A new player in the decentralized perpetual space.
Vela Exchange is one of the newest decentralized perpetual exchanges to join the hot trend since the FTX meltdown. $VELA recently launched on the Arbitrum blockchain in Jan 2023, but formerly migrated from a project known as Dexpools $DXP, which was mainly a short-lived OTC peer-to-peer platform. The exchange's tokenomics and rewards structure seem to be designed well. The roadmap includes perpetual trading, spot trading, and an OTC peer-to-peer platform.
I have recently used this platform. Anonymously depositing $USDC and opening a leverage position on BTC could not have been easier or faster! This project looks exciting and promising, and I will do full deep-dive reviews during the week, so stay tuned! Show Less