Thread by @ScopeDefi

Are you on the hunt for a crypto exchange that offers fast execution, cheap transactions & advanced trading features?

I’ve got you covered.

@vela_exchange is a self-custody perpetual exchange with innovative blockchain tech for fast & secure trading.

Let's dive in 👇🏼🧵 (5min)

What I will be covering in this thread:

-Perpetual Trading
-Long-term Vision
-Major Activities
-Major Activities
-Trading Features
-Leveraged Positions
-Collateral Management
-Advanced Position Management
-VELA Token

@vela_exchange is a permissionless, self-custody-driven perpetual exchange built with innovative blockchain architecture to ensure fast transactions, secure trading, and extensibility into additional synthetic options and derivatives.

Perpetual Trading

Fully on-chain order book perpetual exchange where users can create positions against the performance of synthetic assets with leverage up to 100x.

Long-term Vision

The long-term vision of @vela_exchange is to provide traders with a home base complete with everything they need to trade crypto assets and leveraged products.

Major Activities

Backing the perpetual vault and leveraged trading by minting or redeeming VL, creating or closing leveraged positions on supported synthetic asset D, managing pending or open positions with triggered orders, and staking $VELA or VLP for various ecosystem rewards.

Trading Features

@vela_exchange provides traders with a powerful platform for leveraged trading supported by robust hybrid on-chain and off-chain architecture.

Leveraged Positions

Traders may create long or short positions with up to 100x leverage on certain assets with USD as the quote currency. Positions may be created or closed based on both
spot or triggered orders.

Collateral Management

#Vela Exchange has a vault that is entirely backed by the $USDC stablecoin. Upon deposit, you are credited $USD on the exchange, which simply shows as dollars in your account.

Advanced Position Management

Traders may utilize a variety of powerful strategies set by triggers or immediate execution. Risk management has never been easier on a decentralized exchange.

$VELA Token

$VELA is the native token for the #Vela Exchange ecosystem.

Owners of $VELA may stake it to participate in platform reward shares and receive discounted trading fees.

Staking Rewards

Any of VELA, eVELA, or VLP can be staked to earn a share of fees as rewards.

Your staked tokens entitle you to discounted trading fees, eVELA from each VELA buyback, $USDC from 5% of the total fees generated by the perpetual exchange, and ecosystem rewards.

Vela Exchange combines the best of blockchain technology and proven server-hosted capabilities.

The platform is designed to provide traders with everything they need to trade crypto assets and leveraged products, and its unique rewards structure offers a balanced approach to a token and rewards supply.

Be sure to check out & follow these accounts for more updates on $Vela👇🏼:

@TheDeFISaint
@eschketit
@BartekLaBartek
@ScopeDefi
@fitforcrypto_
@CryptoKaduna
@RvCrypto
@CRyptOracl3
@Axel_bitblaze69

@TheDeFISaint @eschketit @BartekLaBartek @fitforcrypto_ @CryptoKaduna @RvCrypto @CRyptOracl3 @Axel_bitblaze69 Kindly like, and retweet this tweet to share with your audience:

https://twitter.com/ScopeDefi/status/1635966658954010628