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Vela Exchange is a decentralized exchange designed for advanced perpetuals trading, community-driven incentives, and scalable infrastructure. The Vela Exchange trading platform aims to deliver stronger potential than centralized exchanges by offering fair and equal access to platform rewards, keeping users in self-custody of their assets, and removing the need for a centralized clearing house. At present, Vela Exchange enables perpetual futures trading, and plans to add spot, OTC, and other marketplaces soon.
Vela Exchange is backed by a token setup built to support community member rewards and additional utility. VELA serves as the main utility token in the Vela Exchange ecosystem. VELA/eVELA can be staked to receive a portion of fees distributed as rewards. This rewards share is determined by the combined total of VELA and eVELA staked.
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