Traders are taking back power of CEX and @vela_exchange seems like a solid contender in the perp #DEX space.
People asked me to investigate, so here it is:
/1 Quick Summary
• Will support crypto, forex, and more assets
• Leverage backed by stablecoin vault
• Staking and platform rewards
• CEX like UX and notifs
• Solid partnerships and ambassadors
• Rebrand $DXP > $VELA
• Public Beta: 01/18
Now let's dive deeper:
/2 Description
Vela a self-custody driven spot & perp DEX aiming to bridge the gap between CEXes & DEXes.
• Faster & more transactions
• Lower transaction fees
• Higher level of security
• Less energy consumption
• High scalability and efficiency
• Hashgraph doesn't use mining unlike blockchain does.
• Uses digital signatures to verify transactions, so they cannot be copied or faked by any person or computer.
• Patented algorithm instead of open-source
I see trading as a game you can dominate and win. Technical analysis is not enough, you should also understand game theory. Here's what I mean:
/0 Emotions
In the game of trading, your emotions can lead. But to be able to trade effectively, you have to manage your feels and follow the rules of the game. It isn't easy to trade logically unless you understand how the game is played.
/1 Basic Concept Of Game Theory
The prisoners dilemma. Imagine two parties, both facing prison for a crime. If one confesses, the other will go free. If no one does, they will both serve 7 years. If both do, they serve a lenient sentence.