Thales benefits from Velodrome's liquidity acquisition and flywheel

By Velodrome
Jan 16, 2024, 9:38 AM
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Thales protocol achieved powerful results by utilizing voter incentives, Protocol Owned Liquidity (POL), and Protocol Owned Votepower (POV) strategies on Velodrome.​ They directed $16.​9K in VELO to their pools with just $3.​8K in THALES, acquiring $410 of TVL for every $1 in incentives - 2.​75x more effective than Uniswap.​ Thales' voting power now earns more LP rewards per week than their incentives budget.​ Velodrome's acquisition of $veVELO as POV allows protocols to move away from incentivizing in their native tokens.​

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Today is the last day of the public govNFT races, a reminder to get your locks in to qualify for the final round and the final bonus. The program has been a massive success and will continue for select protocols through early next year. Read more below.👇

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Velodrome
@VelodromeFi

The govNFT Race concludes on November 22nd, marking the end of the Races. Additionally, 50k extra govNFTs will be available to those who locked the most across all three Races! 🏁 More info here on the govNFT Race: medium.com/@VelodromeFi/v…

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