Vela Exchange
The Vela Exchange team is committed to building the next frontier of decentralized finance. Empowering DeFi traders with fast execution, cheap transactions, advanced trading features and self-custody.
Integrations
Vela Exchange Announces Platform Shutdown
Mon 28th Oct 2024
**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.*
Vela Exchange Grand Prix Season 4 Early Wrap-up
Thu 24th Oct 2024
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.
