Discover and read the best of Twitter Threads about #VeloRaces
Most recents (4)
We're kicking #OPsummer into high-gear, racers.
Let's talk about the 750,000 in $OP incentives coming to $veVELO lockers in the coming weeks and months.
Things are about to heat up! 🚴♀️💨
👇
Let's talk about the 750,000 in $OP incentives coming to $veVELO lockers in the coming weeks and months.
Things are about to heat up! 🚴♀️💨
👇
Those who lock $VELO are making a long-term bet on both Velodrome and the @optimismFND ecosystem.
Their votes control protocol emissions and they earn 100% of the fees and bribes for pairs they vote for.
In other words, lockers are essential to the flywheel.
Their votes control protocol emissions and they earn 100% of the fees and bribes for pairs they vote for.
In other words, lockers are essential to the flywheel.
That is why we are reducing the barrier to entry for individuals or protocols through $OP incentives.
Making it even more capital efficient for folks to get engaged in the #VeloRaces.
And helping early movers build liquidity on their pairs without diluting their holders.
Making it even more capital efficient for folks to get engaged in the #VeloRaces.
And helping early movers build liquidity on their pairs without diluting their holders.
Velodrome is now the second largest protocol on @optimismPBC and the #VeloRaces are underway.
Next week, we'll be supercharging the racers through the introduction of bribes and boosted incentives.
Are you ready racer?
👇🚴♀️💨
Next week, we'll be supercharging the racers through the introduction of bribes and boosted incentives.
Are you ready racer?
👇🚴♀️💨
Bribes are an essential component of the Velodrome flywheel and we're going to kick them off right.
The Velodrome Team will bribe the VELO-USDC pool with 1M $VELO. Voters who vote for the pool will earn the bribes/fees and LPs will earn the boosted emissions.
The Velodrome Team will bribe the VELO-USDC pool with 1M $VELO. Voters who vote for the pool will earn the bribes/fees and LPs will earn the boosted emissions.
But, we're not stopping there.
We're also going to be dedicating a portion of our voting power to boosting the pools of any protocol that either bribes or locks additional $veVELO voting power.
Giving a healthy head-start to the most engaged racers.
We're also going to be dedicating a portion of our voting power to boosting the pools of any protocol that either bribes or locks additional $veVELO voting power.
Giving a healthy head-start to the most engaged racers.
What's next for Velodrome?
Velodrome is the central trading and liquidity marketplace on @optimismPBC.
Protocols use Velodrome to incentivize their liquidity and for the lowest fee (.02%) / slippage trades.
They also get 100% of fees + bribes as voters.
Thus, #VeloRaces👇
Velodrome is the central trading and liquidity marketplace on @optimismPBC.
Protocols use Velodrome to incentivize their liquidity and for the lowest fee (.02%) / slippage trades.
They also get 100% of fees + bribes as voters.
Thus, #VeloRaces👇
Velodrome's emissions are driven by the votes of $veVELO lockers. The more votes a pool gets, the more emissions it gets, the more liquidity it attracts.
The twist?
Those voters also get 100% of protocol fees and bribes, in addition to weekly anti-dilutive rebases.
The twist?
Those voters also get 100% of protocol fees and bribes, in addition to weekly anti-dilutive rebases.
This makes it highly capital efficient for protocols to lock $VELO early when emissions are highest.
They are able to bootstrap deep L2 liquidity, farm emissions, earn trading revenue, and (essentially) bribe themselves.
(yes, just like that nsfw ouroboros elephant)
They are able to bootstrap deep L2 liquidity, farm emissions, earn trading revenue, and (essentially) bribe themselves.
(yes, just like that nsfw ouroboros elephant)
The #VeloRaces on @optimismPBC begin Tuesday!
Want to be ready? 🚴♀️💨 We've got you covered.
#OPSummer is about to get rolling.
👇🧵
Want to be ready? 🚴♀️💨 We've got you covered.
#OPSummer is about to get rolling.
👇🧵
On May 31st, Velodrome Finance goes live.
What will you be able to do?
↔️ Swap Tokens
🪙 Deposit LPs
🔐 Lock $VELO as $veVELO
💸 Deposit Bribes
🗳 Vote for Pools
🪂 Claim Airdrops
What will you be able to do?
↔️ Swap Tokens
🪙 Deposit LPs
🔐 Lock $VELO as $veVELO
💸 Deposit Bribes
🗳 Vote for Pools
🪂 Claim Airdrops
For those claiming their 🪂...
All snapshots are complete for DeFi + OP users. You will be able to check your eligibility on May 31st.
Anyone holding or purchasing $WeVE will redeem it on #Fantom and claim $USDC and $VELO on Optimism.
See 👇
All snapshots are complete for DeFi + OP users. You will be able to check your eligibility on May 31st.
Anyone holding or purchasing $WeVE will redeem it on #Fantom and claim $USDC and $VELO on Optimism.
See 👇
