> For the complete documentation index, see [llms.txt](https://docs.vela.exchange/vela-knowledge-base/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vela.exchange/vela-knowledge-base/exchange/staking/usdvela-and-usdesvela.md).

# $VELA and $esVELA

## Provide Liquidity

VELA can be provided as liquidity to AMM partners, such as [Camelot ](https://app.camelot.exchange/protocols/vela-exchange)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](/vela-knowledge-base/exchange/staking/rewards.md#trading-fee-discounts) 
2. Earn 30-45% ([Read More](/vela-knowledge-base/exchange/staking/rewards.md#esvela-staking-rewards)) of the total fees in USDC generated by the perpetual exchange fees 

## 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

<figure><img src="/files/eFyVJBJqzfQphkrQ99h7" alt=""><figcaption><p> </p></figcaption></figure>

{% hint style="info" %}
Choose how quickly you'd like to vest your tokens in order to determine the percent burned and overall vesting duration
{% endhint %}

$$
claimableVELA = \frac{initialAmount\*timeElapsed}{vestingPeriod} \* (1-burnPercent)
$$

$$
claimableESVELA =initialAmount\*(1- \frac{burnPercent\*timeElapsed}{vestingPeriod})
$$

$$
burnedVELA = initialAmount – claimableVELA - claimableESVELA
$$

$$
timeRemaining = startTime+vestingPeriod-currentTime
$$

$$
timeVested=currentTime-startTime
$$

See below a simplified breakdown the flexible vesting schedule and amount of Vela burned in the process:

<figure><img src="/files/zp7okXmjMcy0DsYh8HCh" alt=""><figcaption></figcaption></figure>


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.vela.exchange/vela-knowledge-base/exchange/staking/usdvela-and-usdesvela.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.