crazydrops.eth | ䷐ Vela Exchange on Beta

• What is Vela Exchange ?

⎘“Vela Exchange is a decentralized exchange with advanced perpetual trading capabilities, community-focused incentives, and scalable infrastructure

Vela users engage in trading of derivatives and leveraged contracts using a liquidity pool that is supplied by liquidity providers. This pool is made up of deposits in USDC and minted VLP tokens. The VLP tokens allow traders to take on leveraged positions, with the holders of these tokens profiting when traders incur losses and the reverse also being true.”

• What makes Vela unique ?

💡Vela also has a strong emphasis on community involvement and incentives. The exchange offers rewards for participating in liquidity provision and also features a governance model allowing users to vote on platform decisions.

🚀Moreover, Vela boasts scalable infrastructure with high-speed trading and low latency, making it a top choice for professional traders.

Overall, Vela provides a comprehensive trading experience with a focus on community, diversity, and high performance.

Additionally, Vela also provides its users with an attractive rewards program. By staking $VELA and $VLP, stakers can earn a significant portion of the platform's revenue, up to 75%! This incentivizes users to actively participate in the growth and success of the platform. The team behind Vela has leveraged the strengths of GMX to provide enhanced utility for its $VELA holders.

⎘ “Tagging @Camelot is a recently launched project that has been attracting attention for its innovative approach , which sets it apart from other projects and highlights its commitment to delivering results.”

vela exchange developed rewards programs and Airdrop, particularly for early participants, to incentivize its users and build a strong community. The Hyper VLP event, which aims to bring more liquidity to VLP, offers attractive APR rewards in $VELA, providing an opportunity for users to earn even more. With its focus on community and user incentives, Vela is dedicated to driving growth and value for its stakeholders.

Vela Exchange has certainly been making waves with its innovative Hyper VLP event and generous rewards program. It's great to see that it has already attracted $4.5 million in TVL from beta participants and is delivering high APRs ranging from 171-51% depending on the tier. (Tier : How early you are )

• How to qualify for Hyper VLP Reward ?

⎘ “To be eligible for the Hyper VLP Reward program, you must have applied for early access and been selected for it“

Dates to note :

Round 1 : 31 January

Round 2 : 3 February

Round 3 : February 7th ( Now 8)

Open Beta : Finally, on February 9th, opening up the beta to everyone

• Now How to get $Vela Airdrop

“Few months ago Vela announce they will do airdrop for all beta participants, The exact details and amount of the airdrop will likely be provided by the Vela team closer to the time of the event. “