Vertex STIP Program Update

0 replies, 142 views, 3 likes


The Vertex Protocol, a DeFi platform, has seen increased taker activity and user engagement due to its incentive distribution, with 428,572 ARB tokens disbursed and 197,747 ARB set for future allocation. Performance metrics indicate a healthy ecosystem, with an average daily TVL of $25,360,000, daily transactions averaging 26,550, and daily volumes at $235,714,000.

What is this about?

This discussion revolves around the Vertex Protocol, a decentralized finance (DeFi) platform. Darius provided a bi-weekly update on the protocol's performance and incentive distribution. The protocol incentives, which began on 11/8, have led to an increase in taker activity. The total ARB (the protocol's native token) disbursed was 428,572, with 230,825 used as incentives in the last two weeks. The remaining 197,747 ARB will be allocated for the next week as per the STIP plan. The incentives are divided into 2.55m for Vertex Trading incentives and 450k for Elixir Liquidity Incentives1.

The protocol's performance metrics were also shared, with the average daily Total Value Locked (TVL) at $25,360,000, daily transactions averaging 26,550, and daily volumes at $235,714,000. The number of unique user addresses was 1,662, and transaction fees amounted to $332,9091.

How is the community reacting?

The community's reaction to this update is not explicitly mentioned in the summaries. However, the increase in taker activity and the number of unique user addresses suggest a positive response to the incentives introduced by the Vertex Protocol.

Why this is positive?

The Vertex Protocol's incentive plan has successfully stimulated taker activity, as evidenced by the growth in daily transactions and unique user addresses. The protocol's performance metrics, such as the average daily TVL and transaction fees, also indicate a healthy and active ecosystem. The planned distribution of 500k ARB for the next two weeks is expected to further incentivize user participation1.

Why this is negative?

There are no explicit negative aspects mentioned in the summaries. However, it's worth noting that the change in the distribution schedule from the original plan might not be well-received by all community members. Additionally, the sustainability of the incentive model could be a concern if the protocol's performance metrics do not continue to improve.

Posted 19 days ago

Last reply 19 days ago

Summary updated 18 days ago

Last updated 06/12 00:44