New Listing on Rivo: Velodrome SNX-USDCe Vault with 25.33% APY
New Listing on Rivo: Velodrome SNX-USDCe Vault with 25.33% APY
馃敟 Earn 25% APY
Velodrome Finance has announced the listing of its SNX-USDCe vault on the Rivo Yield Marketplace, offering an estimated 25.33% annual percentage yield (APY). The vault deposits assets into the SNX-USDCe liquidity pool on Velodrome and stakes the LP tokens, earning the VELO governance token. The earned VELO tokens are swapped for more underlying assets and auto-compounded by Beefy Finance to boost yields. Users can invest in the vault using any token and monitor their earnings and manage their positions through Rivo.
馃摙 New Listing on Rivo Velodrome SNX-鈥婾SDCe vault by @VelodromeFi is now available on Rivo Yield Marketplace with ~25.33% APY馃敟 鈿欙笍How it works $SNX is the governance token of @synthetix_io, a decentralized liquidity provisioning protocol built on Ethereum and @Optimism. The
VELO Fed Transitions to Community-Controlled Emissions
Velodrome's VELO Fed is implementing a major governance change, shifting from fixed emission schedules to community control. veVELO token holders will now have direct influence over weekly emission rates through voting. Key changes: - Emissions can be adjusted up/down by 0.01% weekly - Initial transition phase maintains 0.3% weekly rate - Rate caps: min 0.01% to max 1% weekly - Designed to support Superchain expansion The system aims to create a more responsive monetary policy while maintaining stability during the protocol's growth phase across multiple chains.
SuperStacks Program Launches with Velodrome on Optimism Superchain
Velodrome and Optimism have launched SuperStacks, a new interoperability rewards program running April 16 - June 30. Users can earn XP (redeemable for $OP) by providing liquidity in eligible pools across the Superchain. **Eligible Pools:** - USDT0/WETH (OP Mainnet) - USDT0/USDT (OP Mainnet) - USDT0/WETH (Ink) - WETH/kBTC (Ink) - USDT0/ETH (Soneium) Rewards are based on liquidity amount, duration, and surprise factors. Learn more at [SuperStacks Dashboard](http://app.optimism.io/superstacks)
UX Upgrade Makes Providing Liquidity More User-Friendly
A significant update to the liquidity provision interface introduces several user-focused improvements: - New intuitive, guided deposit experience - Pool type filtering between Concentrated and Basic options - APR comparison tools across ranges and ALM - Mobile-optimized interface for LP management **Step-by-Step Process:** 1. Access Liquidity>Deposit Liquidity 2. Pick token pair and chain 3. Select pool type 4. Configure price range 5. Complete deposit 6. Stake position **ALM Feature Highlight:** Automated Liquidity Management (ALM) offers hands-free LP management with dynamic market adaptation.
Velodrome Achieves Major Milestone with 55% Supply Lock
Velodrome Finance has reached a significant milestone with approximately 55% of its $VELO supply now locked. Key metrics: - Average lock duration: 3.6 years - 91% of locks are auto-max locked - 6% of votable $veVELO supply in Velodrome Relay Auto-max locking automatically extends locks weekly to the maximum duration of 4 years, effectively removing tokens from circulation until deactivated. The Velodrome Relay system automates voting, reward claims, and compounds returns into max-locked $VELO positions. [Check current lock statistics](https://velodrome.finance/locks)
Weekly Highlights: Soneium Ecosystem Growth and Volume Surge
- ETH & BTC trading volumes show remarkable 13X year-over-year growth - Optimism Mainnet sees improved capital efficiency - Soneium launches ACS Season 5 with new campaign and badge system - Platform achieves new ATH of $9.66M in dapp volume - Notable metrics: * 74% increase in Unique Active Wallets * 25% growth in transactions - SakeFi and KyoFinance lead volume activity - KyoFinance introduces OP rewards for LP incentives - New staking opportunities and quest system implemented for enhanced earning potential Track ecosystem metrics: [DappRadar Rankings](https://dappradar.com/rankings/protocol/soneium)