Vela Exchange Review: Promising Derivatives Trading Platform On Arbitrum
The post Vela Exchange Review: Promising Derivatives Trading Platform On Arbitrum appeared on BitcoinEthereumNews.com. Along with the growth of centralized exchanges (CEXs), the decentralized finance (DeFi) industry has also attracted a large number of participants with huge potential. Decentralized exchanges (DEXs) are DeFi products designed to meet those needs. Among them is Vela Exchange, a product of the Arbitrum ecosystem that has been attracting the attention of the community recently. Let’s learn more about this project through the Vela Exchange Review article. What is Vela Exchange? Vela Exchange is an Arbitrum-based decentralized exchange for perpetual futures contracts and spots. Vela Exchange was formerly known as Dexpools, an OTC trading-only protocol. Since we aim to build a brighter future, the team relaunched to Vela Exchange in October 2022, keeping the OTC part but shifting the protocol to concentrate on the growing spot and derivatives trading. The exchange is carefully developed to assure asset safety and transaction speed, and the project also provides for the future expansion of options and derivatives trading capabilities. Simultaneously, Vela’s incentive system assures fair trade. As a consequence, the process of regulating token supply and incentives becomes more efficient. Moreover, this balance aids in maintaining preferred liquidity and trade provisioning levels. At the same time, because the principal is completely composed of USDC, Vela Exchange can provide a wide range of trading targets. In theory, as long as the oracle machine supports and has a certain depth, it can be traded on it. Currently, Vela Exchange provides three types of transactions: cryptocurrency (BTC, ETH, DOGE, SOL, MATIC, AVAX), foreign exchange (Euro, British Pound, Japanese Yen), and crypto market value (USDC total market value contract will be launched soon). Although perpetual trading is the exchange’s initial offering, it is aimed at providing traders with a “reliable home” for trading cryptocurrencies and other items. Items with a high degree of leverage. This objective…
The post Vela Exchange Review: Promising Derivatives Trading Platform On Arbitrum appeared on BitcoinEthereumNews.com.
Along with the growth of centralized exchanges (CEXs), the decentralized finance (DeFi) industry has also attracted a large number of participants with huge potential. Decentralized exchanges (DEXs) are DeFi products designed to meet those needs. Among them is Vela Exchange, a product of the Arbitrum ecosystem that has been attracting the attention of the community recently. Let’s learn more about this project through the Vela Exchange Review article. What is Vela Exchange? Vela Exchange is an Arbitrum-based decentralized exchange for perpetual futures contracts and spots. Vela Exchange was formerly known as Dexpools, an OTC trading-only protocol. Since we aim to build a brighter future, the team relaunched to Vela Exchange in October 2022, keeping the OTC part but shifting the protocol to concentrate on the growing spot and derivatives trading. The exchange is carefully developed to assure asset safety and transaction speed, and the project also provides for the future expansion of options and derivatives trading capabilities. Simultaneously, Vela’s incentive system assures fair trade. As a consequence, the process of regulating token supply and incentives becomes more efficient. Moreover, this balance aids in maintaining preferred liquidity and trade provisioning levels. At the same time, because the principal is completely composed of USDC, Vela Exchange can provide a wide range of trading targets. In theory, as long as the oracle machine supports and has a certain depth, it can be traded on it. Currently, Vela Exchange provides three types of transactions: cryptocurrency (BTC, ETH, DOGE, SOL, MATIC, AVAX), foreign exchange (Euro, British Pound, Japanese Yen), and crypto market value (USDC total market value contract will be launched soon). Although perpetual trading is the exchange’s initial offering, it is aimed at providing traders with a “reliable home” for trading cryptocurrencies and other items. Items with a high degree of leverage. This objective…
What's Your Reaction?
