Vertex is pleased to announce a Security Partnership with OtterSec! OtterSec is a reputable blockchain security firm with an extensive track record of Web3 and traditional security expertise across a diverse range of notable clients with bespoke demands. “We’re thrilled to work with OtterSec directly on a comprehensive security
A $10 billion hole on a balance sheet. Untenable risk exposure fueling yields on customer deposits leading to insolvency. A daisy chain of contagion as retail users are left to pick up the pieces once again. FTX, Celsius, and Crypto 2022. Centralized trust breaches are running rampant in crypto lately.
TLDR: Transparency, tokenomics, and DAO governance allow decentralized exchanges to reduce risk in financial markets. This series has introduced the concept that exchanges are public goods. We argue that for various reasons, we ought to prefer DEXs over CEXs. Much of what we covered has dealt with user experience on
Welcome to Basecamp, the start of your journey to Everest’s Summit. The Mission Today’s current market structure contains an amalgamation of competing interests. The narrative of crypto has not changed, yet the majority settle for less by surrendering power to the few. CEXs have held the market majority
TLDR: The ideal exchange is- cheap, fast, fair, safe, and convenient. Because they are public goods, exchanges should be prioritizing community service over profits. Vertex aims to meet these ideals. In our call to arms we identified the monopolistic nature of CEXs and their adverse effects on the current market,
Quick recap — It’s been 4 weeks since we shared our last roadmap update. In that time we have: * Published our new Litepaper (and threads 1, 2, 3) * Rebranded (check out the website) * Attended Mainnet (have you seen our booth 😂 ) * Launched community initiatives (get paid to contribute) Next up: The
As promised last week, the team at Vertex is proud to present our new Litepaper to the world. Link to litepaper docs: https://vertex-protocol.gitbook.io/vertex-litepaper-v2/litepaper/abstract Our paper seeks to highlight the core discrepancies of both CeFi and DeFi. From negligent centralized actors to sub-par performance, overly