Emissions bootstrap it.
Fees keep it.
Vertex Alpha is a ve(3,3) spot DEX engineered around the one problem that kills forks: fee revenue to lockers has to converge toward emissions, or liquidity leaves the moment farming stops. That convergence is the design target, not an afterthought.
Preview. No wallet connection, no live contracts. Access list is illustrative only.
Four surfaces. One flywheel.
Solidly / Velodrome / Aerodrome lineage: open-source, audited, built to bootstrap liquidity with emissions, gauge voting, and an incentive market. Every locked veNFT directs emissions and earns the fees it votes for.
Six pairs at genesis.
| Pair | Type | Gauge |
|---|---|---|
| HYPE / USDC | Volatile | weight · TBD |
| USDT0 / USDC | Stable | weight · TBD |
| stHYPE / HYPE | Stable | weight · TBD |
| UBTC / USDC | Volatile | weight · TBD |
| UETH / USDC | Volatile | weight · TBD |
| VXA / USDC NATIVE | Volatile | weight · TBD |
Structured-yield vaults, aligned by first-loss capital.
The v2 product, shipping later with its own audits and legal wrapper. Non-custodial by construction: depositors keep custody, strategies run on-chain.
Funding-rate capture, low-leverage strategies, diversified exposure. Managers are required to post first-loss capital in their own vault. Aligned co-investment, not gambling with other people's money.