Welcome to Juan_In_The_Chain! Have you heard about the Vela Exchange and their upcoming airdrop? It’s the perfect opportunity for you to earn some free tokens!

All my guides will be updated every time there's a new update about the airdrop so stay tune!

A Quick review, Vela Exchange is a permissionless, self-custody driven perpetual exchange built with innovative blockchain architecture to ensure fast transactions, secure trading, and extensibility into additional synthetic options and derivatives. The rewards structure of Vela Exchange is carefully balanced to manage token & rewards supply while maintaining high incentives for liquidity provisioning and trading. While perpetual trading is the first product of Vela Exchange, the long term vision of Vela Exchange is to provide traders with a home base complete with everything they need to trade crypto assets and leveraged products. This vision is always in motion at Vela Exchange and is an essential part of the Vela team’s ethos as we continue building in the cryptocurrency ecosystem.

Vela has announced that they are going to do an airdrop for active users.

Alright, so first lets go over the steps:

First, connect your MetaMask wallet to the Arbitrum One network (If you don’t know how to do so, check out this Post)

Move some funds to the Arbitrum chain. The way I do is buying moving ETH from Crypto.com to the Arbitrum chain.

Go to the Camelot DEX here

Trade some ETH into USDC. We are choosing USDC as is the only token available at the moment. You can Stake and Trade in their DEX with under 15$ and still give you exposure to the airdrop!

Then, back on the Vela DEX, deposit the USDC.

Now you can go ahead and trade and/or Stake. Have fun!

It is important to note that as you are using real money, you should be careful and only risk what you can afford to lose. It is also recommended not to use too much leverage.

In conclusion, the Vela Exchange airdrop is an exciting opportunity for crypto enthusiasts to earn some free tokens. However, it is crucial to do your research and understand the risks involved before participating in any investment opportunity.

Here are my referral codes in case you don’t have an account

Crypto.com: https://crypto.com/app/v7vwx7cdz9 (Mobile App only)

Vela DEX: https://app.vela.exchange/?refer=8JP2P01V

Thanks for reading. Please don´t forget to follow and clap!

Also follow me on Twitter.