esVELA
Vela
0%
APY
FAQ
Vela Exchange is a non-custodial decentralized perpetual exchange with scalable infrastructure. It aims to reduce slippage, offer flexibility in asset investment, and provide community-centered incentives.
VELA is a utility token within the Vela ecosystem. Staking VELA on Vela Exchange will enable users to earn esVELA rewards and receive a portion of the exchange fees in USDC.
esVELA is an escrowed VELA, a vesting token for VELA Exchange. Users can either stake esVELA for more esVELA or choose to stake their esVELA in a vesting pool to unlock their esVELA into VELA.
Vela uses a portion of perpetual fees — collected in USDC — to buy back VELA in the open market, and redistributes the bought VELA as esVELA to VELA stakers.
You can go to Trade ⇾ Swap to swap your tokens for VELA.
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