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:
- 160k $ARB to Grand Prix Trading Competition
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
STATS
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