Vela Exchange Grand Prix Season 4 Early Wrap-up

🏎️ Last Lap for Season 4

By Vela Exchange
Oct 28, 2024, 5:14 PM
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Vela Exchange announces early conclusion of Grand Prix Season 4.​ Round 6 rewards are now available for claiming through the platform's prize portal.​

Key Points:

  • Rewards claimable at app.​vela.​exchange/prizes/grand-prix
  • Support available via Vela's service desk
  • Next season announcement pending

The season featured weekly rounds with 50,000 $esVELA prize pools, where traders earned credits through:

  • Daily Missions
  • Trading Streaks
  • Nitro Boosts
  • Black Market Deals
  • Positive PnL performance

Visit the prize portal to claim your rewards.​

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Vela Exchange Announces Platform Shutdown

**Vela Exchange** has announced the shutdown of its DeFi platform due to market conditions and slower user adoption. Key points: - Platform will cease operations on October 31st - New positions blocked as of October 24th, 2PM EST - All open positions must be closed before October 31st - VLP holders: 48-hour lock period, followed by fee-free withdrawals - Company pivoting to technology licensing and white-label solutions *Users should close positions and withdraw funds immediately. VLP withdrawal fees drop to 0% on October 26th @ 2PM EST.*

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