Step 1: Go to the Quest
Find Vela Exchange quests at https://rabbithole.gg/quests or if you have the links to them, just use them directly. They are the ones with Vela's logo.
Click on the quests, and switch to the required networks.
Then, click 'Start Quest' to go to Vela exchange (https://app.vela.exchange/trade).
Step 2: Trade on Vela
Once you're on the dApp, connect your wallet and deposit collaterals (coins/tokens) into Vela. Click the "Deposit" button on the top right.
A list of coins/tokens will appear.
Now, go back to the quest page and check "Action details".
This quest's creator allows you to trade with any token, any amount, and any order type. It means you can deposit any token on the list of the previous step.
However, you must deposit more than $20 worth of assets because that's the minimum size of each position on Vela Exchange.
After checking the requirements carefully, input the amount you want to trade and approve the transaction.
Then click "Deposit" and sign a transaction.
Once the transaction is executed, it will be reflected as shown below.
Now, open any position, either Long or Short, Market or Limit, etc.
I will open a Market Long position with a value of $21 by inputting "21" into the Collateral field. The leverage will be x2.
If you are familiar with trading platforms, toggle the "Take Profit" and "Stop Loss" buttons below to get advanced settings.
Or else, just click the big blue "Long" or "Short" button below and confirm to create a position.
The order can be found in the "Open Positions" section at the bottom.
Step 3: Finish Your Quest
Now that you made a trade on Vela, go back to RabbitHole to receive your rewards. Click "COMPLETE QUEST" to get your rewards.
NOTE: remember to manage your position. You can leave it like that or close it to avoid a loss.
Closing it by going back to Vela Exchange and clicking on X button next to your position.
Now, input the amount you want to close (100% if you want to close it completely) and click "Close Position".
Sign a transaction and wait. It can take some time.
And finish! You can withdraw your funds at any time by going to your account dashboard on the top right.
Click "Withdraw".
Input the number, click the blue "Withdraw" button, and sign a transaction.
Conclusion
That's how you earn rewards with Vela Exchange quests on Rabbithole! If you have any problem, feel free to reach RabbitHole team at https://discord.gg/rabbitholegg for support!