- By adopting Chainlink’s technology, Vertex ensures high security and quick data delivery, crucial for DeFi protocol operations.
- Vertex collaborates with leading crypto figures, aiming to advance smart contract development and improve DeFi user experiences.
Vertex, an Arbitrum-based decentralized exchange (DEX) known for trading in derivatives and digital assets, has recently integrated Chainlink Data Streams into its mainnet. This move is aimed at enhancing the speed and security of its trading operations.
.@vertex_protocol has integrated #Chainlink Data Streams on @arbitrum to help liquidate undercollateralized positions and calculate funding rates.
How Data Streams powers a safer, faster, and user-first trading experience ⬇️https://t.co/QW4qZx7eBO pic.twitter.com/PfT0stUDLU
— Chainlink (@chainlink) April 18, 2024
Vertex Utilizes Chainlink Data Streams
Chainlink Data Streams is recognized for providing fast and accurate price data, a critical element for DEX operations that require rapid response times due to the volatility of cryptocurrency markets. This technology supports Vertex’s need for quick data to manage and execute transactions effectively, including the liquidation of undercollateralized positions and the computation of funding rates.
Importance of Accurate and Fast Data
Accurate data is crucial for DeFi protocols, especially those like Vertex that deal with derivatives markets, which are highly sensitive to price movements. The integration with Chainlink’s oracle solution enables Vertex to enhance its operational capabilities by providing data that is essential for maintaining transaction integrity and platform reliability.
Security and Performance Objectives
In selecting Chainlink Data Streams, Vertex prioritized a solution that could offer rapid price updates and maintain high security standards to prevent potential market manipulation. This infrastructure allows Vertex to deliver a trading experience that rivals centralized exchanges in terms of transaction speed and settlement efficiency, while also meeting the security requirements of Web3 standards.
Vertex’s Development and Future Goals
Founded by experienced professionals from both traditional finance and decentralized finance sectors, Vertex was developed to address the need for more dynamic interactions within the DeFi space.
Utilizing the capabilities of the Arbitrum blockchain, Vertex has positioned itself as a leader in smart contract development and market innovations. The platform continues to collaborate with prominent names in the crypto world to expand its offerings and improve user experience.
Darius Tabatabai, Co-Founder of Vertex, highlighted the importance of the integration, noting that it significantly enhances the platform’s ability to secure economic transactions in a market known for its high volatility and use of leverage.
Chainlink (LINK-USD) is currently trading at $15.26, with a recent gain of 2.04%.
