Frequently Asked Questions

Is Vela live?

Yes. Vela public beta is live. Eleven markets are available. Deposits are currently trust-based.

Are deposits safe?

Vela is in public beta. Deposits are not settled on-chain and are trust-based. Do not deposit significant funds. On-chain settlement is the M6 roadmap milestone.

What wallets are supported?

Any Ethereum-compatible wallet with personal_sign support. MetaMask is the primary tested wallet. WalletConnect-compatible wallets should work but are not yet officially supported.

What is the credit system?

Market makers can quote up to N× their deposited collateral across all markets simultaneously. The default credit ratio is 1× (no leverage). See the Market Making section for full details.

Is the source code available?

Yes. Vela is MIT licensed and available at github.com/arpjw/vela.

What is the white paper?

The Vela technical white paper is available on SSRN at ssrn.com/abstract=6579199 under Monolith Research Vol. 2.

How fast is the matching engine?

0.68 μs p50 match latency and 1,430,000 ops/sec on a realistic market maker workload. 11.6× faster than Pulse on a per-operation basis.

What order types are supported?

Limit orders (GTC, IOC, FOK, Post-Only) and Market orders.

How are fees structured?

Maker-rebate, taker-fee model. Specific rates will be published before mainnet launch. See Fees and Rebates for details.

What programming languages can I use with the API?

Any language with an HTTP client and an Ethereum signing library. The API is language-agnostic. JavaScript/TypeScript with ethers.js or viem is the most straightforward. Python with web3.py also works.

How do I report a bug?

Open an issue on the Vela GitHub repository at github.com/arpjw/vela. For security vulnerabilities, contact the team through private channels before public disclosure.

What markets are available?

Eleven markets are live in the beta. The current market list is available at the GET /markets endpoint and on the Markets page of the exchange.

Can I use Vela programmatically without the UI?

Yes. The HTTP and WebSocket APIs are fully documented and designed for programmatic access. Market makers in particular are expected to use the API directly rather than the UI. See the API Reference section for full documentation.