David

[David @Velarian27]

@MikeSilagadze Hi Mike, when will EtherFi be available in the Netherlands?

[David @Velarian27]

🔥

[Pyth Network 🔮 @PythNetwork]

.@vela_exchange is one of the fastest-growing perpetual DEXs on @arbitrum and @BuildOnBase.

Check the stats. Since integrating with Pyth, Vela has achieved:

+$6.5B in traded volume
+100K users
+40 markets

Learn more about how #PythNetwork is powering Vela’s success in the perpetual trading ecosystem:

The Challenge

Speed, reliability, and performance make or break a perpetual trading ecosystem.

Vela Exchange delivers a perpetual trading platform for traders to create leveraged positions against the performance of synthetic assets.

Vela Exchange seeks to offer the most feature-rich, powerful perpetual DEX with lightning-fast execution. This vision requires a robust oracle solution.

Legacy oracles are slow and vulnerable to front and back running. Historically, DEXs have relied on slow oracles to provide price data for assets traded within their platforms.

The negative impacts on competitiveness and UX include: price manipulation, latency issues, and limited data sources hinder the accuracy and security of price feeds, leaving traders vulnerable to undesirable outcomes.

The Solution

Vela Exchange's trading infrastructure utilizes Pyth Network as the backbone for its price feed aggregation to provide robust, trustworthy, sub-second price accuracy.

Key to this integration is Pyth Network’s unique architecture. Pyth introduces a Pull Oracle that specializes in low-latency price updates and resilience through periods of volatility.

Instead of regularly “pushing” price updates on-chain like legacy oracles, Pyth empowers Vela to request or “pull” a new price from the Pyth protocol when needed. The gas efficiency of this architecture brings several advantages to Vela Exchange.

The Pyth Advantage

Low Fees — one of the cheapest fee structures in DeFi perpetual trading.

Real-time Data — the data is close to real-time to support chart analysis and triggers.

Granularity — faster trading and execution, plus improved risk management against front running attacks and other exploits.

Fast Expansion — the rapid availability of Pyth Price Feeds on new chains enables fast multi-chain deployment for Vela.

Diversity of Assets — Pyth’s diverse asset offering enables Vela to list a wide range of markets and even launch new markets just hours after initial listings on spot exchanges.

Infrastructure — support for industry leading tooling, akin to TradFi terminals, infinite trading trigger setups, one-click trading to streamline approvals, chart trading and analysis, and bot integrations.

Strong Early Adoption — Vela’s mainnet launch has seen close to $1B in volume traded and thousands of traders safely and securely.

We’re honored to support Vela Exchange’s rapid success on #Arbitrum and #Base. Pyth data is designed for smart contract developers seeking to build the next generation of high throughput, scalable DeFi services.

[BRITISH HODL ❤️‍🔥🐂❤️‍🔥 @BritishHodl]

Been thinking about this in the last few days as I’ve been seeing the convo develop.

The #Bitcoin ETF will combat the idea of “Unit Bias” more than anything else that’s been done in Bitcoin so far.

For example, 1 share of $GBTC is now $29.97.

You can buy 100 shares, this is considered normal in stocks.

But to get one full #Bitcoin you need 1,055 shares.

Imagine what happens when you can log into your brokerage account and see #Bitcoin trading for $3.50/share.

And someone with a $1,000 says “I can buy 285 shares of #Bitcoin!”

This is before the players like BlackRock realise they can compete with players like Grayscale in the retail market by issuing stock splits to reduce the unit price of each share. 1/100, 1/1,000, 1/10,000.

[David @Velarian27]

@squidrouter @X Done!

[Wauwda. @wauwda]

$GMX has done a fantastic job leading the charge on @arbitrum with its community and metrics.

But the ecosystem thrives on competition and we shouldn't put all our eggs in one basket.

We have a Short-Term Incentive DAO voting happening and this is what you MUST know 🧵👇🏼

[Jampula @JaniTurus]

New to Vela Exchange and perpetuals trading?

See my latest video about the basics of Vela: https://t.co/YA5GtQMSOa

@vela_exchange

[David @Velarian27]

@NFT_Djinn @BuildOnBase Congrats to the entire team for this great achievement! I'm really impressed by how good the launch went.

[David @Velarian27]

@yefan57757502 @NFT_Djinn @BuildOnBase If you had any idea what this guy's are building you wouldn't make such an uninformed comment. The price will eventually catch up as well.

[TaraBull @TaraBull]

In honor of Keanu Reeves' birthday today:

This is Matrix movie star Keanu Reeves. He was abandoned by his father at the age of 3 and grew up with 3 different stepfathers. He is dyslexic. His dream of becoming a hockey player was shattered by a serious accident. His daughter passed away at birth. His wife passed away in a car accident. His best friend, River Phoenix, passed away of an overdose. His sister battled leukemia.

No bodyguards, no luxury houses. Keanu lives in an ordinary apartment and likes wandering around town and is often seen riding a subway in NYC.

When he was filming the movie "The Lake House," he overheard the conversation of two costume assistants, one crying as he would lose his house if he did not pay $20,000 - On the same day, Keanu deposited the necessary amount in his bank account.

In his career, he has donated large sums to hospitals, including $75 million of his earnings from “The Matrix” to charities.

In 2010, on his birthday, Sept 2nd, Keanu walked into a bakery & bought a brioche with a single candle, ate it in front of the bakery, and offered coffee to people who stopped to talk to him.

In 1997, some paparazzi found him walking one morning in the company of a homeless man in Los Angeles, listening to him and sharing his life for a few hours.

In life, sometimes the ones most broken from inside are the ones most willing to help others.

This man could buy everything, and instead, every day he gets up and chooses one thing that can not be bought:

To be a caring person.
Simple Acts of Kindness

Share this — who knows, maybe Keanu will see it for his birthday!

[Harvest @harvest_finance]

New farmland for @vela_exchange's VELA-ETH LPs on @CamelotDEX is here.

Probably the highest APY for VELA LPs in town. But don't just take our word for it.

Use any token from your wallet and find out for yourself:

👉 https://t.co/rnaJwN1C1o

[David @Velarian27]

@vela_exchange Thanks for listening to the community. 🔥

[David @Velarian27]

@vela_exchange The mobile experience is just excellent.

[David @Velarian27]

@Player72S @JA_Maartun @coinalyzetool Futures

[Reptile Presidente🦎 @reptilepres]

If you're looking to provide liquidity to derivative platforms, @vela_exchange has the highest APR for $USDC.

Nothing else even comes close.

Got idle $USDC and aiming to put it to work on-chain?

There's genuinely no better place to do so.

https://t.co/qhUcninuQW

[David @Velarian27]

@CryptoWizardd Check out Vela Exchange @vela_exchange

It checks all the checkboxes and much much more.

[David @Velarian27]

@Bit7coin @ChadCaff @vela_exchange stakers of VELA get discount in trading fees and real yield in USDC, currently at 9% APR. The more is traded on the platform the higher the APR is going to be.

[David @Velarian27]

@vela_exchange it's time to get based at Base. This is the way.

[Miles Deutscher @milesdeutscher]

Coinbase's new Layer 2 'Base' is finally here.

It's one of the most exciting crypto product launches of the year, and will be home to countless new opportunities.

🧵: Here's EVERYTHING you need to know about Base, and how you can profit as an investor. 👇

[David @Velarian27]

@vela_exchange Best project and best team ever!