What are the details of the Vela Exchange airdrop confirmed by the Arbitrum project?

Leo

23-02-02 16:23

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Original author: CHASE

Translated by: Leo, BlockBeats

As a Dex that has received a lot of attention and confirmed airdrops on Arbitrum, can Vela Exchange stand out among the many DeFi projects on Arbitrum? KOL CHASE, a crypto industry practitioner, wrote an article describing several major advantages of Vela Exchange. BlockBeats has compiled the following:

The first round of registration for Vela Exchange's public beta has begun. Vela Exchange is vigorously promoting its currently launched BETA version. VELA is a perpetual trading platform in the Arbitrum ecosystem, aiming to provide users with a seamless and efficient trading experience.

There has been a lot of discussion in the market recently about decentralized trading. Users are looking for a trading platform that offers self-custody of assets, permissionless trading, seamless trading experience, and decentralized governance. How will Vela stand out?

This article will introduce VELA from the following eight aspects: comparison between GMX and VELA; current BETA version; Hyper VLP rewards; repurchase model; additional features of VELA; integration of trading robots; trading pairs; Gas fees; team and partners.

GMX vs VELA, the maximum leverage in GMX is 50 times, while VELA can reach up to 100 times. In GMX, 50% of LP supports stablecoins, compared to VELA which supports 100% of stablecoins. VLP holders in VELA can also earn up to 60% of platform fees.

VELA BETA version is divided into 3 levels. The first level starts on January 31st and is aimed at early participants. It will be open to all users starting from February 9th. Testers can trade, stake, and receive specific test incentives.

During the entire testing period, BETA testers will receive VELA airdrops, and for the Hyper VLP rewards, early VLP minters will receive an additional APR of 10%-60%. This program will reward a total of up to 2.5 million VELA tokens.

For the repurchase mode, it is used to stabilize the supply of VELA. VELA is repurchased every two weeks as a reserve, which lasts for 7 days each time. In addition, VELA also has some additional functions. It is not only a perpetual trading platform, but also has many other contents in its roadmap.

VELA's additional features include reminders and notifications (via SMS or email), chat functionality, advanced tips for off-exchange traders, Dexpools (a non-custodial peer-to-peer exchange function), and the integration of the AstrabitTrading trading robot into VELA, making it one of the two largest DEXs to date.

Integrating with trading robots:

-Regarding trading pairs, VELA offers three different types of assets, trading pairs, and leverage ratios.-Crypto: BTC/USD, ETH/USD, DOGE/USD, 1-30x

-Foreign exchange: EUR/USD, GBP/USD, USD/JPY, 1-100 times.

-Market Cap: 1-30x

As for the fees, users who use VELA need to pay a certain amount of GAS fee and transaction fee. The fee for Crypto is 0.08% and for Forex is 0.008%, which is very low. Of course, traders can also pay lower Gas fees by staking VELA.

On the team side, the co-founders are: Dan | Vela and Travis Skweres; their outstanding team members and some partners and supporters, such as Arbitrum, Quantstamp, Jade Protocol, Camelot, SperaxUSD, etc.

Of course, there are also excellent advisors from various top organizations, such as Time Research, BlackRock, Quantstamp, and Moonwell DeFi.

Overall, we are living in an era where it is necessary to understand how to manage our own assets. It is time to turn towards decentralization and break free from centralized constraints, so that we can create a free and efficient trading system.