#DEX #USDC #VELA #Perpetual #cryptocurrencymarket #Forex
Vela Exchange is a decentralized exchange with a mission to provide traders with a home base for all their crypto trading needs. Backed by the USDC stablecoin, Vela Exchange offers fully on-chain order book trading with leverage up to 100x on various assets, including cryptocurrencies, forex, and market cap.
The core element of the Vela Exchange ecosystem is the $VELA token, which can be obtained in several ways. Traders can earn $VELA by providing liquidity on supported decentralized exchanges, obtaining and holding eVELA, purchasing on supported exchanges, or through platform-specific rewards. By staking $VELA, holders can participate in platform reward shares, take advantage of various ecosystem rewards, and participate in the platform's growth.
With a carefully balanced rewards structure, Vela Exchange incentivizes liquidity provisioning and trading while managing token and rewards supply. The platform offers custom price feeds for asset prices and API endpoints and alerts/notifications for efficient and informed trading.
Vela Exchange's perpetual exchange allows traders to create long or short positions with custom risk management strategies and powerful order types. The platform offers referral management and fiat on/off-ramps, providing comprehensive trading solutions.
The long-term vision of Vela Exchange is to complete the ecosystem with additional features such as margin lending, staking as a service, and a social trading platform. Platform rewards include up to 75% of revenue distributed in USDC and eVELA to stakers, liquidity providers, and more.
In conclusion, Vela Exchange is an innovative decentralized exchange that offers traders comprehensive trading solutions. With its carefully balanced rewards structure and various ways to obtain $VELA tokens, Vela Exchange incentivizes liquidity provisioning and trading while providing traders with custom risk management strategies and powerful order types.
