Introducing Vela: A Perpetual Leverage Trading Exchange for the Defi Market
On a YouTube Arbitrum channel, founders Travis and Dan from Vela joined the show to discuss their new perpetual leverage trading exchange. Vela will soon be launching on Arbitrum, and the team is excited to bring their CeX-like experience to a decentralized platform.
Travis and Dan first met while working at BCG, where Travis had previously founded a successful tracker called Kryptonite that Portal acquired in 2019. With the crypto boom of 2020, the duo decided to team up and create something in the world of decentralized finance (DeFi). They began with an OTC app called Dexpools but pivoted to launch Vela in June of that year as the market started to downturn.
The team behind Vela is small but dedicated, with a focus on quality over quantity. They have carefully selected top developers and advisors, including Don Ho from Quadratic Sampling on their Advisory Board for his expertise in security and auditing, and Donish, leader of the trading side at Bitcoin.com exchange, for his strategic mind.
Vela is not just a platform for experienced traders, however. One of the company's goals is to create a space where new traders can enter the world of DeFi and provide the necessary tools for veteran and quant-based traders. To accomplish this, Vela has implemented features like social trading, where users can follow and copy the trades of top performers.
In terms of competition, Vela recognizes that the crypto space is highly competitive and moves quickly. However, the team is confident in their well-organized and positive community, as well as their solid partnerships and product offerings. They have received a lot of outreach from people wanting to help and get involved, and they see their ecosystem as only as strong as the teams building on arbitrum.
Looking towards the future, Vela hopes to continue growing and bringing value to the teams launching on their platform. They also hope to establish themselves as a go-to destination for traders of all levels, continuously innovate, and stay ahead of the curve. To stay updated on Vela's progress and get involved in the community, interested parties can join their Discord and Telegram under the official account "Vela_exchange."