Vertex sets out to create the infrastructure and mechanisms necessary to bring real-world money markets and genuine financial products on-chain.
Our vision at inception was to create a multi-currency future for Anchor.
We have since started our focus on FX markets to help realize that vision and have created:
Technology to support spot and derivative instruments
A clearinghouse capable of handling a range of trading instruments
These contracts will help enable FX trading on-chain and bring a range of composability and integration to Terra that was lacking previously.
Our Initial MVP will be a decentralized, cross-margin trading platform launched on Terra's testnet. It will support leveraged trading and liquidity providing, first for perpetuals and then margined spot.