Velodrome is Going Mainstream with @soneium 💿

Velodrome is expanding to Soneium, @Sony Block Solutions Labs' next-gen Layer 2 built on the @Optimism Superchain.

#GMwithSoneium

We’re ready to power the future of Web3 with @soneium. Check out more below 👇 Introducing Soneium: A blockchain ecosystem bridging Web3 & Web2.
"Empowering developers, creators, and communities with a developer-friendly platform."
🔗 soneium.org/en/

Yield Bearing Asset OP Grant on Velodrome 🚴🔴

Optimism has awarded Velodrome a 200,000 OP grant to supercharge liquidity for Yield-Bearing Assets (YBAs) across the @optimism Mainnet. Campaign Aim 🎯

The goal is to drive up YBA TVL by encouraging YBA deposits and expanding Velodrome’s reach across Optimism, positioning it as the go-to platform for Yield-Bearing Assets.

Velodrome began as the central liquidity hub of @Optimism Mainnet, today we begin our evolution into the liquidity hub of the Superchain.

Velodrome will be expanding first to @modenetwork. 🟡 🚴‍♀️💨

Read all about our very first Superchain partnership below. The Superchain is a quickly growing network of L2 chains that will share bridging, governance, upgrades, a communication layer and more — all built on and powered by the OP Stack.

Velodrome will serve as the primary MetaDEX of the Superchain.

docs.optimism.io/stack/explainer

We're bringing the next wave of projects to Optimism.

That means 150,000 OP will go to those who generate referrals and proposals that onboard new projects.

Learn more below. 👇 Have a project that you think would be great on Optimism?

Refer them to us or create a DAO proposal that helps to onboard them to the ecosystem and you can earn bonuses once they're active on Velodrome.

Yesterday, Velodrome did more volume than GMX.

It is the largest protocol on Optimism, hosting more TVL than Uniswap, Curve, Beethoven X, and Kyberswap combined.

Indeed, it is now 10th largest DEX in all of DeFi.

The "Velodrome Model" is upending the DEX landscape.

👇 Ever since the failure of Andre Cronje's Solidly the predominant narrative has been that the underlying model was flawed.

It has been taken, nearly as an article of faith, that there was no way it could compete with the most established players.

Velodrome has shown otherwise.

Optimism's grant programs are designed to stimulate it's broader economy, fueling explosive ecosystem growth.

Velodrome isn't just another protocol on Optimism, it is the secondary economic engine of the ecosystem.

Delivering a 4.5x multiplier for every $OP incentive spent. Incentive programs fail because they don't ask much in return.

Boosted LP rewards, usage incentives, gas rebates are easy for mercenaries to drain without creating any sustaining impact.

On Velodrome, we designed our programs differently.

Velodrome and the ve(3,3) revolution have been underestimated by many.

The solidly model had flaws, but Andre Cronje's core design is a game-changer with the right execution.

👇Here's why ve(3,3) will power the L2 DeFi era. If we think of blockchains as cities, liquidity would be their power grid. Without it, protocol activity dies off.

As L2s compete to attract the next wave of builders, they'll need base-layer protocols that can attract and retain liquidity to power their ecosystem.

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! 🚴‍♀️💨

👇 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.

✨Exciting News Racers ✨

Velodrome is receiving a 3,000,000 $OP grant from @optimismPBC to accelerate our efforts deepen liquidity and drive value back to the ecosystem.

Want details on the grant and how we'll use it?

Let's go for a quick ride!🚴‍♀️💨

👇 Velodrome is an AMM designed to be the central trading and liquidity marketplace on Optimism.

We operate as a public good, where 100% of fees and bribes goes back to $veVELO lockers.

@optimismPBC bootstrapped us to help solve the biggest barrier to ecosytem growth: liquidity.

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.

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'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.

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

The #VeloRaces on @optimismPBC begin Tuesday!

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