/1 @VelodromeFi TVL is up 120% in the last week!

But is there any reason for this spike? 🤔

A 🧵 about Velodrome #AMM, the next-gen AMM which prioritizes volume rather than liquidity! 👇

#Ethereum #Optimism
/2 A Solidly Fork

If you are a #Fantom degen, you've probably heard about @solidlyexchange, a new type of AMM developed by Andre Cronje.

Solidly was the first AMM that incentivized trading fees rather than passive liquidity.

But how did it work?
/3 Solidly implemented a veToken model in order to allow token holders to vote on pools emissions.

However, Solidly token stakers' rewards depended on the volume of the pools they voted for.

Their trading fees share came only from the pool they cast their vote for.
/4 you vote for pools with high volume->high rewards for you and LPs->more liquidity in these pools->less slippage

A pretty interesting model IMO🤩

But Solidly had some bugs and the team didn't solve them, so the project was abandoned.

Let's speak about Velodrome now👇
/5 Velodrome is a Solidly fork on steroids💪

They solved the bugs that were reported and launched Velodrome on #Optimism.

More than that, they created a better emission model, so it will take 200 weeks from the launch till all $VELO tokens will be in circulation.
/6 Thanks to the Solidly model that prioritize only the pools with big volume rather than all pools, the trading fees can be very low on Velodrome(0.02% atm).

Similar to @CurveFinance, there are protocols that bribe $VELO lockers to vote for their pools.
/7 So $VELO lockers have to choose between voting for pools with high volume(to get fees) or voting for pools with a small volume for bribes.

This model insures that LPs are incentivized to deposit liquidity in pools with high volume in order to reduce the slippage for traders.
/8 $VELO

$VELO holders lock their tokens for up to 4 years in order to get voting power and rewards.

$VELO lockers revenue is coming from:
-trading fees(they get all trading fees from the pools they voted for)
-external bribes(for voting for specific pools)
/9 Optimism Airdrops

As you might have already heard, Optimism is airdropping a part of the $OP supply to those who use Optimism DApps.

So those who lock $VELO before 28.07.2022 will get an $OP AIRDROP🎁🤩
/10 Roadmap🗺️

The next Velodrome update is called Velodrome Relay. Here are the update key features:

-allow holders to delegate their voting power
-LP emission auto-compounder
-Fees/bribes auto-compounder for VELO stakers
-liquidity for veNFTs(sell veVELO positions as an NFT)
/11 Yield farming season is live

There are some great yield farming opportunities for LPs that deposit liquidity on Velodrome.

Here are my favorite pools:
USDC/sUSD - 15.5% APR
WETH/USDC-33% APR
USDC/MAI - 18% APR
alETH/WETH- 25% APR

sUSD-Synthetix USD
/12 That's all!

If you found this thread helpful, please leave a like and retweet the 1st tweet. 🤝

P.S. Let me know in the comments which protocols I should cover😉

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More from @TheDeFinvestor

Jul 23
/1 Imagine a world where you can lend a token that tracks the price of S&P 500 and borrow against it🤩...

This will be possible once #Synthetix V3 comes out👀

Join me for a 🧵 on how Synthetix V3 will reshape the #DeFi Industry👇 Image
/2 Firstly, if you don't know what Synthetix is or you would like to understand better how it works, I got you covered!

Here's a thread about Synthetix:
/3 The problems of Synthetix V2

When you mint Synths as a $SNX staker, you will own a % of the debt pool.

Your debt can increase or decrease based on the price volatility of the all Synths that were minted.

So stakers may sometimes discover that their debt increased🔴
Read 12 tweets
Jul 21
/1 Synthetix is the most undervalued protocol in the #DeFi space based on its 30 days revenue🤑

But how does it work?

How did it generate $11M revenue in the last 30 days?

A 🧵 about @synthetix_io and its roadmap👇
@synthetix_io /2 Overview

Synthetix is defined as a decentralized synthetic asset issuance protocol.

So Synthetix allows the creation of synthetic assets(Synths) without being backed by the original asset.

But why would someone use a synthetic asset? 🤔
@synthetix_io /3 Here are the top benefits of the Synths assets:

- you can hold a synthetic token that tracks the value of any asset(AAPL, oil, S&P 500, EUR, BTC, etc.)
- whales can do large swaps with nearly 0 slippage
Read 14 tweets
Jul 20
/1 The #crypto projects that keep innovating in this bear market are here to stay. 🚀

If you're looking for interesting projects that continued to evolve, this thread is for you!

Here are my favorite #DeFi projects based on their recent progress 🧵 👇 Image
/2 @traderjoe_xyz - the biggest #DEX on #Avalanche

There isn't any DEX project that progressed as much as Trader Joe in 2022.

Here are their most important recent achievements:
- a brand new innovative launchpad
- Tokenomics Overhaul
- a new NFT Marketplace Image
@traderjoe_xyz The team stated that they are working now at DEX V2, which will be a new type of AMM.

They didn't give us many details about it, but I promise to keep you updated on the latest news regarding DEX V2.

Here's an in-depth thread about Trader Joe:
Read 11 tweets
Jul 19
/1 The battle⚔️ of Perpetual DEXes has begun.

Decentralized perpetual exchanges are a trending topic right now. 🔥

So I decided to compare the most popular ones:
@dYdX
@GMX_IO
@GainsNetwork_io

Join me for a 🧵 to find out more about their Pros and Cons 👇
@dYdX @GMX_IO @GainsNetwork_io /3 Let's begin with a small recap. 🧾

gTrade and dYdX offer synthetic exposure to multiple assets, while GMX allows traders to open trades using only the assets from GLP pool.

The synthetic exposure allows the first 2 DEXes to list every asset that has an oracle price feed.
Read 17 tweets
Jul 18
/1 #Elrond project's recent progress is impressive🤯

Elrond's team made some mind-blowing acquisitions in the last months in order to establish itself as a bridge between TradeFi and the #crypto space 🔥

A 🧵 about the strategy that @ElrondNetwork uses to succeed 👇
@ElrondNetwork /2 Technology🧑‍💻

Elrond Network uses Adaptive state sharding and PoS consensus in order to achieve high scalability.

Elrond's team stated that Elrond can achieve 15.000 TPS at this moment, with the possibility to scale up to 263,000 TPS due to its sharding model!
@ElrondNetwork /3 As I said in the first tweet, Elrond took a different approach to make interested more people about the Crypto space.

In order to accelerate the onboarding process for the new users, their team recently acquired:
-Twispay
-Utrust
Read 10 tweets

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