Vela Exchange

Vela Exchange is a decentralized exchange with advanced perpetuals trading capabilities, community focused incentives, and scalable infrastructure

## Overview Vela Exchange is a decentralized perpetuals trading platform operating on Arbitrum and Base blockchains. It functions as an orderbook-based derivatives exchange where traders can long or short crypto assets with leverage, without relying on traditional centralized intermediaries. The platform was designed to address friction points in existing perps markets: high fees, limited liquidity in certain trading pairs, and dependency on centralized risk management. Vela operates as a community-focused protocol where governance and incentive structures reward active participants rather tha