.

       

      As part of the transition, the VRTX token will be discontinued. VRTX holders will receive an airdrop of INK tokens at launch, with 1% of the INK supply allocated to Vertex community members. Token holders will also receive enhanced participation in an upcoming INK incentives programme. A snapshot for the airdrop was taken on Tuesday, July 8, with all treasury and non-vested VRTX tokens excluded and burned.
       

      Visual content

      Darius Tabai, CEO and Co-Founder, Vertex
       

      Darius Tabai, CEO and Co-Founder of Vertex, commented: 

      "This is an incredible moment for the Vertex team and community. As a top decentralized exchange, Vertex has built a strong community. Vertex technology will accelerate the Ink Foundation's goals, provide more opportunity for traders, and represent renewed potential for tokenholders."
       

      Airdrop eligibility and distribution mechanics will be announced at a later date, with the foundation promising to implement industry-best practices for sybil deterrence to limit farming and maximise fairness.

       

      The integration of Vertex's synchronous orderbook engine, perpetuals, and money market stack into Ink represents a significant expansion of the network beyond core infrastructure into application-layer functionality.
       

      The Ink Foundation Board of Directors said: 

      "Vertex has built one of the most advanced decentralized trading platforms in the space. Bringing what they have built into the Ink ecosystem is a strategic leap forward as we realise the vision for open, onchain capital markets."
       

      The transaction was introduced and advised by Acquire.Fi, a dedicated M&A platform for web3 and decentralized protocols. Ink Foundation was advised by Carey Olsen and Willkie Farr & Gallagher LLP. Terms of the deal were not disclosed.
       

      Vertex Protocol launched in 2023 as a decentralized trading platform combining low-latency orderbooks with unified liquidity for spot, perpetuals, and money markets. Co-founded by Darius Tabai and Alwin Peng, the platform delivers what it describes as CEX-grade performance in a decentralized environment through its hybrid execution model and advanced matching engine.
       

      The Ink Foundation is an independent entity that stewards the Ink Layer-2 and its ecosystem, supporting protocol development, ecosystem growth, and token governance to help realise the vision of open, onchain capital markets.

      We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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      Bhargav is a Business Analyst at LF, working at the intersection of business strategy, marketing, PR, communications, and operations. I enjoy transforming ideas into meaningful initiatives, building better processes, strengthening brand presence, and creating solutions that drive measurable impact.

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