#RealYield is awesome and one of the biggest narratives, but do you know whats even better?
Incentivised #RealYield π₯
A 𧡠on the potential of the Hyper $VLP event from $VELA, launching tomorrow.
Incentivised #RealYield π₯
A 𧡠on the potential of the Hyper $VLP event from $VELA, launching tomorrow.
First lets have a look what $VLP actually is π΅οΈββοΈ
$VLP is the liquidity provider token of the Vela exchange, like $GLP from $GMX. The liquidity is used for perpetual traders that are trading with leverage.
$VLP is the liquidity provider token of the Vela exchange, like $GLP from $GMX. The liquidity is used for perpetual traders that are trading with leverage.
When traders make a loss, get liquidated or pay fees the $VLP price benefits.
To reward $VLP liquidity providers, they will be rewarded with 60% of the protocol fees, being distributed for 50% in USDC and 10% in escrowed $VELA (eVELA).
#RealYield, but thatβs not all.
To reward $VLP liquidity providers, they will be rewarded with 60% of the protocol fees, being distributed for 50% in USDC and 10% in escrowed $VELA (eVELA).
#RealYield, but thatβs not all.
Now for the interesting partπ§
During the Hyper $VLP event early $VLP contributors will be rewarded with $VELA.
Lets dive in on how this works πββοΈ
During the Hyper $VLP event early $VLP contributors will be rewarded with $VELA.
Lets dive in on how this works πββοΈ
There are going to be 6β£ tiers in which you can participate on a FCFS bases.
The quicker you are to provide liquidity, the higher the reward π’
So, if you are in Tier 1 you will get 0.5 $VELA for every USDC deposited.
The quicker you are to provide liquidity, the higher the reward π’
So, if you are in Tier 1 you will get 0.5 $VELA for every USDC deposited.
With the current price of $VELA at around $3 thats $1.5 per USDC or 150% APY π₯
Imagine what the APY will be when $VELA reaches its full potential, a combination of #RealYield and $VELA from the Hyper $VLP event π€―
I will be participating for sure, will you?
Imagine what the APY will be when $VELA reaches its full potential, a combination of #RealYield and $VELA from the Hyper $VLP event π€―
I will be participating for sure, will you?
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