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VELO
Price
$ 0.128403
Velodrome is an AMM designed as the central trading and liquidity marketplace on Optimism Network. Read More
Velodrome is an AMM designed as the central trading and liquidity marketplace on Optimism Network. Velodrome Finance mechanics reflect a combination of two DeFi concepts:Vote-Escrow — first introduced by Curve to strengthen incentives for long-term token holdersStaking/Rebasing/Bonding or (3,3) game theory — designed by Olympus DAO.Combined, the ve(3,3) mechanism rewards behaviors correlated with Velodrome's success, such as liquidity provision and long-term token holding. Liquidity providers receive $VELO emissions, and $veVELO holders receive protocol fees, bribes, rebases, and governance power.