Vertex protocol is one of the known and popular DEX trading on the blockchain. This protocol is working towards the blockchain based trading and also has variety of the features that would turn the finance into more or less decentralized as long as consumer trades on their protocol.
Vertex has released it's second layer on the Ethereum layer 2 under the name Blitz. This layer would make sure that there is a cross chain layer for the transaction and also gets the feature like order book which is kind of common in the DEX market.
Let's take a look at how the Vertex Edge and protocol works in the grand scheme of things.
What is Vertex protocol? And how Edge is different from it as an upgrade?
Vertex protocol is a DeFi marketplace where buy, borrow and the money market like any other stock market is handled. It used to be mono chain at first but now it has the cross chain support and also the cross chain deposit system too. Considering this is non custodial you as a user retain the control of the funds.
New upgrade is called as an edge. And this upgrade is added the feature for the orderbook. On the chain it was past available for the single chain usage but in near future the usage for the cross chain for the orderbook is now possible. You can also see the upgrade supporting the multiple chain deposits on the DEX.
One Click Trading of Vertex
Like stock markets have the option to add the funds or connect the account and then do the one click funding. You can see that DeFi markets are also adopting this method and making it easier for the traders to use the DEX. In this approach however they are making use of the one click trading option. Its called as the 1CT feature in the Vertex.
This also allows you to make use of the sign every transaction feature. So you should make use of the that while doing the DEX based marketplace trading. It can be pretty interesting to make use of the same. There are few more features on the dertivative contracts and also the SPOT trading feature like most exchanges offer.
Vertex protocol is kind of like one of those trading terminals where you get to work with variety of the options in the stocks, options, future contracts and other features are given. In case of the Vertex, your context however is restricted to the crypto market and the blockchain smart contracts. Here even the cross chain investment option is given.
It has it's own VERTEX token and also would allow you to make use of the staking feature. Such DEX when get their own cross chain feature along with their own layer token, that is a plus. And its definitely a good progress and becomes a mature product for the consumers to use. I feel blockchain products are now getting more serious and have their own share of use case. You can check here
Vertex protocol is a cross chain DEX trading on the blockchain service. And they are now getting their own cross chain support along with order book. It's worth exploring this decentralized product on the web.
Posted Using InLeo Alpha