Velodrome Liquidity Engine Joins Mode Network on Superchain
Velodrome Liquidity Engine Joins Mode Network on Superchain
馃敟 Liquidity Boost Incoming
Velodrome, the liquidity engine of the Superchain, has announced its integration with the Mode network. This move allows Velodrome to help bootstrap liquidity for the Mode ecosystem and provide opportunities for new builders. Previously, Velodrome had signaled its evolution from a liquidity marketplace for protocols to one for layers on the Superchain. Mode is the first layer to benefit from Velodrome's liquidity incentives, with more layers expected to follow.
One aspect of Velodrome鈥檚 shift to the Superchain is its evolution from a liquidity marketplace for protocols to one for layers. Every Superchain needs liquidity and Velodrome will be the easiest place to incentivize access to it. Mode is just the start. Tune in next week.
To support Velodrome's growth on Mode, @modenetwork has committed to offering $1M in voting incentives to boost ecosystem rewards. Just like our successful "Tour de OP" program on Optimism, this will make it highly efficient for protocols to deploy and grow on Mode.
Superchain LP Rewards Update
Latest liquidity pool rewards across the Superchain show strong yields, with Ink's USDC.e-WETH pair leading at ~203% APR, followed by Lisk's USDT-USDC at ~152% and Superseed's WBTC-WETH at ~102%. This continues a trend of robust yields across the network, with some pools previously reaching over 3,000% APR on Soneium. The data indicates sustained liquidity incentives across multiple chains and trading pairs. Velodrome maintains its position as a key liquidity hub across the Superchain ecosystem, consistently offering competitive yields to liquidity providers. The platform continues to support deeper liquidity and better execution across multiple chains.
Slipstream Delivers Best Swap Efficiency on OP Mainnet
Slipstream's concentrated liquidity protocol continues to lead in swap efficiency for blue-chip trading pairs on OP Mainnet. The platform emphasizes three key benefits: - Optimal execution for major token swaps - Concentrated liquidity for enhanced efficiency - Streamlined user experience The protocol maintains its position as a premier swapping venue on the Optimism network, offering traders improved rates through focused liquidity pools.
ACS Campaign Final Countdown: 72 Hours Left for 100M ASTR Rewards
The 100-day ACS Campaign on Soneium is entering its final phase with less than 72 hours remaining. Key points: - Total reward pool: 100M ASTR - Special OG Badge eligibility for holders with 1,000+ ACS - Eligible pools for staking: - CL100-WETH/USDC - vAMM-WETH/USDC - CL50-ASTR/WETH - CL1-USDT/USDC - CL200-WETH/xVELO Campaign ends May 30th. Participants must stake liquidity in eligible Velodrome pools to qualify for rewards. **Action needed**: Deposit and stake in eligible pools before the deadline to secure rewards.
MetaDEX: A New Model for Decentralized Exchange
Dromos outlines the fundamental principles of MetaDEX, a new approach to decentralized exchanges. The model emphasizes three key characteristics: - **Trustless Operation**: Value transfers occur directly through code, eliminating intermediaries - **Immutable Design**: Protocol mechanics remain fixed and transparent - **Complete Value Distribution**: All revenue is returned to users The analysis suggests that successful decentralized protocols must maximize user value to remain competitive. Velodrome is highlighted as an example implementing these principles. [Read the full analysis](https://paragraph.com/@dromos/the-metadex-and-defi-introduction-and-overview)
Liquid Staking Token wstASTRA Launches on Velodrome
Astake's liquid staking token wstASTR has launched on Velodrome, expanding the Astar Network ecosystem on Soneium. The token is now available for trading and liquidity provision, paired with $ASTR. This launch follows several recent additions to Velodrome's platform: - $BOLD paired with USDC and LUSD - Merlin's M-BTC paired with WBTC on Lisk - Lido's wstETH paired with WETH on Lisk - WBTC trading pairs on Unichain *Liquidity providers can earn rewards through active emissions programs.*