$VELA and $esVELA

Staking Rewards

VELA & esVELA can be staked to earn a share of fees as rewards. The rewards share is based on the total sum of VELA and esVELA that is staked.
Your staked VELA & esVELA entitles you to the following 7 benefits:
  1. 1.
    Receive discounted trading fees as per the fee discount table
  2. 2.
    Earn esVELA from each VELA buyback equivalent to 10% of the total perpetual fees
  3. 3.
    Earn 5% of the total fees in USDC generated by the perpetual exchange fees
  4. 4.
    Earn 40% of the total fees generated by the spot exchange fees (Future)
  5. 5.
    Earn esVELA from each VELA buyback equivalent to 30% of the total spot fees (Future)
  6. 6.
    Earn 30% of the fee share of the OTC trading platform (Future)
  7. 7.
    Earn ecosystem rewards (depends on chain and subject to change)
Reward Cycle 0 will pay out a fixed amount of esVELA rewards for VELA & esVELA stakers.

Vesting $esVELA

Your $esVELA can be deposited into the vesting contract in order to claim the same amount of $VELA which is unlocked continuously throughout a 6 months linear vesting period. $esVELA that is staked for vesting cannot earn rewards. Note: If any amount of $VELA is claimed or any amount of esVELA added to the vesting contract, it'll reset the vesting period.
All vested $esVELA rewards are provided by the $VELA buyback model.
$esVELA Contract Address: 0xA9F5606c3e6aaB998fD4f4BC54A18D9fe13a0Dd8


The TokenFarm contract has a hard coded max limit for staking cooldown duration of 4 weeks and a max vesting duration for $esVELA of 700 days.
The TokenFarm contract rewards are loaded in specific intervals by the Vela team. In a scenario where a Tokenfarm contract runs out of rewards, all attempts to claim will fail.
TokenFarm contract: 0xfC527781Ae973f8131dC26dDDb2Adb080c1C1F59
Last modified 3mo ago