1/ Big perpetual players like $GMX, $GNS, and $DYDX are patiently waiting for @vela_exchange's launch.
Aiming to be the best of both CEX and DEX functionality, could $DXP steal their market share?
Let's find outπ§΅π΅οΈββοΈ
Aiming to be the best of both CEX and DEX functionality, could $DXP steal their market share?
Let's find outπ§΅π΅οΈββοΈ
2/ $DXP Token overview
γ» Price: $0.45
γ» Mcap: $3m (45m FDV)
γ» ATH: $0.55
γ» ATL: $0.027
γ» Max Supply: 100m
γ» Holders: 4,500
If you're worried about FDV, head to the tokenomics breakdown for full clarity π€
Chart β dextools.io
γ» Price: $0.45
γ» Mcap: $3m (45m FDV)
γ» ATH: $0.55
γ» ATL: $0.027
γ» Max Supply: 100m
γ» Holders: 4,500
If you're worried about FDV, head to the tokenomics breakdown for full clarity π€
Chart β dextools.io
3/ What I'll cover in this thread:
1οΈβ£ What is @vela_exchange
2οΈβ£ Tokenomics
3οΈβ£ Real-Yield
4οΈβ£ Personal Conviction
PS: You can sign-up for their beta!
β vela.exchange
Let's dive inπ΅οΈββοΈ
1οΈβ£ What is @vela_exchange
2οΈβ£ Tokenomics
3οΈβ£ Real-Yield
4οΈβ£ Personal Conviction
PS: You can sign-up for their beta!
β vela.exchange
Let's dive inπ΅οΈββοΈ
4/ 1οΈβ£ What is @vela_exchange?
A DEX perpetual and spot exchange with 30x leverage.
Their aim?
Marry CEX and DEX functionality together.
They recently rebranded from Dexpools to Vela and will make their final switch once they're live on Arbitrum
A DEX perpetual and spot exchange with 30x leverage.
Their aim?
Marry CEX and DEX functionality together.
They recently rebranded from Dexpools to Vela and will make their final switch once they're live on Arbitrum
5/ Audited by Hacken, $DXP has been gaining traction in October, jumping from:
$0.15 β $0.5
However, it still sits at 3m mcap because they are not live, showing great potential to grow once they launch.
But what's all the hype about an unlaunched protocol?
$0.15 β $0.5
However, it still sits at 3m mcap because they are not live, showing great potential to grow once they launch.
But what's all the hype about an unlaunched protocol?
6/ Well, $DXP is more than just another perp. It has three main use cases:
𧑠Spot exchange for instant DEX swaps
π Perpetual exchange with 30x leverage
𧑠Peer-to-peer over the counter trading
Currently, the trading platform is in it's alpha testing - Beta coming soon.
𧑠Spot exchange for instant DEX swaps
π Perpetual exchange with 30x leverage
𧑠Peer-to-peer over the counter trading
Currently, the trading platform is in it's alpha testing - Beta coming soon.
7/ 2οΈβ£ Tokenomics
$DXP distribution between team/community is good.
Main points:
β’ Team 10%: 6 month cliff + 36m linear unlock
β’ Advisors 3%: 3 month cliff + 18m linear unlock
β’ Marketing 10%: Maximum 2% every year
FDV is much higher than MCAP, but lockup is long π
$DXP distribution between team/community is good.
Main points:
β’ Team 10%: 6 month cliff + 36m linear unlock
β’ Advisors 3%: 3 month cliff + 18m linear unlock
β’ Marketing 10%: Maximum 2% every year
FDV is much higher than MCAP, but lockup is long π
8/ This should clear up FUD around tokenomics.
Find a transparent breakdown in their whitepaper:
β vela.exchange
However, as you should know by now, perpetual tokenomics mean nothing if it's not clear how yield is earnt.
Let's break it down π
Find a transparent breakdown in their whitepaper:
β vela.exchange
However, as you should know by now, perpetual tokenomics mean nothing if it's not clear how yield is earnt.
Let's break it down π
9/ 3οΈβ£ Real-Yield
Once live, $DXP will switch to $VELA 1:1
The $VELA token will have 4 yield routes:
1οΈβ£ Stake $VELA
2οΈβ£ Escrowed $VELA β (eVELA) rewards
3οΈβ£ vUSD β Provide liquidity for LP tokens
4οΈβ£ VLP β Stake those vUSD LP tokens.
Sounds complicated, let's break it down π
Once live, $DXP will switch to $VELA 1:1
The $VELA token will have 4 yield routes:
1οΈβ£ Stake $VELA
2οΈβ£ Escrowed $VELA β (eVELA) rewards
3οΈβ£ vUSD β Provide liquidity for LP tokens
4οΈβ£ VLP β Stake those vUSD LP tokens.
Sounds complicated, let's break it down π
10/ $VELA will have spot and perpetual fees, and they will be distributed differently:
β Perp fees:
β’ 55% to vUSD (LPs)
β’ 20% buyback (eVELA)
β’ 25% treasury
β Spot fees:
β’ 40% traded token
β’ 30% buyback (eVELA)
β’ 30% treasury
See images below β
β Perp fees:
β’ 55% to vUSD (LPs)
β’ 20% buyback (eVELA)
β’ 25% treasury
β Spot fees:
β’ 40% traded token
β’ 30% buyback (eVELA)
β’ 30% treasury
See images below β
11/ 1οΈβ£ Stake $VELA
Native token staking grants yield from all three products:
𧑠Perp fees: 5%
π Spot fees: 40%
𧑠OTC fees: 30%
$VELA also operates an escrowed token model, granting bonus rewards in untradable $VELA emissions. (buybacks) β
eVELA represents $VELA 1:1.
Native token staking grants yield from all three products:
𧑠Perp fees: 5%
π Spot fees: 40%
𧑠OTC fees: 30%
$VELA also operates an escrowed token model, granting bonus rewards in untradable $VELA emissions. (buybacks) β
eVELA represents $VELA 1:1.
12/ 2οΈβ£ Escrowed $VELA β (eVELA) rewards
As mentioned above, eVELA comes from buybacks:
β’ 20% of perp fees
+
β’ 30% of spot fees
$VELA stakers get these emissions as an extra reward for platform loyalty.
As mentioned above, eVELA comes from buybacks:
β’ 20% of perp fees
+
β’ 30% of spot fees
$VELA stakers get these emissions as an extra reward for platform loyalty.
13/ 3οΈβ£ vUSD β Provide liquidity
Stables are deposited onto Vela, in return for vUSD.
This vUSD is the LP token which can be staked for VLP β
VLP holders receive 50% of perpetual fees for:
β’ Providing liquidity
β’ Staking their LP tokens
This locks in liq. for $VELA.
Stables are deposited onto Vela, in return for vUSD.
This vUSD is the LP token which can be staked for VLP β
VLP holders receive 50% of perpetual fees for:
β’ Providing liquidity
β’ Staking their LP tokens
This locks in liq. for $VELA.
14/ 4οΈβ£ VLP β Stake those vUSD LP tokens.
As another bribery layer, @vela_exchange allows LPers to stake their VLP tokens (further locking liq.) for an extra 10% of perp fees in eVELA.
In total, they can be entitled to 60% of the perps fees.
Simple breakdown β
As another bribery layer, @vela_exchange allows LPers to stake their VLP tokens (further locking liq.) for an extra 10% of perp fees in eVELA.
In total, they can be entitled to 60% of the perps fees.
Simple breakdown β
15/ 4οΈβ£ Personal Conviction
Full disclosure: I've owned $DXP since $0.20 and will be accumulating more when dips arise.
Please be aware that it's literally a perpetual on Arbitrum, my two niches, so of course I think it's a great buy!
Full disclosure: I've owned $DXP since $0.20 and will be accumulating more when dips arise.
Please be aware that it's literally a perpetual on Arbitrum, my two niches, so of course I think it's a great buy!
16/ My conviction only grew for them once I saw their appreciation for the perpetual industry and those who paved the way before them.
I recommend giving this a read β
I recommend giving this a read β
17/ Accounts you should be following to keep up to date on @vela_exchange:
@CryptoKaduna
@BraverCrypto
@DexerXP
@royalty_crypto
@Cryptorayzed
@DeFindingsNFT
@thelearningpill
@Mikee_93
@AlphaCryptOmega
@NFT_Djinn
@VechainWhale
@SmokezXBT
@MariusCrypt0
Who did I miss? π β
@CryptoKaduna
@BraverCrypto
@DexerXP
@royalty_crypto
@Cryptorayzed
@DeFindingsNFT
@thelearningpill
@Mikee_93
@AlphaCryptOmega
@NFT_Djinn
@VechainWhale
@SmokezXBT
@MariusCrypt0
Who did I miss? π β
18/ That's a wrap! I hope I've helped!
What's your opinion on $DXP? Did I miss anything?
Follow me @LouisCooper_ for more objective protocol𧡠's.
Drop me a like/RT below to share the alpha π
What's your opinion on $DXP? Did I miss anything?
Follow me @LouisCooper_ for more objective protocol𧡠's.
Drop me a like/RT below to share the alpha π
If you liked this, I have threaded on basically every popular perp atm.
That includes:
$GMX $GNS $YDF $MVX $BFR and more
Thank you <3
That includes:
$GMX $GNS $YDF $MVX $BFR and more
Thank you <3
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