VELA token
Overview
VELA functions as the native utility and governance token for Vela Exchange, a decentralized perpetual futures platform operating on Arbitrum. Holders can use it to obtain fee reductions, earn staking incentives, and vote on governance matters affecting the protocol.
Within The Counterparty graph, VELA connects to 2 tracked entities, most strongly to Vela Exchange, Arbitrum.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Vela Exchange | 95% |
deployed_on | Arbitrum | 85% |
Frequently asked questions
What is VELA?
VELA is a derivatives tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Vela Exchange, Arbitrum.
What type of entity is VELA?
VELA is classified as a derivatives (token) in The Counterparty knowledge graph.
What is VELA connected to?
In The Counterparty knowledge graph, VELA is linked to 2 other tracked entities, most strongly to Vela Exchange, Arbitrum.