A New Chapter – Vertex Joins the Ink Foundation! We're thrilled to announce that Vertex has entered an agreement to join @inkonchain, bringing our core infrastructure and team to the Ink ecosystem. This marks a major milestone for both Vertex and Ink as we power the next generation of on-chain trading.

Over the past 2+ years, our mission with Vertex has been to set a new standard for on-chain trading - uniting performance, transparency & synchronous orderbook liquidity. Since our launch on Arbitrum in 2023, Vertex has processed $224 billion in trading volume spanning nine chains - powered by a small team and the support of a remarkable community & partners.

Today, as Vertex joins the Ink Foundation, we're thrilled to embark on a new chapter. This transition brings important changes for both Vertex users & VRTX token holders as we welcome you to a new platform where we can better shape the future of DeFi.

What happens next? Two primary aspects of the transition are important for Vertex users and token holders to understand over the comings days and weeks, including: 1. The VRTX <> INK Token Migration & Airdrop 2. Vertex Edge Shutdown Sequence

VRTX <> INK Token Migration & Airdrop • 1% of total INK supply allocated to VRTX holders. • Snapshot: July 8th @ 14:00 UTC. • ~1 VRTX = 0.018 INK tokens. • VRTX holders get boosted rewards in upcoming INK incentives. • 90-day claim period after INK launch.

Vertex Edge Shutdown Sequence Following the agreement, Vertex will cease trading activity across all 9 EVM deployments and halt planned launches on new chains. The shutdown follows a structured 4-phase process, allowing users to close positions and withdraw assets in an orderly manner.

Vertex Edge Shutdown Sequence begins TODAY (July 8th @ 14:00 UTC): • Phase 1 (July 8-10): Full functionality - close positions, repay borrows, withdraw assets. • Phase 2 (July 10-14): Reduce-only mode, oracle price freeze. • Phase 3 (July 14-16): Force settlement. • Phase 4 (July 16-Aug 14): Final closure.

Looking ahead, Vertex will soon re-brand and launch a dynamic, new version of the DEX purpose-built for the Ink ecosystem as part of the foundation team. The combination of Vertex's proven trading technology and the Ink L2's emerging ecosystem creates a platform uniquely positioned to serve the next generation of on-chain traders.

As we transition through the shutdown phases, our commitment is to ensure every user can safely exit their positions and participate in the INK ecosystem. For more updates and relevant communications on the Vertex transition to the Ink Foundation, make sure to stay tuned to the Official Vertex X Account and Discord server.