With heavy investment backing from the likes of Jade Protocol, Vela Exchange is one of the protocols at the forefront of trading in DeFi. It allows perpetual swapping and also grants its users a leverage option of 30x while they are trading any of their supported tokens. Its most distinguishing feature is a successful merge of both centralized exchanges and decentralized exchanges within a single platform.. The users have options such as setting buy-orders, stop-loss, and others on the decentralized exchange.