SuperStacks Program Launches with Velodrome on Optimism Superchain
SuperStacks Program Launches with Velodrome on Optimism Superchain
🌟 DeFi Just Got Stackable
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
SuperStacks has arrived 🔴 Velodrome joins @Optimism to kick off SuperStacks—an interop-focused program that rewards users in real time for engaging in DeFi across the Superchain. How to get rewards 👇
Use the Superchain and get rewarded: SuperStacks is here. Connect your wallet. Provide liquidity. Earn XP. Be the first to get started ↓
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.
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)