FAQ

Have questions about how VDEX works, trading perps, or using omnichain collateral? Our FAQ section provides quick answers to the most frequently asked questions, helping you get the information you need—fast.

Answers to Your Most Common Questions

What will happen to the points that we earned from the expansion games in our Virtual labs wallet

Virtual Point will be converted to VDEX token. Virtual Point is different from VPoint - the reward system for VDEX's users

What will happen to the points that we earned from the expansion games in our Virtual labs or Will there be a governance token for VDEX?

$V is the official governance token of Virtual Ecosystem

What will happen to the points that we earned from the expansion games in our Virtual labs or Are there plans for staking, yield farming, or other incentives?

Our platform is a degen’s playground—trade with up to 50x leverage, provide liquidity to vaults, and earn competitive yields. Plus, plenty of campaigns are coming—stay tuned!

Is there an insurance fund in case of smart contract exploits?

The security measures to protect users' funds include:

• Full self-custody trading

• Decentralized smart contract

• Advanced encrypt

• Multi signature wallet

• Real-time monitoring and alert

Read more : Here

Has VDEX been audited?

Yes, VDEX has been audited by Halborn, a reputable blockchain security firm. The audit helps ensure that VDEX's smart contracts, protocols, and infrastructure are secure, reliable, and free from critical vulnerabilities.

How does VDEX handle slippage and impermanent loss?

VDEX's powered by ZK State Channels that provides a highly efficient, secure, and user-friendly trading experience. By enabling submillisecond finality, it eliminates slippage and impermanent loss, making it an attractive option for traders and liquidity providers alike. This approach combines the benefits of off-chain scalability with the security and transparency of blockchain technology.

How is collateralization calculated, and what happens in case of liquidation?

VDEX displays the liquidation price and margin required to help you track your position's health.

Will there be a platform for lending and borrowing on the DEX?

No, VDEX does not currently have lending and borrowing solution. However, the team will consider it in the future

What oracle is used to fetch market and price data?

VDEX uses Supra Oracle to fetch real-time market and price data. Supra Oracle ensures reliable price feeds for trading, collateralization, and liquidation, maintaining a trustless and efficient system.

Who funds the liquidity on VDEX?

Liquidity on VDEX is crowdsourced and open to everyone, including market makers, KOLs, traders, and individual users, allowing anyone to become a liquidity provider, fostering a decentralized and vibrant trading ecosystem and earn competitive

Is VDEX a mixed AMM with an order book or mainly AMM based?

We don't mix between AMM and orderbook. We use Decentralized Limited Orderbook

Is the virtual wallet going to be needed on VDEX?

No, a virtual wallet is not needed on VDEX. Instead, you can connect your Meta Mask wallet directly to the platform.

Who takes care of the gas settlement on the underlying chain? Depositing funds from an EOA wallet onto VDEX will require gas fees?

VDEX is powered by ZK State Channels, which enable zero-gas transactions for users. In this system, transactions occur off-chain within the state channels, eliminating the need for users to pay gas fees directly. The gas settlement on the underlying blockchain is handled automatically by the protocol, so users don’t need to worry about gas fees. However, deposit and withdraw still require gas

What are the incentive mechanisms/structures for users who create liquidity on VDEX?

upto 30%