6/ With profound thanks for your enduring support over the years, the Ink journey continues.
Stay informed on the $INK TGE and ecosystem updates by following @Inkonchain.
4/ Users have the option to delegate to another address if they wish. $INK tokens are claimable at TGE.
2/ Verify your allocation by connecting your wallet that held $VRTX on the snapshot date to the verification portal below π
allocation.vertexprotocol.coβ¦
For a full breakdown of the Vertex shutdown and relaunch on Ink, refer to the blog post below.
blog.vertexprotocol.com/a-neβ¦
Vertex shutdown sequence complete. Back-end services for Vertex web app fully deprecated; Users will be unable to access any features on the FE.
Stay tuned for updates on:
β’ INK airdrop for VRTX holders
β’ Launch of our new branded product
Next chapter starts soon!
Vertex π retweeted
π¨ Kraken is leveling up
$INK and Ink Layer-2 are coming to Kraken's products to deliver new onchain experiences. Built for scale, ready for the world.
β $INK to join Kraken Drops π
β CeFi x DeFi? not a bridge π€ a fusion blog.kraken.com/news/integraβ¦
As part of Phase 4 of the Vertex Shutdown Sequence, all user funds have now been fully settled and distributed to connected wallets.
Thank you to everyone who traded and believed in Vertex - itβs been an incredible journey.
Stay tuned for final shutdown updates and what's coming next as we gear up to launch on Ink.
3/ After August 14th, the Vertex app will be fully sunset and no further actions will be possible.
For a full overview of the shutdown process and a recap of the acquisition, please refer to the links below.
For full details, visit: xitter.cf/vertex_protocol/statusβ¦
Acquisition recap: blog.vertexprotocol.com/a-neβ¦
A New Chapter β Vertex Joins the Ink Foundation!
We're thrilled to announce that Vertex has entered an agreement to join @inkonchain, bringing our core infrastructure and team to the Ink ecosystem.
This marks a major milestone for both Vertex and Ink as we power the next generation of on-chain trading.
2/ Phase 4: Money Market Closure & Web App Shutdown
π Start: Wednesday, July 16th 2025 @ 2 PM UTC
π End: Thursday, August 14th 2025 @ 2PM UTC
During this phase:
β’ Remaining borrow positions are force-closed via collateral swap, these will be subjected to a 5% penalty when settled.
β’ BTC-PERP price feed frozen and remaining positions force closed
β’ Resulting funds will be automatically sent to your linked wallet.
β’ All trading interfaces are now permanently disabled.
β’ User-initiated withdrawals via the app are no longer supported.
β’ Trade history will remain viewable for approximately 4 weeks.
1/ As of Today @ 2PM UTC, Phase 4 of the Vertex Edge Shutdown Sequence has officially begun.
This is the final phase of the shutdown. From this point forward, all trading, deposits, and withdrawals will be disabled.
Please read carefully.
Vertex Shutdown: Phase 4 Begins in 24 Hours.
As part of the Vertex Shutdown Sequence, Phase 4 will begin on Wednesday, July 16 at 2PM UTC.
Key changes during this stage:
Β β’ All outstanding borrow positions will be force-closed via collateral swap (5% fee applies).
Β β’ Funds will be automatically sent to connected wallet addresses.
Β β’ Trading pages on the web app will be deprecated.
Users are strongly encouraged to withdraw any remaining funds prior to the start of Phase 4 to make the process as smooth as possible.
Trade history will remain accessible for the next four weeks for users to retrieve records.
Please note: Withdrawals will no longer be possible once Phase 4 begins. Any remaining balances will be settled and distributed automatically.
For full details on the shutdown sequence and timeline, please refer to the official blog post.
3/ For details on the upcoming final shutdown stage, please see the full announcement linked below.
xitter.cf/vertex_protocol/statusβ¦
A New Chapter β Vertex Joins the Ink Foundation!
We're thrilled to announce that Vertex has entered an agreement to join @inkonchain, bringing our core infrastructure and team to the Ink ecosystem.
This marks a major milestone for both Vertex and Ink as we power the next generation of on-chain trading.
2/ Phase 3: Force Close Perps & Repay Borrows
π Start: Monday, July 14th 2025 @ 2 PM UTC
π End: Wednesday, July 16th 2025 @ 2 PM UTC
During this period:
β’ All remaining perpetual positions will be force-closed using the frozen prices from Phase 2 (excluding BTC-PERP).
β’ Outstanding borrow positions will be repay-only until Phase 4, we recommend users repay borrows prior to Phase 4 to avoid a 5% settlement fee.
This is the final phase where any trading-related activity will take place via the Vertex app.
BTC-PERP is excluded from the above and will remain tradeable as normal until Wednesday, July 16th at 14:00 UTC.
In addition, the funding rate will be capped at 0.2% (20bps) per day to mitigate excessive volatility on funding rate for BTC-PERP positions.








