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Vertex will close the existing DEX and migrate to the Layer 2 network Ink supported by Kraken.
PANews July 8 news, according to The Block, the decentralized trading platform Vertex will shut down its existing deployment on Arbitrum and rebuild the DEX on the Layer 2 network Ink incubated by Kraken, with the native token VRTX being gradually phased out. The July 8 Snapshot will determine the eligibility for the INK Airdrop, with VRTX holders receiving 1% of the initial supply. The Ink Foundation will receive its order book, perpetual engine, and lending technology to accelerate the on-chain Capital Market construction.