VLP

The primary liquidity pool token in Vela Trade is VLP.

VLP automatically compounds all fees and trading profits on an hourly basis. Holders simply need to hold VLP to receive the full benefits, with all performance reflected in the price action of the token. The fee share for VLP is 70%, and it is not subject to additional yield boosts from other mechanisms within the platform.

VLP can be minted or redeemed directly on the platform’s earn page, or traded on the open market.