Verus

Verus just secured $40,000 in funding by winning the @arbitrum Open House Buildathon Huge thanks to the Arbitrum team for backing the future of best execution We’re only getting started, next stop: London for Arbitrum’s Founder House P.S. Want early access and a say in shaping Verus? DM us or drop a comment

@botivex You can see where your funds are on the Verus frontend After recent feedback, we will also explore adding a feature where users can toggle what DEXs they want to be considered, e.g. just Hyperliquid and Lighter

@TradeVerus How do we know where are money is at any moment. What if one gets compromised and most of our money is on their platform. Does risk to reward ratio scale to both ends or its just 5x more risky with slight upside?

Dear Hyperliquid user, We know you love $HYPE and that it's made you a lot of money. We know the liquidity is deep, the UX is clean, and you've become loyal to the platform. However. Hyperliquid is not the best venue for executing every perp trade. The fees can eat into your total execution cost for small trades, it doesn't support all markets, the slippage might be high on less popular markets, or maybe it doesn't have enough leverage for your degenerate trading strategy. That is why we built Verus. Verus aggregates 5 perp DEXs: @HyperliquidX, @Lighter_xyz, @GMX_IO, @Ostium, and @OrderlyNetwork. You hold just one account balance which is automatically routed to whatever venue gives you the best all-in price for your desired trades. More markets, more leverage, more savings. We aren't asking you to abandon Hyperliquid, we are solely asking for an opportunity to save you money by trading on perp DEXs that give you the best deal (which may still be Hyperliquid). Sincerely, Verus.

@Sakrexer Thanks for the feedback, understand the concern. We will explore adding a feature where users can toggle what DEXs they want to be considered, e.g. just Hyperliquid and Lighter

I don’t trust any of the shady venues you mentioned and would not want my money on any of these exchanges as the risk is wayyyyy too high (see e.g. ostium hack) I happily pay a small but maybe higher execution fee on Hyperliquid (than somewhere else) if my assets are safe :) I don’t feel the need to use any other exchange than Hyperliquid.

@ustyianskyi Thanks for the shoutout!

Fresh alpha right here I've known about @TradeVerus for a while now, and the more I look into it, the more I like what they're building. They're a DEX aggregator that routes your trade to whichever venue offers the most favorable execution at that moment: - Hyperliquid - Lighter - GMX - Ostium - Orderly Network I also wouldn't be surprised to see more DEXs added over time. Verus is still very early, but they've already received an Arbitrum grant (the one I mentioned recently). The team gave me 5 invites, so I'm happy to share the link. app.verusapp.io/?ref=YVMAS7C6

@0xSKURT @keys0321 For reference, we don't currently charge any fees on top of exchange fees We want to build a good product and fully understand how much we save users before we explore the idea of implementing our own fees

@TradeVerus @keys0321 Yeah yeah, we’ve seen this before with VOOI. We all know how that ended You’ll just farm fees on top of fees while people keep hoping for a peanuts airdrop + a Legion ICO allocation We’ve heard that story before 🤷‍♂️

@itsggxwp We love Hyperliquid, there is no shade. Just trying to give people best execution for every single trade they do which factually isn’t always on Hyperliquid.

Every new player who shade hyperliquid always fails to deliver something better than hyperliquid. All you guys get is some post impressions and maybe a few dollars from Elon.

@brave_raf Yessir

@TradeVerus so very is more like a perp DEX aggregator yeah

@NaveenCypto We currently charge 0 additional fees on top of the exchange fees

@TradeVerus Whats the fees

@Ter20A There is no hate to Hyperliquid, we love what they’ve built

@TradeVerus The sheer fact that you are promoting something by hating Hyperliquid or any other for that sake is a huge Ignore for me. And btw after reading your post I cannot even name or remember the thing you wanted to promote - was that your goal?

@Stupifff A new account is created across each venue which is owned by your Verus account 🫡

@TradeVerus Is the volume done by the user owned wallet itself? Asking for points farming reasons, especially when you add other Perps with upcoming TGE

Appreciate the insight and feedback From our testing there has actually been significant differences in what venue is the best over time and it highly fluctuates with position size and the market you are trading (e.g. RWAs have much thinner liquidity and thus are more variable) Also as mentioned by you liquidity and fees play a big role where HL might have better liquidity but is closely rivaled by Lighter due to Lighter's fees. Verus also provides you a savings history to prove the value of the product. Another hidden benefit is that an aggregator supports more markets than a singular venue like Hyperliquid Giving away alpha about splitting positions I see, we plead the 5th on that on that being on the roadmap Sorry, wrote a whole essay in response as required and had to give you a good amount of WL as required

neat builder app built by @flb_xyz that aggregates hyperliquid, lighter, ostium, GMX and orderly and routes your order to the DEX with the best quote it gives you an embedded wallet so that it automatically handles the collateral deposit/withdraw between DEXs for you my take on perp aggregation is that, unlike spot aggregation, there isn't really a point to it because the DEX with the best quote doesn't really change over time -- whichever DEX has the best liquidity or lowest fees has the best liquidity or lowest fees for a long time the first to try this was @LogX_trade and even back in 2023 before hyperliquid was hyperliquid, I remember that hyperliquid was always the best quote that being said, I haven't revisited this take in 3 years at this point and I'm happy to be proven wrong. I've tried it a little bit and it's been pretty seamless so far they plan to add smart order routing in the future so that instead of just sending your order to one DEX, it will dynamically split your position across multiple DEXs this is the stronger use case imo, especially at large clip sizes aside from execution, it's nice to use several DEXs from 1 UI (can't wait for the @variational_io write API) and they have some nice bells and whistles like projecting how much you'd earn in funding over a given time period, something I've only seen on the @tradexyz UI like the tradexyz UI, verus does not charge builder fees and they rely on DEX referral rewards for revenue rn it's very early and the app requires a whitelist FLB is one of the guys I trust most on CT and he's one of the OG perp DEX accounts, so I expect him to cook anyone using my code will be automatically whitelisted, as required. app.verusapp.io/?ref=C39T3MGU

Appreciate the insight and feedback From our testing there has actually been significant differences in what venue is the best over time and it highly fluctuates with position size and the market you are trading (e.g. RWAs have much thinner liquidity and thus are more variable) Also as mentioned by you liquidity and fees play a big role where HL might have better liquidity but is closely rivaled by Lighter due to Lighter's fees. Verus also provides you a savings history to prove the value of the product. Another hidden benefit is that an aggregator supports more markets than a singular venue like Hyperliquid Giving away alpha about splitting positions I see, we plead the 5th on that Sorry, wrote a whole essay in response as required and had to give you a good amount of WLs as required

@hypurrexe Hyperliquid.

@TradeVerus Hyperliquid.

P.S. Here are 10 invites: app.verusapp.io/?ref=JBJKWEVY

@ethereuminsti @ethereum Huge

1/ We’re excited to announce the close of @ethereuminsti's initial ecosystem funding round and supporter coalition, with broad participation and support from individuals and entities focused on driving institutional adoption of @ethereum. Our ecosystem funding round is anchored by @BitMNR, @Sharplink, Ethereum co‑founders @ethereumJoseph , and @MihaiAlisie, alongside a larger group of individuals and crypto‑native institutions.

@ustyianskyi @liquida1 @TheRiskProtocol @edenfi_onchain @equitylayer Thanks for the spotlight ser

Arbitrum highlighted a bunch of early projects, and somehow nobody is talking about them @Liquida1 - regulated collateral rail for UK government bonds @TheRiskProtocol - risk layer for crypto markets @edenfi_onchain - money app for Africa and the diaspora @equitylayer - programmable equity infrastructure for startups @agamafinance - RWA yield infrastructure @AlphaGridProp - decentralized AI-powered prop trading CanHav Research - AI platform for navigating DeFi markets @ReineiraOS - accountability layer for AI agents @ClearstoneHQ - smart contracts, software and rails for banks @Xeno_Money - Stablecoin Native Card Network @tortuga_estate - Institutional-Grade Real World Assets On Blockchain @TradeVerus - Providing the best execution for any perp DEX trade through automated order routing This is exactly why I like hackathons and grant programs. You immediately know that these teams will receive support to continue building, rather than disappearing after launch. If you're interested, I'll start covering more hackathons, grant programs, and accelerator winners.

@Gyokeres_eth never

@TradeVerus can't stop cooking ehh

Perp traders lose millions every year by trading on the wrong venue That doesn't have to be the case. With Verus you simply enter a desired trade on one of the 100+ available markets (crypto, stocks, commodities, etc) and it is automatically routed to the best perp DEX for that trade You never have to select a venue. You never have to worry if you're getting the best price. Verus.

Very understandable question. We are already doing a lot different to VOOI: - We have a much more inclusive and granular cost simulation model, i.e. better execution - We produce a savings receipt for actual showcasing of what you saved by trading on a venue - We don't currently charge additional fees, VOOI and other protocols like Liquid often charge 2-5bps on top of the perp DEX fees which can lead to worse execution than just trading on one venue by yourself There are numerous things on our roadmap that will further differentiate us as well (can't share too much here)

@TradeVerus @HyperliquidX @Lighter_xyz @GMX_IO Hey guys, genuine question: How are you going to do differently than @vooi_io, who didn't find PMF except "it's Binance VC, so it's Aster 2.0"? They already tried this perps aggregator product. Really curious!

Traders shouldn't have to worry about slippage, execution fees, funding costs, etc. The UX should be simple: Click one button. Get the best execution. This is what Verus is delivering for perps, with 5 venues already live: > @HyperliquidX > @Lighter_xyz > @GMX_IO > @OrderlyNetwork > @Ostium

@Henrik_on_HL Just use Verus (including Hyperliquid)

Hyperliquid just reached its highest Open Interest since the 10/10 crypto crash last year!