"величаем" meaning in Russian

{
  "forms": [
    {
      "form": "велича́ем",
      "tags": [
        "canonical"
      ]
    },
    {
      "form": "veličájem",
      "tags": [
        "romanization"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "1": "ru",
        "2": "verb form",
        "head": "велича́ем"
      },
      "expansion": "велича́ем • (veličájem)",
      "name": "head"
    }
  ],
  "lang": "Russian",
  "lang_code": "ru",
  "pos": "verb",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "Russian entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        }
      ],
      "form_of": [
        {
          "extra": "veličátʹ",
          "word": "велича́ть"
        }
      ],
      "glosses": [
        "first-person plural present indicative imperfective of велича́ть (veličátʹ)"
      ],
      "id": "en-величаем-ru-verb-mKoLZl-G",
      "links": [
        [
          "велича́ть",
          "величать#Russian"
        ]
      ],
      "tags": [
        "first-person",
        "form-of",
        "imperfective",
        "indicative",
        "plural",
        "present"
      ]
    }
  ],
  "sounds": [
    {
      "ipa": "[vʲɪlʲɪˈt͡ɕæ(j)ɪm]"
    }
  ],
  "word": "величаем"
}

{
  "forms": [
    {
      "form": "велича́ем",
      "tags": [
        "canonical"
      ]
    },
    {
      "form": "veličájem",
      "tags": [
        "romanization"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "1": "ru",
        "2": "verb form",
        "head": "велича́ем"
      },
      "expansion": "велича́ем • (veličájem)",
      "name": "head"
    }
  ],
  "lang": "Russian",
  "lang_code": "ru",
  "pos": "verb",
  "senses": [
    {
      "categories": [
        "Russian 4-syllable words",
        "Russian entries with incorrect language header",
        "Russian non-lemma forms",
        "Russian terms with IPA pronunciation",
        "Russian verb forms"
      ],
      "form_of": [
        {
          "extra": "veličátʹ",
          "word": "велича́ть"
        }
      ],
      "glosses": [
        "first-person plural present indicative imperfective of велича́ть (veličátʹ)"
      ],
      "links": [
        [
          "велича́ть",
          "величать#Russian"
        ]
      ],
      "tags": [
        "first-person",
        "form-of",
        "imperfective",
        "indicative",
        "plural",
        "present"
      ]
    }
  ],
  "sounds": [
    {
      "ipa": "[vʲɪlʲɪˈt͡ɕæ(j)ɪm]"
    }
  ],
  "word": "величаем"
}