👓High-Level View

Vortex actively maintains three core positions:

  1. ETH Holdings - The long - ETH Holdings are sourced from a decentralized exchange and held idle in an address.

  2. ETH Short Contracts - The short - ETH Short Contracts are collateralized in USDC and collect the Funding Rate from the decentralized derivatives exchange.

  3. Position Buffer - The safety - The Position Buffer is sourced from user deposits and held idle to ensure the ETH Short Contracts are not liquidated.

For more information, see Position Buffer

Vortex v1 utilizes MCDEX as the decentralized derivatives exchange and has been developed to accommodate their unique AMM Design.

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