PRESS RELEASE. After a two month beta launch that put Vela Exchange on the DeFi community’s radar, the newcomer perpetual DEX on Arbitrum is now moving quickly towards their official launch, with early access opening on June 26th, 2023 and public access starting on June 28th, 2023.
Vela Exchange Unveils Next-Gen Perpetual Trading Platform On Arbitrum
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Press release
Vela Exchange’s momentum during beta showcased the power of their community and trading platform, resulting in over:
- $5.5 billion in trading volume
- daily ATHs eclipsing all other perpetual DEXs in fees and trading volume
- 50k+ active wallets
- 50m+ USDC TVL locked in VLP vaults
The results were all the more impressive given the limits set on beta: low OI allowances, increased fees to prevent front-running, and decreased leverage options to 20x.
Beta feedback and data is resulting in major enhancements across the platform, including but not limited to:
- Smart contract updates to enhance price feeds, increase decentralization, reduce front-running vectors, improve fee structures, and address VLP calculations
- Industry leading features including 1-click trading, flexible charting tools, social trading, and advanced analytics
- Multi-region language support improvements
These features will be rolled out to early access participants first for in-depth testing before public launch goes live.
Incentives will also be rolled out for all public launch participants:
- Red / Blue pill system for beta participants
- Hyper VLP v2 (bonus incentives for VLP minters)
- Official launch airdrop
Official launch schedules have been released and new updates will be shared via official channels, including Discord, Telegram, and Twitter.
Launch partners building on VLP/VELA and other integrations include:
- Axelar for multi-chain bridging directly into the Vela ecosystem
- Squid for multi-chain routing(built on AXELAR)
- Pyth for real time price feed oracles
- Graph Protocol for indexing and querying blockchain data
- GND for Uniswap liquidity incentives
- Ramses for alternative liquidity source and incentives
- Camelot for concentrated liquidity → VELA/ ETH pool
- Bitkeep for alternative wallet support
- FactorDAO building multi-strategy vaults including both VELA and VLP
- Silo Finance for VELA lending and borrowing markets
- OpenOcean for spot swap VELA ecosystem tokens directly on the application
- Vaultka and Seashell for minting VLP with leverage
- Pendle for minting VLP at a discounted rate
- Twister Finance for VLP lending and borrowing markets
- Rodeo VLP farms
- Dolomite for VLP lending and borrowing markets
- Swissborg for [REDACTED]
Given the beta traction, incentives, and launch partners, Vela Exchange is poised for an exciting official launch and exponential growth as traders experience the expansive perpetual trading ecosystem built by veteran DeFi natives.
To learn more, visit the Vela Exchange community channels on Discord, Telegram, and Twitter.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
