Epoch 123 Update: Record Rewards for veVELO Voters
Epoch 123 Update: Record Rewards for veVELO Voters
🚴 Record-breaking rewards!
Velodrome's Epoch 123 saw $322 million in trading volume, with Slipstream accounting for 95%. veVELO voters received their highest total rewards in the last 7 epochs, totaling ~$479k. This continues a trend of strong performance, as Epoch 120 had $233 million in volume with $375k in rewards. Velodrome remains a dominant force on Optimism, consistently delivering high volumes and rewards through its Slipstream concentrated liquidity pools.
Check your GovNFT Dashboard 🔴 If you locked VELO during July or August, you earned a GovNFT. Ceck out the Dashboard and follow the instructions in the thread below. govnft.eth.limo
GovNFTs from the Summer Lock Bonus Distributed 🔴 If you locked VELO for Race #1 or Race #2, you earned a GovNFT containing vesting OP. The OP will be claimable on Nov 22, 2024. As a reminder, you must delegate your OP. Follow the instructions in the thread below, racers. 🚴♂️
Velodrome Volume Dominance on Optimism 🔴🚴♂️ Velodrome reached an all-time high on August 19th, capturing 65% of the volume on @optimism compared to UniV3. Slipstream is the place for efficient trades during #SuperFest.
Velodrome Continues Leading the Pack 🚴 September 5th marked another all-time high for Velodrome, capturing 74% of the CL volume on the @optimism mainnet compared to UniV3. Velodrome's flywheel offers steady rewards to liquidity providers. 🔴
Final Week for OP GovNFT Bonus 🔴 New VELO locks will be entitled to a GovNFT containing a 28% OP bonus. Race #2 ends on Sept 1 so this is the last week to participate in the program. >13,700 veVELO voters are earning ~30% vAPR from Velodrome's Total Rewards.
Slipstream Growth 🚴♂️💨 Since its launch in Epoch 94, Slipstream has seen consistent growth, significantly contributing to the overall volume on Velodrome. As @optimism's top CL solution, Slipstream offers reliable LP rewards and user-friendly, wider tick spacing.
Velodrome Volume Dominance on @Optimism 🔴 🚴 Velodrome has reached an all-time high, capturing 63% of the volume compared to UniV3. Slipstream is the place for efficient trades during #SuperFest.
SuperFest Update on Velodrome on Mode 🟡🚴♂️ Dual OP+MODE rewards for many LPs: • WETH-MODE: 52.4% APR + 16.5% OP • WETH-USDC: 24.2% APR + 6% OP • STONE-WETH: 23.5% OP • WETH-weETH: 5.5% APR + 17.5% OP • WETH-ezETH: 4.3% APR + 13.2% OP • USDC-USDT: 7%
Best in Class Incentives Efficiency 🚴♂️ In Epoch 122, protocols received 2.06x in VELO LP rewards for every $1 of voting incentive deposited. Velodrome is the Superchain's best liquidity bootstrapping engine. 🔴
Retro Funding 4 Rewards 🚴♂️ Optimism generously rewarded Velodrome with OP for our contributions growing the Superchain. The Optimism Superchain is the ideal place to build in Web3. Optimism rewards teams looking to create long term impact. Thank you @optimism. 🔴
🔴Retro Funding 4 results are here!🟣 10M OP is rewarded to 200+ projects that deployed contracts on the Superchain according to their onchain impact. (@base @modenetwork @zora @fraxfinance @metal_l2 and OP Mainnet) Check the results: retrofunding.optimism.io/round/results
OP Bonus Opportunities on Velodrome 🚴♂️🔴 Velodrome rides into August and VELO locks are receiving generous OP bonuses from #SuperFest and GovNFT. Keep track of Race #2 GovNFT and the latest SuperFest bonus on our Dune: dune.com/satoshilollol/…
Epoch 115 Recap 🚴♂️ Velodrome volume reached $207M, with Slipstream contributing 92%. veVELO voters earned about $364K in rewards, yielding a 31.35% vAPR. Since inception, veVELO voters have received over $54M in total rewards. 📈
$15 billion in volume 🚴♂️🎉 Velodrome has surpassed $15 billion in cumulative volume. Velodrome is the top DEX on @optimism mainnet and, with Superchain 1.0 on the horizon, it will soon be the liquidity hub for the entire Superchain.
Get ready for SuperFest rewards on Velodrome. More details coming #soon. 🚴♀️💨✨
Introducing SuperFest - the Superchain DeFi Festival. superfest.optimism.io Line up below 👇
Velodrome Superchain 1.0 is a massive technical undertaking, and is on the horizon, but what exactly will that entail? Read about the specific changes and how Velodrome will benefit Superchain L2s in bootstrapping thriving ecosystems. medium.com/@VelodromeFi/v…
Final day to lock VELO as part of Race #2 of GovNFT.
🔴 GovNFT Recipients - Next Steps 🔴 Follow the steps in this @NotionHQ guide to begin your Optimism Governance journey and earn a share of 25,000 OP. @opmichael_eth explains how to earn the required points, below. pyrite-mangosteen-494.notion.site/GovNFT-Incenti…
Week 2 of @optimism #SuperFest 🔴🚴♂️ New VELO lockers will share another 9,375 OP this week. Join the nearly 300 new lockers and participate in the Summer DeFi Festival. New lockers also receive additional OP as part of the GovNFT program. dune.com/satoshilollol/…
Maximizve VELO Rewards with @mellowalm 🚴♂️ Following @mellowalm's instructions, using the new ALM is easy. Velodrome offers wider tick-spacing and now concentrated liquidity management, committed to delivering the best user experience across the Superchain.
How to use it: Go to: velodrome.finance/liquidity. Then filter by concentrated pools: If you see the drop-out sign next to the deposit sign, hooray, ALM is available! Choose the 'Automated Price Range' to use Mellow ALM. Check the screen below:
Epoch 121 Update 🚴♂️ Velodrome recorded its fourth-highest volume ever, reaching $233 million this epoch. Slipstream contributed 92% of this volume. veVELO voters earned approximately $384,000 in total rewards.
The @Optimism Superchain is Ethereum's best scaling solution, delivering a fast, low cost, mobile app-like experience with Ethereum's security benefits. Velodrome will play a critical role in building the Superchain. Read on to learn more. 🚴♂️
Slipstream All-time High Volume 🚴 Slipstream volume was an unprecedented $83.6m yesterday and yesterday's fees settled on a high of $64k. Velodrome is the hub for @optimism and the wider Superchain. 🔴
Slipstream All-time High Fees 🚴♂️ As volume and DEX aggregators integrate Slipstream pools, daily fees reached an ATH of ~$55k today so far. Velodrome is the leading DEX on @optimism for concentrated liquidity.
Epoch 118 Recap 🚴♂️ Velodrome volume reached $244m this epoch, with Slipstream accounting for 95% of that. veVELO voters shared ~$402k in total rewards.
Lock Bonus Update 🚴♂️ @optimism #SuperFest and Velodrome's GovNFT lock bonuses are both live. Earn OP by locking VELO from #SuperFest and the GovNFT locking bonus. dune.com/satoshilollol/… Double lock programs to get the weekend off to a fast start, racers.
Metal L2 Superchain VELO Locker 🚴♂️ @Metal_L2 have locked $VELO to direct emissions towards Metal L2 pairs. In addition, they'll receive OP #SuperFest and GovNFT bonuses. Metal L2 uniquely connects directly to banks and payment partners. Velodrome will be live on Metal L2 soon.
Best in Class Incentives Efficiency 🚴🏼 In epoch 120, protocols incentivizing on Velodrome received a 1.9x multiplier in LP rewards for every $1 of voting incentive deposited. Velodrome is the Superchain's best liquidity bootstrapping engine.
Velodrome's Superchain Journey 🚴♂️💨 Velodrome is now live on: @optimism, @modenetwork, and @build_on_bob. Plus, five more chains are coming. The OP Stack enables quick deployment and an interoperable Superchain future. Velodrome will be the liquidity hub for the Superchain. ⛓️
GovNFTs from the Summer Lock Bonus Distributed 🔴 If you locked VELO for Race #1 or Race #2, you earned a GovNFT containing vesting OP. The OP will be claimable on Nov 22, 2024. As a reminder, you must delegate your OP. Follow the instructions in the thread below, racers. 🚴♂️
Finally, become an Optimism delegate If your GovNFT is larger than 5,000 OP, you can apply to become a delegate. * Post a delegate statement (30 points) * Delegate to yourself (20 points) * Introduce yourself in a community call (25 points) * Vote in a election Cycle (25 points)
ALM TVL Growth 🚴♂️ Since our launch last week, in collaboration with @mellowalm, the Automated Liquidity Management for Slipstream pools has accumulated ~$240k. ALM uses an optimal tick range that maximizes VELO rewards for LPs. Deposit now on Velodrome.
Slipstream All-time High Fees 🚴♂️ As volume and DEX aggregators integrate Slipstream pools, daily fees reached an ATH of ~$55k today so far. Velodrome is the leading DEX on @optimism for concentrated liquidity.
Slipstream APR Comparison 🚴 For $USDC - $WETH LPs, the highest rewards are on Velodrome Slipstream. On @optimism, Velodrome's share of concentrated liquidity volume for swaps sits at 71% against UniV3. @mellowalm is now available to maximize LP rewards for this leading pool.
Ethena LIVE on Velodrome on @modenetwork 🟡 🚴 Warm welcome to @ethena_labs. They've launched $USDe - $USDC on Mode, offering 30x SATS to both sides of the LP position. $sUSDe pool coming soon too. Tried @ethena_labs or @modenetwork yet? We've got you covered, so hop on. 🚲
Week 3 of #SuperFest on Optimism and Mode 🔴🌕 Week 3 of the @optimism DeFi Festival is live on Velodrome. A combined 15,000 OP are available for new VELO locks and LPs on specific @modenetwork pools. Let's grow the Optimism #Superchain jumper.exchange/superfest/rewa…
Epoch 110 Recap 🚴♂️ With a volume of ~$312m, Epoch 110 ranks among the highest volume weeks ever on Velodrome. veVELO voters earned ~$437k in Total Rewards, achieving a 28.07% vAPR. Slipstream concentrated liquidity pools are the catalyst for volume growth.
Epoch 123 Update 🚴♂️ Velodrome volume $322m this epoch, with Slipstream accounting for 95% of that. veVELO voters received the highest Total Rewards in the last 7 epochs, with ~$479k in total rewards.
#SuperFest Heads to Velodrome on @modenetwork 🟡 LP in these pools to share 5,625 OP/week: STONE - WETH: OP WETH - USDC: 23.4% APR + OP WETH - MODE: 68% APR + OP WETH - ezETH: 9.5% APR + OP WETH - weETH: 10.9% APR + OP Also, every new @optimism VELO lock shares 9,375 OP/week 🚴♀️
Velodrome Volume Update 🚴 Velodrome dominates @Optimism mainnet in terms of volume, securing 74% of CL volume yesterday. Not only that, but 60% of total volume onchain.
$15 Million in Cumulative Swap Fees 🚴 Velodrome has crossed $15 million in cumulative swaps fees. As always veVELO voters receive 100% of swap fees and voting incentives. Velodrome is paving the way for liquidity across the Superchain.
Building out the Superchain 🚴♂️🔴 Velodrome is now live on three Superchain L2s - @optimism, @modenetwork, and @build_on_bob. Velodrome is the liquidity hub of the Superchain, poised to deploy on five more chains. New Superchains rely on Velodrome to bootstrap liquidity.
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Superchain Frontend Changes 🚢 Velodrome's evolution to the DEX servicing liquidity across the Optimism Superchain is progressing with key UX improvements. Velodrome will provide a unified trading, LP'ing, incentivizing, and voting strategy across the Superchain. Updates 👇
GovNFT and #SuperFest Lock Bonus Update 🚴♂️🔴 Lock your VELO before 00:00 UTC on Wednesday, August 28th, to claim your share of the 75,000 OP govNFT bonus, now at 52%. Additionally, don't miss the weekly Superfest bonus, currently at 14%, ending tomorrow, Tuesday, at 00:00 UTC.
Velodrome LP Rewards Update on @modenetwork 🚴♂️🟡 • $WETH - $MODE: ~78% • $WETH- $USDC: ~24% • $WETH- $EZETH: ~9.5% • $WETH- $WEETH: ~2.3% #SuperFest OP bonuses are also claimable every Tuesday from @JumperExchange 🔴
Slipstream Volume Update 🚴♂️ On October 1st Slipstream concentrated liquidity surpassed $74.59 million in volume. Velodrome is set to become the liquidity and volume hub for the Superchain. 🔴
Best in Class Incentives Efficiency 🚴🏻♀️ In Epoch 123 protocols received 1.9x in VELO LP rewards for every $1 of voting incentive deposited. Velodrome is the Superchain's best liquidity bootstrapping engine.
Epoch 119 Update 🚴♂️ Velodrome volume reached $308.77m this epoch, with Slipstream accounting for 94% of that. veVELO voters received ~$403.7k in total rewards at a 23.38% vAPR. @mellowalm is now live on Velodrome, too, so expect consistently high volume share.
Slipstream Improvements to Velodrome 🚴♀️ We've shipped some significant improvements for Slipstream concentrated liquidity. New features: • The Slipstream pool deposit range now includes the dollar-value amounts, making it easier to adjust the price range and monitor it •
#SuperFest Update on Velodrome 🚴♂️ Week two of the Summer DeFi Festival on @optimism has one day left. New VELO locks receive a 19% bonus in OP. An additional 9,375 OP will be topped up tomorrow for week 3. Additionally, new locks include GovNFT with a generous 64% bonus in OP.
GovNFT Race #1 Last Chance 🔴 It's the final day of Race #1 where you can earn GovNFTs containing a 34% bonus in vesting OP. In addition, #SuperFest rewards add an additional OP bonus. Lock VELO and take advantage of these unique opportunities today. 🚴♂️
GovNFTs are live on @Optimism 🔴 We are proud to announce the release of GovNFT, an open-source public good to be employed by the Optimism Collective and protocols receiving vesting grants. medium.com/@VelodromeFi/9…
SuperFest and GovNFT Updates 🔴🚴🏼 Earn a 20% OP bonus for locking VELO during the @optimism DeFi Festival. Also, it's the last week to earn a GovNFT, which contains an additional 29% OP bonus. Become a veVELO voter and earn 100% of Velodrome's Total Rewards.
Epoch 115 Update 🚴♂️ Velodrome volume reached $222m this epoch, with Slipstream accounting for 92% of that. veVELO voters received ~$525k in total rewards. veVELO voters reached an average of 30% APR.
Epoch 111 Recap 🚴♂️ The first full week of #SuperFest brought ~$283m of volume to Velodrome. $veVELO voters received ~$646k in total rewards, 32.34% voting APR.
SuperFest is Live on Velodrome 🚴 120,000 OP have been allocated to new veVELO lockers and LPs on @modenetwork. Join the 2024 DeFi Festival and help @optimism grow the #SuperChain. Details: jumper.exchange/superfest/rewa…
🔴🔵 SuperFest, the Superchain DeFi Festival, is officially here. 🟡⚫️ 1.5M OP is dedicated to rewarding users who explore DeFi applications across the Superchain. Get started: superfest.optimism.io
And Velodrome is building the MetaDEX required to grow an interoperable network of Superchains and applications. 🔴🚴♂️
Gather around for storytime. Optimism is not a L2👇
Epoch 120 Update 🚴♂️ Velodrome volume reached $233m this epoch, with Slipstream accounting for 95% of that. veVELO voters always receive 100% of total rewards, approximately $375k in Epoch 120.
Velodrome Leads the Pack 🚴 On September 1st, Velodrome hit an all-time high, capturing 72% of the CL volume on @optimism mainnet compared to UniV3. Velodrome's flywheel offers steady rewards for liquidity providers, regardless of market volatility.
Epoch 117 Update 🚴♂️ This epoch, Velodrome volume hit $273 million, with Slipstream contributing 90% of that amount. veVELO voters earned approximately $366,000 in total rewards, achieving a 30.75% vAPR. Lock VELO, vote, and build in the liquidity hub of @optimism.
Epoch 113 Update 🚴♂️ with volume totaling ~$242m. veVELO voters received ~$481k in total rewards at a 30.31% vAPR.
VELO Lock Bonus 🔴 Locking VELO earns bonus OP from #SuperFest, and let's you participate in the Velodrome MetaDEX as it expands across the Optimism Superchain. Vote to determine which pools will receive VELO rewards across the Superchain and receive 100% of the Total Rewards.
Slipstream APR Comparison 🚴 $WETH-$OP LPs earn a steady stream of VELO rewards, while UniV3 LPs rely on market volatility for fees. Velodrome's share of concentrated liquidity volume currently sits at 70%. @mellowalm is now available for LPs. 🔴
Optimism #SuperFest Rewards 🔴 Provide liquidity on @modenetwork or lock up VELO on @optimism to share 120,000 OP rewards for this summer's DeFi Festival. Check out the eligible pools, and lock your VELO to vote each week for total rewards. 🚴♀️
Epoch 122 Update 🚴♂️ Velodrome volume reached its fourth-highest volume ever, securing $361m this epoch, with Slipstream accounting for 92% of that. veVELO voters received ~$417k in total rewards.
SuperFest Weekend Opportunities 🔴🚴♂️ * New VELO locks - 15% OP bonus from SuperFest and 42% OP bonus from GovNFT * @modenetwork LPs - OP bonuses for select pools Details: jumper.exchange/superfest/rewa… The only summer DeFi Festival happens on @optimism and Velodrome. 😎
#SuperFest Lock Bonus Update🚴♂️🔴 New VELO locks before 00UTC Tuesday get a 20% OP bonus that's claimable later this week. Every new lock also receives a GovNFT with OP, which rewards participation in @optimism governance. dune.com/satoshilollol/…
Velodrome's Volume Reaches New Heights 🚴♂️ Velodrome recorded its highest volume in over a year, hitting approximately $380.9 million. veVELO voters earned a total of about $358,000 in rewards (fees + incentives), with a 24.05% vAPR. 🔴
Dual OP+MODE rewards for many LPs on @modenetwork: • WETH-MODE: 46.3.% APR + 14.7% OP • STONE-WETH: 28.1% OP • WETH-weETH: 5.2% APR + 17.3% OP • WETH-ezETH: 4.3% APR + 16.3% OP • WETH-USDC: 13.9% APR + 3.6% OP • USDC-USDT: 10%
Epoch 112 Recap 🚴♂️ Velodrome reached ~$268m volume during epoch 112, with Slipstream accounting for 89% of that, showing its large growth since inception. veVELO voters received ~$538k in total rewards. 🗳️
Velodrome aims to be the central hub for liquidity and volume across the Superchain. 🚴 Thanks to the upcoming interoperability plans by @Optimism, Velodrome will expand its gauges to multiple OP Stack L2s, offering top-tier liquidity provision and a superior trading experience.
The Superchain is soon becoming one. We'll be bringing a unified experience for transferring assets, building apps, and UX with chains or apps across the Superchain.
#SuperFest coming soon to the @optimism Superchain 🔴🔵🟡⚫ Get ready for a DeFi Festival, racers 🚴
Velodrome's Volume Dominance on Optimism 🔴🚴♂️ On August 21st, Velodrome achieved an all-time high, capturing 68% of the trading volume on @optimism Mainnet compared to UniV3. The chart is up and to the right, which is good for traders, LPs, and voters on the Superchain.
Epoch 109 Update 🚴♂️ $200M of swap volume in epoch 109, with Slipstream contributing 87% of total. veVELO voters received ~$481K in total rewards at a 26.33% vAPR. Cumulative volume has now reached $11B.
Velodrome Racing Ahead 🚴 Since June's update, the USDC - WETH pair's dominance on @optimism mainnet has soared, hitting $725M in volume vs Uni's $95M in September. Velodrome aims to expand across more chains to serve the entire Superchain 🔴
June Slipstream Volume Update 🚴♂️ Slipstream $USDC - $WETH volumes dominated Uniswap V3 last month. Velodrome has emerged as the leading DEX for key pairs on @optimism, providing the best CL experience for both LPs and traders. 100% of the Slipstream fees go to veVELO voters.
Velodrome Liquidity Pool Rewards Update
Velodrome's latest Slipstream LP rewards show strong yields across multiple pairs: - ASTR-USDC.e offering ~571% APR - ASTR-WETH at ~417% APR - oUSDT-WETH yielding ~326% APR - USDT0-WBTC providing ~195% APR These rates reflect Velodrome's continued dominance as the primary DEX across 8 chains on the Optimism Superchain. Recent volume metrics show consistent growth, with cumulative trading reaching $31B and daily volumes regularly exceeding $100M.
Relay Contract Vulnerability Results in $250k Griefing Attack
A vulnerability in Relay's permissionless contract calls allowed griefing attacks during specific Wednesday time windows. The issue affected both OP Mainnet (~$80k) and Base (~$170k) networks. Key points: - User funds remained secure throughout - No smart contract exploitation occurred - Issue resolved via contract call permission updates - Affected partners notified The team will release a detailed incident report and continue coordination with relevant stakeholders.
Soneium ACS Rewards Distribution Goes Live
After a 100+ day campaign period, Soneium has begun distributing $ASTR rewards to participants of eligible Velodrome pools. - Rewards can be claimed at [ACS claim portal](https://acs.astar.network/) - Additional earning opportunities available through [incentivized pools](https://velodrome.finance/liquidity?filters=Soneium) *The ACS campaign was a collaboration between Astar Network and Soneium ecosystem to reward user engagement on Velodrome.*
Amplifi Rebrands to Earned Network, Integrates with Velodrome on Mode Network
**Earned Network** (formerly Amplifi) has announced a strategic integration with Velodrome to enhance DeFi capabilities on Mode Network. Key updates: - Automatic stablecoin swaps now available across various liquidity pools - Integration leverages Velodrome's unique on-chain data structure - AI Agent integration capabilities maintained post-rebrand The partnership aims to streamline DeFi operations and improve liquidity management on the Mode Network ecosystem. Learn more about the transformation at [@Earned_Network](https://twitter.com/Earned_Network)
Velodrome Maintains Market Leadership on Soneium
Velodrome continues its strong performance on Soneium, maintaining its position as the leading DEX platform. Recent highlights: - Achieved #1 DEX status with highest trading volume - Consistently outperforming all other DEXs combined - Sustained $30M+ weekly trading volume This follows a pattern of growth, with recent weeks showing more than double the average volume compared to previous months. *Trading metrics indicate sustained market dominance rather than temporary spike.*