NEAR Ecosystem DEX Veax Goes Live on Mainnet

Veax, a DEX on NEAR, is now live on the mainnet and has launched the Veax Liquidity Provider Incentive Program.

The Veax LP Incentive Program will allocate 25% of all $VEAX tokens, amounting to a total of 2,500,000 tokens, to reward early liquidity providers in the Veax ecosystem. The 7-month long program will run from the launch of the mainnet through the token generation event (TGE) until the end of the year. The TGE is expected to occur two months after the mainnet launch, with rewards accruing immediately and payable one month after the TGE takes place.

Veax closed a $1.2 million pre-seed round in November 2022 with participation from Circle Ventures, Proximity Labs, Outlier Ventures, Tacans Labs, Qredo, and others.