Vela Exchange Bi-Weekly STIP Backfund Updates (Mar 29th, 2024)

Vela Exchange Bi-Weekly STIP Backfund Updates (Mar 29th, 2024)

**ARB Received Last Disbursement:**142,852 ARB

ARB Utilized as Incentives in the Last Two Weeks: 160,000 ARB

Contracts incentivized over the last 2 weeks:

Contract address label Form completed for all addresses: Yes

ARB left over: 5,000 ARB, which is being returned to the Arbitrum Treasury

Summary of incentives: Vela Exchange has allocated a total of 995,000 ARB of 1,000,000 ARB per our original STIP outline :

  • 150k for Multi-Chain / Fiat Onboarding
  • 500k for Social Features / Trading Leagues
  • 350k for VLP Vault Rewards

Starting on January 5th, 2024, users had the opportunity to earn additional ARB rewards by minting Vela Exchange’s LP token (VLP). This starts the 3-month long STIP incentives program and leads into our Grand Prix trading competition, in which users may compete for up to 100,000 in ARB prizes in Round 1.

Additional Info / Disclosures to Multisig: N/A


Average daily TVL: $10.5M

Average daily transactions: 1,356 Trades

Average daily volumes: $29.9M

Number of unique user addresses: 9,407 UAW

Transaction fees: $416 daily avg, $5,835 total

Link to Dashboard showing metrics: Vela Exchange Dune Dashboard