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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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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