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Vertex Shutdown: Phase 4 Begins in 24 Hours.
As part of the Vertex Shutdown Sequence, Phase 4 will begin on Wednesday, July 16 at 2PM UTC.
Key changes during this stage:
• All outstanding borrow positions will be force-closed via collateral swap (5% fee applies).
• Funds will be automatically sent to connected wallet addresses.
• Trading pages on the web app will be deprecated.
Users are strongly encouraged to withdraw any remaining funds prior to the start of Phase 4 to make the process as smooth as possible.
Trade history will remain accessible for the next four weeks for users to retrieve records.
Please note: Withdrawals will no longer be possible once Phase 4 begins. Any remaining balances will be settled and distributed automatically.
For full details on the shutdown sequence and timeline, please refer to the official blog post.

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