VEGA Vega Protocol
Source: VEGAUSD Chart by TradingView
Vega Protocol Background
Vega Protocol provides the derivatives scaling layer for Web3. It is a custom-built proof-of-stake blockchain, which makes it possible to trade derivatives on a decentralised network with comparable experience to using a centralised exchange.
VEGA is the network governance and staking token. It is used for:
- Voting on the creation of new markets on the network
- Running validator nodes on the network via staking VEGA tokens
- Earning fees from traders through staking and delegation
- Governing important network parameters which ensure markets are secure and fair
Vega Protocol News
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