❥ CEO of pressing buttons at @vertex_protocol ❥ Not Financial Advice🦋 grrrr
Joined June 2022
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1/ Maximize Sonic Szn with $S
Deploying $S, LSTs & wot not for tasty yields & points leaves you open to price risk - but it doesn’t have to be this way.
Heres how you can earn joocy rewards while hedging with delta-neutral positions using @SiloFinance & @vertex_protocol 🧵
Not to spoil the fun but $USDC deposit APR currently cruising at around ~20% APR.
No LP. No Risk. Just Yield.
Vertex Intern 인턴 🌸 retweeted
FOXIFY V3.0 is now live on @SonicLabs, powered by Vertex Edge's liquidity layer.
This lays the groundwork for FUNDED v2.0 — the first onchain prop trading app built onto of Vertex.
➡️ Instant funding
➡️ Increased capital
➡️ Up to 40x in Sonic Points exposure
🚀 Foxify v3 is now LIVE on @SonicLabs! This launch marks a major step towards our next big move: FUNDED v2.0
Built with @vertex_protocol's Edge, we now offer a seamless trading experience with deep, unified liquidity.
Let’s break down what this means for traders 🧵
Vertex Intern 인턴 🌸 retweeted
Another week of 6 figure buy backs - heres some quick maths.
> 7M VRTX bought back in April (4 weeks).
> 500M circulating VRTX
> 300M staked VRTX
So roughly...
> 0.7% of total supply.
> 1.4% of circulating supply.
> 3.8% of float (not staked).
Some projections...
> 84M VRTX annualised buy back.
> 8.4% of total supply.
> 700M projected circulating supply
> 12% of circulating supply.
> 420M staked (based on continued ratio).
> 20% of float (not staked).
This is with only 50% of revenue going to buy backs atm...
Will be interesting to revisit these stats a year to date (Vertex's 3rd anniversary).
Another week of 6 figure buy backs - heres some quick maths.
> 7M VRTX bought back in April (4 weeks).
> 500M circulating VRTX
> 300M staked VRTX
So roughly...
> 0.7% of total supply.
> 1.4% of circulating supply.
> 3.8% of float (not staked).
Some projections...
> 84M VRTX annualised buy back.
> 8.4% of total supply.
> 700M projected circulating supply
> 12% of circulating supply.
> 420M staked (based on continued ratio).
> 20% of float (not staked).
This is with only 50% of revenue going to buy backs atm...
Will be interesting to revisit these stats a year to date (Vertex's 3rd anniversary).
~74% of circulating supply staked wat, the boys staking have conviction and it shows 🥵
State of @vertex_protocol Q1
Key Update: Vertex Protocol expands to three new chains and launches V3, introducing high-leverage pools and cross-chain liquidity features.
QoQ Metrics 📊
• VRTX staking ⬆️ 13% QoQ
• Daily trades ⬆️ 13.2% QoQ
• Sonic revenue share ⬆️ to 49% of protocol fees
Read the full report 🔗 messari.co/4jV4wMM
Vertex TVL on @SonicLabs going up while my PnL is going down.
The world is healing.
The first prop trading app in DeFi, and of course they are building on Vertex.
Prop trading is coming to Vertex.
We’ve partnered with @foxifytrade to launch FUNDED v2 — an on-chain prop trading model where users can access capital and trade directly on Vertex.
Learn more below 👇
if you're an $S maxi but you're trading perps on a platform thats not on @SonicLabs what r u doing?
Vertex's USDC borrow/lend market on @arbitrum is currently yielding ~28% APR.
All you've got to do is deposit gmeow.
great opportunity for you keyboard warriors to learn more about whats going on at Vertex
🎙️ Community Call in the Liquidity Lounge.
Join us for an open-mic call with product updates, ecosystem highlights & more!
📅 Thursday, 3rd April @ 3 PM UTC.
➡️ t.me/liquiditylounge
