Vertex will shut down its existing DEX and migrate to Kraken's supported Layer 2 network Ink

According to The Block, the decentralized trading platform Vertex will shut down its existing deployment based on Arbitrarum and rebuild DEX on Kraken's Layer 2 network Ink, while the native token VRTX will gradually be phased out. On July 8th, the snapshot will determine the eligibility for INK airdrops, and VRTX holders will receive an initial supply of 1%. The Ink Foundation will receive its order book, perpetual engine, and lending technology to accelerate the construction of on chain capital markets.