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! π΄ββοΈπ¨
π
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! π΄ββοΈπ¨
π
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.
Let's breakdown some deets, racer.
πͺAirdrop to Existing Lockers
50k $OP to those who locked $VELO 6/1 - 7/13
125k $OP bonus those locking more before 7/28
The snapshot for "existing lockers" is today (7/13) at midnight UTC. π
πͺAirdrop to Existing Lockers
50k $OP to those who locked $VELO 6/1 - 7/13
125k $OP bonus those locking more before 7/28
The snapshot for "existing lockers" is today (7/13) at midnight UTC. π
πͺAirdrop to New Lockers
75k $OP to those who lock $VELO before 7/28
πͺAirdrop to Ongoing Lockers
500k $OP to those locking the next 5 months
Estimated at a rate of ~50k $OP every 2 weeks
75k $OP to those who lock $VELO before 7/28
πͺAirdrop to Ongoing Lockers
500k $OP to those locking the next 5 months
Estimated at a rate of ~50k $OP every 2 weeks
On top of this, $veVELO lockers receive:
π΄ββοΈ100% of fees on pools they vote for
π΄ββοΈ100% of bribes on pools they vote for
π΄ββοΈ A variable anti-dilutive weekly rebase
And since we'll be dedicating another 1.45M in $OP to bribes, lockers can expect some juicy voting APRs.
π΄ββοΈ100% of fees on pools they vote for
π΄ββοΈ100% of bribes on pools they vote for
π΄ββοΈ A variable anti-dilutive weekly rebase
And since we'll be dedicating another 1.45M in $OP to bribes, lockers can expect some juicy voting APRs.
We'll share more on our plan for bribing incentives soon and expect the airdrops to begin next week.
To learn more about our plans, read our announcement thread below.
Happy racing!
π΄π€π΄ββοΈ
To learn more about our plans, read our announcement thread below.
Happy racing!
π΄π€π΄ββοΈ
https://twitter.com/VelodromeFi/status/1545434763951017986
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