Market Data & Token Stats
| Fully Diluted Valuation | $37.73M |
|---|---|
| 24H Trading Volume | $2.82M |
| 24H Low / High | $0.01542 / $0.01596 |
| Circulating Supply | 1.15B |
| Total Supply | 2.44B |
| Max Supply | ∞ |
Key Project Information
| Categories | Decentralized Exchange (DEX) 3 more |
|---|---|
| Founder | Andrew Cronje |
| Website | velodrome.finance |
| Socials | |
| Chains | Optimistic-ethereum Ecosystem |
| Explorer | Etherscan 1 more |
| Contracts |
0x956....088db
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
Velodrome Finance (velo) Expert User Reviews
Is Velodrome Finance safe or a scam? Read verified Crypto OG reviews about Velodrome Finance
$velo Markets
| Name | Pair | OG Score |
|---|
About Velodrome Finance
Velodrome Finance, positioned as the central trading and liquidity marketplace on the Optimism Network, has emerged as a dynamic force in the decentralized finance (DeFi) space. The platform's mechanics embody a unique blend of two influential DeFi concepts: Vote-Escrow, pioneered by Curve and the (3,3) game theory involving Staking, Rebasing and Bonding, as conceptualized by Olympus DAO.
Combining Forces:
The heart of Velodrome's functionality lies in its ve(3,3) mechanism, a symbiotic integration of Vote-Escrow and (3,3) game theory. This mechanism is strategically designed to incentivize long-term token holding and liquidity provision, thereby rewarding behaviors that contribute to Velodrome's overall success.
Token Rewards:
Liquidity providers on Velodrome are rewarded with $VELO emissions, creating a dynamic ecosystem where participants are motivated to contribute to the platform's liquidity. Simultaneously, $veVELO holders enjoy a multifaceted stream of benefits, including protocol fees, rebases, governance power and even bribes.
Recent DNS Attack:
Despite its promising trajectory, Velodrome faced a recent challenge when its domains, velodrome.finance and aerodrome.finance, fell victim to a DNS attack. However, the Velodrome team promptly responded to the incident, ensuring that both domains and associated decentralized applications (dApps) can now be accessed and interacted with safely.
Ongoing Investigation:
In response to the DNS attack, the Velodrome team has initiated an investigation to delve into the details of the incident. While users can continue to access and engage with the platform without concerns, the team is committed to providing updates on the situation. For real-time information and developments, users are encouraged to refer to Velodrome's official Twitter account.
Conclusion:
Velodrome Finance stands as a testament to the innovative potential within the DeFi space, combining proven concepts to create a robust and rewarding ecosystem on the Optimism Network. Despite the recent DNS attack, the platform remains resilient and the team's proactive approach to security concerns underscores their commitment to the community. As Velodrome continues to evolve, its unique ve(3,3) mechanism promises to reshape the landscape of decentralized finance, offering participants a novel and sustainable way to engage with the burgeoning world of digital assets.
What is unique about Velodrome Finance (VELO)?
Velodrome Finance distinguishes itself through its ve(3,3) mechanism, a fusion of Vote-Escrow and (3,3) game theory, incentivizing long-term token holding and liquidity provision on the Optimism Network.
Who are the founders of Velodrome Finance (VELO)?
Andrew Cronje
Where can I buy Velodrome Finance (VELO)?
You can buy Velodrome Finance (VELO) on Binance, Coinbase, Gate.io, MEXCBitget cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Velodrome Finance Official Website and Velodrome Finance X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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