USDC migration campaign on Velodrome to start with weekly incentive matches
USDC migration campaign on Velodrome to start with weekly incentive matches
The $USDC migration campaign on Velodrome will begin tomorrow, featuring 10,000 in OP weekly incentive matches. The plan to migrate to @Optimism can be found below.
The $USDC migration campaign kicks off tomorrow, with 10,000 in OP weekly incentive matches on Velodrome. Read more about the plan to migrate @Optimism below.
1/ We are proud to share our analysis and framework to optimize liquidity incentives & facilitate the migration to native $USDC on OP Mainnet. Let's dive into the framework and what the @Optimism community should expect in the coming weeks 馃У馃憞
Velodrome Finance Launches Superswaps for Cross-Chain Liquidity
Velodrome Finance introduces **Superswaps**, a new protocol-focused solution for cross-chain liquidity deployment. Key features include: - Consolidated liquidity across chains - Native onchain execution for enhanced speed and security - Vendor-independent interoperability - Built-in MEV protection Protocols can now launch liquidity on a single chain and efficiently scale across the ecosystem. This development marks a significant step in DeFi infrastructure on the Superchain. Learn more: [Superswaps Documentation](https://velodrome.finance/superswaps)
cEUR Launches on Velodrome with USDT & CELO Pairs
Velodrome Finance expands its offerings on the Celo network with the launch of cEUR trading and liquidity provision options. - New trading pairs include: - cEUR/USDT - cEUR/CELO This follows last month's successful USDC launch which introduced USDC/WETH and USDC/CELO pairs. Emissions rewards are now active for liquidity providers. *Liquidity providers can now participate in these new pools to earn rewards.*
Velodrome Reaches Major Token Lock Milestone
Velodrome Finance has achieved significant token lock metrics on Optimism: - 55% of total $VELO supply now locked - Average lock duration extends to 3.61 years - 92% of locks are set to auto-max extension - Over 14,000 $veVELO holders participating Auto-max locking means tokens are automatically extended weekly to the maximum 4-year duration, effectively removing them from circulation until deactivated.
Velodrome Slipstream LP Rewards Update
Latest Velodrome liquidity pool rewards on Celo show significant yields: - WETH-CELO pair offering ~738% APR - cUSD-CELO pair at ~580% APR - USDT-WETH pair providing ~92% APR This follows a pattern of high yields on Celo pairs, with previous launches showing: - CELO-USDC reaching ~2,505% APR - CELO-cUSD at ~752% APR Velodrome continues to expand its presence across the Superchain with competitive LP rewards. Check all opportunities at [Velodrome's Liquidity page](https://velodrome.finance/liquidity)
Safe Multisig Wallet Enhances User Experience Across Superchain
Safe and Gelato Network have collaborated to streamline multisig operations across the Superchain, introducing key improvements: - Eliminated WETH approval requirements for sponsored execution - Enhanced transaction receipt functionality - Improved UX for core features including swap, liquidity provision, and farming Safe wallet owners can now execute multisig transactions more efficiently, with seamless voting and claiming processes. The update particularly benefits users of swap, farming, and DuoEarn features. *Integration with Gelato Network enables sponsored transactions for all multisig voters.*