A complete thread on everything you need to know about @vela_exchange and their upcoming beta test (launching on January 18th)
One of the most bullish upcoming project on Arbitrum
#AIRDROP confirmed for beta testers 👀
🧵 Thread (1/19) 👇
One of the most bullish upcoming project on Arbitrum
#AIRDROP confirmed for beta testers 👀
🧵 Thread (1/19) 👇
What is Vela?
Vela is a rebrand and was previously called Dexpools with their $DXP token
They decided to launch Vela on Arbitrum who is one of the most promising Layer 2
You can check their thread if you want to know more about: "Why Arbitrum?" 👇
Vela is a rebrand and was previously called Dexpools with their $DXP token
They decided to launch Vela on Arbitrum who is one of the most promising Layer 2
You can check their thread if you want to know more about: "Why Arbitrum?" 👇
Vela is a self-custody (you control your assets) perpetual exchange
Vela wants to become a kind of hub for traders by offering everything they need to trade cryptos in the best conditions
Vela wants to become a kind of hub for traders by offering everything they need to trade cryptos in the best conditions
With the recent events related to CEX, traders would like to move towards more decentralised and transparent solutions
Vela's ambition is to develop in this direction by offering a service that matches what a CEX can offer for trading
Vela's ambition is to develop in this direction by offering a service that matches what a CEX can offer for trading
What to expect from vela:
• Fast transactions
• Secure trading
• High incentives for LP/traders
Rewards will be balanced to have a full control on token supply to avoid diluting it too much
• Fast transactions
• Secure trading
• High incentives for LP/traders
Rewards will be balanced to have a full control on token supply to avoid diluting it too much
Many trading features will be available, such as:
• Crypto trading up to 30x leverage
• Forex trading up to 100x leverage
and...
• Market cap/TVL trading up to 30x leverage
(Imagine you Long Arbitrum TVL after their airdrop announcement 👀)
• Crypto trading up to 30x leverage
• Forex trading up to 100x leverage
and...
• Market cap/TVL trading up to 30x leverage
(Imagine you Long Arbitrum TVL after their airdrop announcement 👀)
What about their Beta test?
On January 18th, Vela will launch their Beta test
Access to the beta will be possible for those who have registered until the beginning of January (this is no longer possible)
On January 18th, Vela will launch their Beta test
Access to the beta will be possible for those who have registered until the beginning of January (this is no longer possible)
What you can expect from public beta:
• At least 6 assets available to trade
• All trading management features available (have a look at their whitepaper to learn more about it)
• Stacking will be opened
• Significant UI/UX improvements compared to the previous alpha beta
• At least 6 assets available to trade
• All trading management features available (have a look at their whitepaper to learn more about it)
• Stacking will be opened
• Significant UI/UX improvements compared to the previous alpha beta
Beta incentives:
• Airdrop for public beta users (confirmed by Vela): beta users will receive a $VELA airdrop
• Airdrop for public beta users (confirmed by Vela): beta users will receive a $VELA airdrop
• Potential access to their Hyper VLP Rewards: mint $VLP using $USDC and earn sweet rewards from 10% to 60% APR from platform fees and trading liquidations
👉 Register now (fast): vela.exchange
The earlier you are, the more APR you will get
👉 Register now (fast): vela.exchange
The earlier you are, the more APR you will get
This is a major Vela product that will bring a lot of liquidity to the platform
If you want to know more about hyper VLP, here is a medium article that explains in detail 👇
@vela_exchange/introducing-hyper-vlp-rewards-registration-is-now-open-37f09fbe56fa" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
Basically, if you are bullish on Vela, it may be a really good play (NFA)
If you want to know more about hyper VLP, here is a medium article that explains in detail 👇
@vela_exchange/introducing-hyper-vlp-rewards-registration-is-now-open-37f09fbe56fa" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
Basically, if you are bullish on Vela, it may be a really good play (NFA)
Of course, you will also be able to stake $VELA in order to reduce your trading fees
👉 You will also have a good APR on $VELA staking (10% of perp fees as eVELA rewards / 5% of perp fees as $USDC)
👉 You will also have a good APR on $VELA staking (10% of perp fees as eVELA rewards / 5% of perp fees as $USDC)
Here is a summary on how the rewards will be distributed
What about their tokenomics and airdrop?
👉 35% of $VELA supply will be allocated to the community through different incentives
Among them: beta testers rewards 🪂
👉 35% of $VELA supply will be allocated to the community through different incentives
Among them: beta testers rewards 🪂
Apart from that, the tokenomic is healthy, the majority of tokens will be used for the community and for the protocol itself
The % of tokens allocated to the team and advisors are correct and have consistent vesting
They have planned everything to control the emission of $VELA
The % of tokens allocated to the team and advisors are correct and have consistent vesting
They have planned everything to control the emission of $VELA
What about competing protocols such as GMX?
First of all, Vela supports the idea that without competition there is less innovation
Also, it is necessary to compete with this kind of protocol if you want to launch on the most bullish L2 at the moment
First of all, Vela supports the idea that without competition there is less innovation
Also, it is necessary to compete with this kind of protocol if you want to launch on the most bullish L2 at the moment
Knowing that, here are some key points on how Vela differs from GMX 👇
• LP is 100% stablecoin backed reducing volatility and being delta neutral
• Many trading options and tools: linked orders, multiple take profit for one position
• LP is 100% stablecoin backed reducing volatility and being delta neutral
• Many trading options and tools: linked orders, multiple take profit for one position
• Vela will have fiat onboarding / offboarding integrations
• Trading fees a bit cheaper than what you can find elsewhere
• Real-time notification system
• Trading fees a bit cheaper than what you can find elsewhere
• Real-time notification system
BONUS:
They have launched two NFTs
The first one was claimable if you participated in the AMA Vela x Arbitrum
The second one if you participated in the AMA on January 11th (got mine 👀)
The team said that the NFTs will have a use case, gg if you got yours
They have launched two NFTs
The first one was claimable if you participated in the AMA Vela x Arbitrum
The second one if you participated in the AMA on January 11th (got mine 👀)
The team said that the NFTs will have a use case, gg if you got yours
This is the end of this thread
I hope you have a better understanding on how Vela will work
I can't wait to see how the project evolves
Follow me @MingoAirdrop so you don't miss next alpha
And if you can drop a RT + Like on the tweet below, I would really appreciate ❤️❤️👇
I hope you have a better understanding on how Vela will work
I can't wait to see how the project evolves
Follow me @MingoAirdrop so you don't miss next alpha
And if you can drop a RT + Like on the tweet below, I would really appreciate ❤️❤️👇
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