TechFlow, July 8 — According to The Block, Vertex Protocol, a decentralized exchange built on Arbitrum, will deprecate its VRTX token and exclusively rebuild its DEX on Ink, a Layer 2 network incubated by Kraken. As part of the migration, Vertex developers will also deactivate the VRTX token. A snapshot is scheduled for July 8 (Tuesday) to determine eligibility for the INK airdrop. The airdrop will distribute 1% of Ink's genesis token supply to VRTX holders and enhance their access to upcoming incentive programs. Funds and unvested VRTX tokens will be burned. Web3 M&A platform Acquir.Fi facilitated the deal between Ink and Vertex. However, financial terms were not disclosed.
Add to Favorites
Share to Social Media
