VertexMicro-cap

Vertex receives a C+ risk grade (42/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — fast and capital-efficient, but the centralized order matcher is a single point of failure during the moments that matter most A hybrid exchange on Arbitrum that combines a traditional order book with an automated market maker for spot, perpetual, and lending markets. It manages $100M in deposits with $8.5M in funding. Its C+ grade reflects the risk that its off-chain order matching system is a single point of failure -- if it goes down during a crash, your positions are stuck.

The key risks identified for Vertex are: (1) The order matching system runs on a single off-chain server -- if it goes down during a market crash, you cannot close positions or stop losses (2) One liquidation can cascade across your spot, futures, and lending positions simultaneously because they share the same collateral pool (3) The cross-chain feature creates price gaps between blockchains that bots exploit at the expense of regular traders

Vertex scores 42/100 across eight risk dimensions: Mechanism Novelty: 6/15, Interaction Severity: 10/20, Oracle Surface: 5/10, Documentation Gaps: 3/10, Track Record: 3/15, Scale Exposure: 5/10, Regulatory Risk: 4/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.

Among 53 rated Derivatives protocols on Hindenrank, Vertex ranks #41 by safety (lowest risk score = safest). Its 42/100 risk score and C+ grade place it among the riskier Derivatives protocols.

Vertex scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.