1/ Maximize Sonic Szn with $S
Deploying $S, LSTs & wot not for tasty yields & points leaves you open to price risk - but it doesn’t have to be this way.
Heres how you can earn joocy rewards while hedging with delta-neutral positions using @SiloFinance & @vertex_protocol 🧵
FOXIFY V3.0 is now live on @SonicLabs, powered by Vertex Edge's liquidity layer.
This lays the groundwork for FUNDED v2.0 — the first onchain prop trading app built onto of Vertex.
➡️ Instant funding
➡️ Increased capital
➡️ Up to 40x in Sonic Points exposure
Another week of 6 figure buy backs - heres some quick maths.
> 7M VRTX bought back in April (4 weeks).
> 500M circulating VRTX
> 300M staked VRTX
So roughly...
> 0.7% of total supply.
> 1.4% of circulating supply.
> 3.8% of float (not staked).
Some projections...
> 84M VRTX annualised buy back.
> 8.4% of total supply.
> 700M projected circulating supply
> 12% of circulating supply.
> 420M staked (based on continued ratio).
> 20% of float (not staked).
This is with only 50% of revenue going to buy backs atm...
Will be interesting to revisit these stats a year to date (Vertex's 3rd anniversary).
Another week of 6 figure buy backs - heres some quick maths.
> 7M VRTX bought back in April (4 weeks).
> 500M circulating VRTX
> 300M staked VRTX
So roughly...
> 0.7% of total supply.
> 1.4% of circulating supply.
> 3.8% of float (not staked).
Some projections...
> 84M VRTX annualised buy back.
> 8.4% of total supply.
> 700M projected circulating supply
> 12% of circulating supply.
> 420M staked (based on continued ratio).
> 20% of float (not staked).
This is with only 50% of revenue going to buy backs atm...
Will be interesting to revisit these stats a year to date (Vertex's 3rd anniversary).
State of @vertex_protocol Q1
Key Update: Vertex Protocol expands to three new chains and launches V3, introducing high-leverage pools and cross-chain liquidity features.
QoQ Metrics 📊
• VRTX staking ⬆️ 13% QoQ
• Daily trades ⬆️ 13.2% QoQ
• Sonic revenue share ⬆️ to 49% of protocol fees
Read the full report 🔗 https://t.co/vi24SyYHVE
Trade on Vertex. Earn $AVAX 🔺
Season 2 kicks off Wednesday 23rd April.
40K in AVAX tokens up for grabs, only for traders on Vertex on @avax.
Read on to learn more 👇
Prop trading is coming to Vertex.
We’ve partnered with @foxifytrade to launch FUNDED v2 — an on-chain prop trading model where users can access capital and trade directly on Vertex.
Learn more below 👇
This week, a total of 2.38 million $VRTX was bought back and distributed to stakers — bringing the cumulative buyback amount to 15.6 million VRTX since January 2025.