{"data":{"id":22355,"name":"Vertex Protocol","symbol":"VRTX","slug":"vertex-protocol","category":"token","description":"### What is Vertex Protocol? \n\nLaunched in April 2023, Vertex Protocol is a hybrid orderbook-AMM DEX built on the Arbitrum L2. Vertex deploys unified cross-margin across spot, perpetuals, and an integrated money market across 23+ markets with a competitive, low trading fee model.  \n\nVertex’s high-performance orderbook enables low-latency order matching of 15 - 30 ms, comparable with most CEXs – while preserving the non-custodial ethos of DeFi. \n\n### What is VRTX? \n\nVRTX is the fungible protocol token of Vertex Protocol – a transferable representation of attributed utility functions specified in Vertex’s protocol code. \n\nThe utility of VRTX within the scope of the DEX includes: \n\nStaking VRTX to contribute to the safety of the Vertex ecosystem.\n\nRewarding variable levels of contributions and commitments to the protocol over the long-term – designed to incentivize contributors who either transact or trade on the protocol, perform off-chain marketing, and/or provide referral activities.\n\nStaking VRTX generates a user score, known as voVRTX, that plays a significant role in incentivizing security and long-term commitment to the protocol. The amount generated increases proportionally to the longer duration a user's account consistently stakes VRTX. \n\nvoVRTX boosting maintains several primary goals:\n\nEncourage long-term VRTX staking. \nIncrease active user participation in the protocol.\nBenefit Vertex contributors with long-term perspectives. \n\nUsers displaying long-term commitments to the protocol through various contributions and efforts to participate in the ecosystem (defined by their voVRTX score) are eligible to receive rewards – derived from a percentage of the protocol’s revenue.\n\n### How Many VRTX Coins Are In Circulation? \n\nThe current circulating supply of VRTX is 160 million VRTX. \n\nThe total supply of VRTX is capped at 1 billion VRTX. The issuance of VRTX follows the full 6+ years emissions schedule prescribed in the official Vertex documentation section here. \n\n### Who Are The Founders of Vertex Protocol? \n\nVertex Protocol was co-founded by Darius Tabatabai and Alwin Peng. The dynamic duo met in 2022 amidst the widespread market volatility that swept the industry throughout the 2022 Summer. \n\nDarius and Alwin, hailing from notably different backgrounds and with ~20 years in age difference between them, bonded over their shared interests in problem-solving and building new things after being introduced by a mutual colleague. \n\nAround the same time, the demand for DEXs fusing the performance and capital efficiency of CEXs with the ethos of self-custody enshrined within DeFi became progressively stronger, ultimately leading to the inception of Vertex. \n\nDarius’ background is an experienced trader with a history of working in FX, Commodities, and Crypto. Darius’ previous roles include the Head of Trading at JST Capital, Head of Trading at CrossTower, Global Head of Metals Trading at Merrill Lynch, and the Global Head of Precious Metals Trading at Credit Suisse. \n\nDarius holds a BSc in Government & Economics from the London School of Economics alongside a Masters of Science degree in Computer Science from the University of York. \n\nAlwin was the youngest employee ever hired by Jump Trading, entering the DeFi industry soon after graduating from high school. \n\nHe quickly proved to be a talented and prolific developer, initially building RandomEarth in 2022, a popular NFT marketplace on Terra, before transitioning to become a co-founder with Darius later that summer – invoking the Vertex saga. \n\nThe duo are inseparable today.  \n\n### Where Can I Buy Vertex Protocol (VRTX)? \n\nVRTX is available for trading on several centralized exchanges, primarily spot markets quoted in stablecoins. \n\nCurrent exchange venues where VRTX can be 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