$VELA and $esVELA
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.
- 2.Earn esVELA from each VELA buyback equivalent to 10% of the total perpetual fees
- 3.Earn 5% of the total fees in USDC generated by the perpetual exchange fees
- 4.Earn 40% of the total fees generated by the spot exchange fees (Future)
- 5.Earn esVELA from each VELA buyback equivalent to 30% of the total spot fees (Future)
- 6.Earn 30% of the fee share of the OTC trading platform (Future)
- 7.Earn ecosystem rewards (depends on chain and subject to change)
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.
$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