Thales benefits from Velodrome's liquidity acquisition and flywheel
Thales benefits from Velodrome's liquidity acquisition and flywheel
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.
Our friends at @thalesmarket experienced the impact of Velodrome's liquidity acquisition and flywheel firsthand! 🚴♀️ We've crunched the numbers for the epoch ending Nov. 16th - and the results speak volumes. Let's dive in and explore the insights.
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.👇
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…
Velodrome just had its highest swap fee epoch in 15 weeks—with over $180,000 swap fees generated. 🚴 Combined with voting incentives, Velodrome distributed ~$420,000 in rewards for $veVELO voters in epoch 80. 🤝 Check out more protocol metrics here: dune.com/0xkhmer/velodr…
The 3rd OP govNFT Race is still underway 🚴♀️💨✨ The top 100 $VELO lockers are competing for their slice of 100k vesting $OP tokens. While $OP tokens vest, govNFTs can be used to participate in @OptimismGov. Check your position in our dedicated Dune: dune.com/0xkhmer/velodr…
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.*