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?

👇🚴‍♀️💨
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.
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.
And don't forget, $veVELO lockers will also earn rebases in Week 2 to help them maintain their position.

All to say, it's going to be an exciting week!

Still wrapping your head around all this?

Learn more below.

• • •

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More from @VelodromeFi

Jun 3
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👇 Image
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. Image
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) Image
Read 8 tweets
May 29
Velodrome is an AMM designed as the central trading and liquidity marketplace on @optimismPBC.

It is the next evolution of the @solidlyexchange model introduced by Andew Cronje.

Launching on May 31st with 10+ partners, it will kick start #OPSummer.

Need a 101?👇🧵
A quick rundown, in four parts:

𝟏. On Solidly
𝟐. On Velodrome
𝟑. On Launch
𝟒. On The Future
𝟏. On Solidly

Andre designed Solidly as a next-gen AMM optimized to facilitate swapping of both correlated and uncorrelated assets.

Similar to Curve, those who lock their tokens are able to vote to steer emissions to desired pools and receive a cut of protocol fee revenue.
Read 21 tweets
May 27
The #VeloRaces on @optimismPBC begin Tuesday!

Want to be ready? 🚴‍♀️💨 We've got you covered.

#OPSummer is about to get rolling.

👇🧵 Image
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
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 👇

Read 13 tweets

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