Kaff 📊 Profile picture
May 12 14 tweets 5 min read Twitter logo Read on Twitter
🚀 The biggest #AMM on #Optimism with only $20M MC but holding $250M TVL

Just add $Velo @VelodromeFi to my portfolio!

MC: $20M; Price: $0.08

The OP eco will heat up again and all things've been done for the next big boom of $Velo

A thread on $Velo 🚪 why you shouldn't fade it Image
1️⃣ OP's bedrock upgrade

▪️ Bedrock is a huge upcoming upgrade for the Optimism chain that allows for reduced fees and transfer times up to 4x faster.

▪️ To catch details about Bedrock and the current state of Optimism, read this thread 👇🏻
2️⃣ A quick introduction to Velodrome.

▪️ Velodrome is an #AMM and a liquidity marketplace built on #Optimism, Velodrome is a fork of #Solidity.

▪️ Velodrome aims to provide the deepest liquidity, lowest slippage, and the best rates on the market for its users.
▪️ Currently, Velodrome is the largest protocol on Optimism which holds 30% TVL dominance of #Op ecosystem. Image
3️⃣ Velo token

▪️ Circulating supply: 242,087,784 VELO

▪️ MC: 20M

▪️ TVL: 247M
▪️ Currently, more than 75% of the total supply is locked in the form of veVELO for an average of 3.6 years.

▪️ Velo has generated ~$900K total trading fees which will distribute back to veVELO voters. Image
▪️ With its impressive performance, Velo is showing as the best successful protocol on Optimism.

▪️ But it doesn't stop here, the upcoming upgrade of Velodrome will boost the protocol and attract more Velo holders alike.
4️⃣ The V2 upgrade

[1] Concentrate liquidity

▪️ This feature can capture more trading volume without increasing TVL by minimizing slippage on big trades. Image
▪️ With adjustable fees, it can also benefit veVELO voters with higher fee rewards while reducing liquidity incentive expenses for the protocols.
[2] Adjust the trading fees

▪️ The whitelisted protocols will be able to set their fee for trading on their pools on Velodrome.

▪️ If the fees are set high, it may motivate $veVELO voters to allocate their emissions towards those pools, then earn more from the fees of the pool
[3] Velo Fed

▪️ veVELO holders can now vote to modify the monetary policy regarding the $VELO supply.

▪️ The platform offers 3 voting options: increase, decrease, or maintain current emissions, inviting holders to stake their $VELO tokens for locking purposes.
Maximum emission rate: 1% per week (52% per year)

Minimum emission rate: 0.01% per week (0.52% per year)

▪️ Currently, the emission rate stands at 0.98% per week, but veVELO holders will be able to decrease it as per the market trends.
[4] Launchpad

▪️ The launchpad feature will be released right after the V2 upgrade which will benefit VELO holders.
4️⃣ Conclusion

▪️ Velodrome's impressive performance has made it the most successful protocol on Optimism.

▪️ Velodrome V2 makes it even more worthwhile to look like an Ape.

• • •

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More from @Shitgem_xyz

May 15
As a fellow gamer and lover of all things #CSGO 🤩

I’m excited to participate in the upcoming #IDO event hosted by $RUSHB - the ultimate gaming hub for all things CSGO Esport.

So, Let’s the game begin!! A thread @rushbhub 🧵 👇🏻

$ZKS #ZKsync #Gems Image
This thread will cover 👀

1️⃣ What is RushB Hub?

2️⃣ Key features

3️⃣ Tokenomics

4️⃣ $RUSHB Public sale

5️⃣ Conclusion - Kaff’s thoughts
1️⃣ What is RushB Hub?

▪️ RushB Hub is a blockchain-based platform built on Zksync Era that focuses on the upcoming major update of CS:GO 2

▪️ RushB establishes a decentralized marketplace for CS:GO gamers to trade in-game items, offering fast, easy, and secure trading. Image
Read 17 tweets
May 8
🔥 #BRC 20 will be the next narrative after the #Meme $Pepe surge goes down.

$Ordi has performed #1000X since free mint on Unisat.

Spent hours diving deep into the Brc-20 network.

Everything about BRC20

How to make profit on BRC20 💰 🤑

I’ve got you covered here 🚪 Image
1️⃣ What is BRC-20

To make it simply, We have #ERC20 - token standard on Ethereum, #BEP20 - token standard on BNB.

Then, #BRC20 is a fungible token standard on Bitcoin blockchain.
#BRC20 is deployed using #Inscription or #JSON file, allowing users to create and transfer tokens.

The BRC20 standard was created by @domodata on March 8th.
Read 10 tweets

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