Over $1 Million Just Went to Velvet Users
Epoch 11 of the Velvet Gems Campaign has officially come to an end, and it was our biggest Gems distribution yet.
Over $1 million worth of $VELVET was distributed to Velvet users based on their Gems rankings and activity throughout the epoch.
And the timing for Epoch 12 couldn’t be better.
The bull market is finally back.
Markets are moving, opportunities are opening up across Spot and Perps, and traders are back onchain looking for the next trade.
With Velvet Gems, you have the opportunity to boost your wallet on top of your trading. Trade the market like you normally would, earn Gems from your activity, climb the rankings, and position yourself for the next $VELVET airdrop.
Now, we’re doing it again.
Introducing Velvet Gems Epoch 12
Epoch 12 is officially live, with the next $VELVET airdrop for Velvet users happening on October 10th.
We’re not announcing the size of the $VELVET allocation in this post.
Instead, head directly to the Velvet app to see the latest Gems rewards, your ranking, boosts, and progress throughout the epoch.
[View Epoch 12 Rewards]
Epoch 11 showed just how significant Velvet Gems rewards can become.
Now the race starts again.
How Velvet Gems Work
Gems are designed to reward the users who are actively driving the Velvet ecosystem forward.
Rewards continue to follow a rank based system, meaning your position on the Gems leaderboard determines your share of the $VELVET airdrop.
The highest ranked users receive the largest allocations, with Rank 1 receiving 5% of the Gems allocation, followed by fixed allocations for the rest of the Top 10 and a sliding scale for the remaining ranks.
Simply put:
More Gems → Higher Rank → Larger $VELVET Airdrop
Trade the Bull Market and Earn Gems
Trading remains one of the primary ways to earn Gems on Velvet.
Gems are based on fees paid, meaning your rewards are tied directly to your trading activity and contribution to the platform.
With the bull market heating up, that creates an opportunity to get more from the trades you’re already making.
Trade Spot. Trade Perps. Find opportunities across the market. And while you trade, stack Gems toward your next $VELVET airdrop.
And if you’re trading Perps, there’s an even bigger opportunity.
Perps currently earn 2x the Gems compared to Spot per dollar spent in fees.
The goal is simple: trade the bull market and get rewarded on top.
Keep Your Gems Streak Alive
Consistency matters just as much as activity.
Come back to Velvet on consecutive days to claim your Gems and build your Gems Streak.
Your streak bonus increases until reaching a maximum 150% Gems bonus, and once you reach the maximum, you can keep it for as long as you continue claiming every day.
Miss a day and your streak resets.
The longer you stay consistent, the more Gems you can earn from the same activity.
More Ways to Increase Your Gems
Trading is only part of the equation.
You can also strengthen your position throughout Epoch 12 by:
Staking $VELVET into veVELVET to align yourself with the Velvet ecosystem
Inviting active traders to Velvet and earning from their activity
Increasing your 30 day rolling trading volume to unlock higher trading multipliers
Claiming Gems every day to maintain your streak and maximize your bonus
Trading Perps to currently earn 2x Gems per dollar spent in fees compared to Spot
The name of the game is simple: activity and consistency.
The Next Airdrop Is October 10th
Epoch 11 just put over $1 million worth of $VELVET into the hands of Velvet users.
Now the bull market is back, and Epoch 12 gives you another opportunity to turn your trading activity into even more rewards.
Trade the opportunities in front of you. Stack Gems along the way. Climb the rankings. And position yourself for the next $VELVET airdrop.
Next Airdrop: October 10th
Don’t wait until the end of the epoch to start climbing.
[Trade] [Stake] [Invite] [Claim Gems]
The bull market is back. Make every trade count.