Crypto Information Data

Vertex has been on fire recently, doing over $200m in trading volume consistently for the past week and reaching nearly $500m yesterday🔥If you didn’t know, today is the last day to participate in the ‘Initial Token Phase’ where early traders have been farming $VRTX.So what’s next?👇————————————1️⃣ $ARB grant@vertex_protocol have been awarded up to 3m $ARB from the Arbitrum STIP which will begin to flow soon and be allocated as the following:• Community-based market making on Vertex via @ElixirProtocol’s fusion pools.• Trading rewards• Sequencer fee removal (less fees on trading pairs)————————————2️⃣ $VRTX token launch and LBA (liquidity bootstrapping auction)The VRTX LBA will be ongoing from the 13th to the 19th this month with the purpose of creating a fair distribution of tokens while seeding initial VRTX liquidity.Users will be able to lock up USDC and pre-claimed VRTX which will be locked & vested over 180 days while earning VRTX tokens.After the initial 7-day period, the locked assets are used to seed the VRTX/USDC LP on the Vertex AMM. At this point, the listing price of VRTX will be set.One week later, LBA participants can begin claiming their awarded VRTX tokens.For more information on how to participate in the LBA and the specific mechanics of this auction, please see the thread in the post below.————————————3️⃣ Future $VRTX token incentives programs and general growthVertex will continue to expand with more trading pairs, additional opportunities for users to earn yield by market making and earn trading incentives in $VRTX.I recommend following @vertex_protocol if you haven’t already in order to stay up to date on all this⚡️Disclaimer: Not financial advice – I’m a Vertex ambassador