The New Real-Yield Giant - Vela Exchange Report

Pedro's photograph, one of Heimdall research writers.Heimdall logo, it resembles a Gjallarhorn
Pedro Veiga, Heimdall ResearchApril 5, 2023 19 min read

Explore a perpetual decentralized exchange built on the Arbitrum platform. Featuring a hybrid infrastructure model, this DEX offers both liquidity providers and token holders a share of the protocol's revenue. With its Beta version launched in January, the platform has already attracted thousands of users, and is sure to captivate your interest too.


The Decentralized Finance (DeFi) sector is very promising. Many of the main projects created their products based on the successful areas in Traditional Finance (TradFi), such as Lending and Borrowing, Trading, Asset Management, and Derivatives. Developers did this because they saw an opportunity to improve something that worked in the real world by integrating it into the blockchain. On the blockchain, these services become more efficient, cheaper, and most of the time decentralized, meaning that users do not have to trust an entity to interact with financial products, it’s all done by smart contracts on a decentralized network.

In this report, we’ll dive into a decentralized exchange (DEX) based on the Arbitrum layer 2 blockchain. This project aims to revolutionize the derivatives market, introducing first an innovative perpetual futures platform, and planning to release an options and OTC market later.

Being built on Arbitrum allows the protocol to have low fees and high throughput while featuring the safety of Ethereum, the perfect combination for a DeFi project. Many of the Arbitrum-based protocols have recently seen a rise in both users and valuation at the beginning of 2023, meaning that this could be a big trend in a future bull market, representing an awesome opportunity for investors who want to take advantage of early-stage projects.

Source: Arbiscan as of April 4, 2023


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