vDEX V1 MVP Testnet Goes Live on Sei Network
TThe moment has arrived! We’re thrilled to unveil that the vDEX V1 MVP Testnet is now operational on the Sei Network.
A heartfelt thank you 🤗💗 goes out to our community for your unwavering support and patience as we embarked on this crucial upgrade journey for vDEX.
Our journey over recent months has been transformative; in V1, we’ll focus on community to elevate vDEX beyond the competition and secure its future.
✨ Elevating the SEI DeFi Landscape
- Advanced Trading Instruments: With the introduction of AI perpetual options, dual investment products, and synthetic trades, vDEX offers unmatched control and versatility in trading.
- High performance: Speed, Integrity, and Reliability (https://blog.sei.io/vdex-joins-forces-with-sei/)
- Unique Tokenomics: The VDX, VGO, and VLP tokens not only facilitate governance and incentivize liquidity but also align interests within the vDEX ecosystem, promoting sustainable growth.
📦 What’s new I?
Apart from revamped UI, overhauled architecture, and upgraded tokenomics, V1 will feature two liquidity pools designed to cater to diverse trading needs and preferences.
- Blue Chip Liquidity Pool: Inspired by the success of platforms like GMX, this pool focuses on providing liquidity for blue chip tokens, SEI, and stablecoins, offering Swaps, Perps, Dual Investment, and AI Perpetual Options for established cryptocurrencies.
- High Fluctuation Liquidity Pools: Tailored for the Sei community, they are dedicated to leveraged perp trading of meme coins and other high fluctuation SEI community tokens.
Unlike our old designs that are conservative to change, multi-pool is scalable and will become more powerful as the model/partnership expands.
📦📦 What’s new II?
We’ve always said Dual Investment (DI) is a structured options product and an excellent hedge for LPs, but more is needed.
An LP delta-neutral perp pricing mechanism + arbitrage hedging marks a pivotal evolution in how LPs’ investments maintain 100% delta-neutral and introduced vDEX’s arbitrage opportunities.
- By maintaining a perp position that is neutral to market movements, LPs can significantly reduce the impact of volatility, thus dramatically elevating their portfolio’s Sharpe ratio (risk-adjusted return).
- It opens the door to arbitrage opportunities across the market; arbitrageurs, recognizing price discrepancies between vDEX’s perpetual contracts and external market prices, are drawn into the ecosystem. This inflow of arbitrage trading increases liquidity and stabilizes prices on vDEX, benefiting all participants.
This mechanism’s design, particularly vDEX’s arbitrage-seeking perps’ pricing formula, ensures continuous alignment with real-market values, encouraging efficient market corrections and hedging LPs’ position.
Join our Discord for real-time support and to share your feedback!
Sei MVP Beta: vdex.ai
Demo: https://www.vdexai.live/
Twitter: https://twitter.com/vdex_ai
Discord: https://discord.gg/eXnqdDuFDd
Medium: https://medium.com/@vdex-ai
GitHub: https://github.com/lumos-defi
