$VELA and $esVELA

Provide LP

VELA can be provided as liquidity to AMM partners, such as Camelot on Arbitrum to earn APR from swap fees and market making. Additionally, VELA can be converted to esVELA in order to access rewards outlined below.

Staking Rewards

esVELA can be staked to earn rewards from platform activities. The rewards share is based on the total sum of esVELA that is staked with the protocol.

Staked esVELA entitles users to the following benefits:

  1. Receive discounted trading fees as per the fee discount table

  2. Earn 15% of the total fees in USDC generated by the perpetual exchange fees

Reward Cycle 0 will pay out a fixed amount of esVELA rewards for VELA & esVELA stakers.

Vesting $esVELA

Users can deposit $esVELA into the vesting contract in order to claim the same amount of $VELA. This is unlocked continuously throughout 6-month linear vesting period. $esVELA that is staked for vesting cannot earn rewards.

$esVELA Contract Address: 0xeFD5A713C5bd85e9Ced46070b2532E4a47a18102

Choose how quickly you'd like to vest your tokens in order to determine the percent burned and overall vesting duration

TokenFarm

The TokenFarm contract is for staking and vesting, and has a hard coded max limit for staking cooldown duration of 4 weeks and a max vesting duration for $esVELA of 700 days.

The TokenFarm contract rewards are loaded in specific intervals by the Vela team. In a scenario where a Tokenfarm contract runs out of rewards, all attempts to claim will fail.

TokenFarm contract: 0x60b8C145235A31f1949a831803768bF37d7Ab7AA

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