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 - it’s been an incredible journey. Stay tuned for final shutdown updates and what's coming next as we gear up to launch on Ink.

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:  • All outstanding borrow positions will be force-closed via collateral swap (5% fee applies).  • Funds will be automatically sent to connected wallet addresses.  • 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.

1/ Vertex Shutdown Update: BTC-PERP Timeline Adjustment Due to large open interest in BTC-PERP, the BTC perpetual market will now close simultaneously with borrow / lend markets at the start of Phase 4 on Wednesday, July 16th at 14:00 UTC. This gives traders extra time to manage their positions.

Vertex Shutdown: Phase 2 Begins in 24 Hours. As part of the Vertex Shutdown Sequence, Phase 2 will begin on Thursday, July 10 at 2PM UTC. Key changes during this stage: • Oracle prices will be frozen • Only reduce-only orders permitted • New positions, borrows, and deposits will be disabled Users are encouraged to close positions and repay borrows. For full details on the shutdown sequence and timeline, please refer to the official blog post linked in the below tweet.

A New Chapter – 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.

🚨 Big news: Vertex Protocol is joining the Ink Foundation to build the next generation of DeFi primitives on the Ink Layer-2. A major step forward for onchain capital markets 🧵

TRUTH!

Trading Rewards Extended for $AVAX & $SEI. An additional 3,500 AVAX and 250,000 SEI tokens are up for grabs as trading rewards on Vertex for the next week. Takers earn AVAX, Makers earn SEI.

gm to all the "this is the top" callers.