Velodrome Maintains Market Leadership on Soneium

**VELO Token Locking Metrics Show Strong Community Commitment** Approximately **54% of VELO's total supply** remains locked by holders, demonstrating sustained confidence in the protocol. **Key Statistics:** - Average lock duration: **3.61 years** - **89% of locks** are set to auto-max - Over **14,000 veVELO holders** participating - **$73M+ in voter rewards** distributed to date The locking mechanism allows VELO holders to earn voting power and rewards while committing their tokens for extended periods.

**Velodrome demonstrates remarkable capital efficiency** on Unichain, with its top pool generating nearly identical trading volume to competitors while using only **1% of their total value locked (TVL)**. - **85x efficiency advantage** over competing protocols - Significantly higher volume-to-liquidity ratio - Continues pattern of superior performance on layer 2 networks This efficiency metric highlights how Velodrome's liquidity infrastructure **maximizes returns for liquidity providers** through optimized capital utilization. The protocol's ability to generate substantial trading activity with minimal locked capital suggests strong market demand and effective incentive mechanisms.

Velodrome reminds users to access their platform through **decentralized domains** during ongoing migration: - [velo.drome.eth.limo](http://velo.drome.eth.limo) - [velo.drome.eth.link](http://velo.drome.eth.link) - [aero.drome.eth.limo](http://aero.drome.eth.limo) - [aero.drome.eth.link](http://aero.drome.eth.link) The platform continues emphasizing **decentralized frontend access** for security during this transition period. *Use only official decentralized domains to avoid potential security risks.*

A centralized domain provider suffered a social engineering attack, affecting platform operations. The team has regained control of their domain and is working to restore full functionality. **Key developments:** - Social engineering attack targeted domain infrastructure - Control has been restored following the incident - Primary domain restoration still in progress **Moving forward:** The attack highlights vulnerabilities in centralized domain systems. A comprehensive plan is being developed to reduce dependence on traditional domain providers and improve security infrastructure. Full technical details and response measures will be shared once the restoration process is complete.

**Velodrome Finance is actively investigating a frontend compromise** and has issued an urgent warning to users. **Key Safety Measures:** - Do not access the site through any URL - Avoid primary domain and decentralized mirrors - Wait for official confirmation that everything is safe **Important:** All smart contracts remain secure and uncompromised. The issue appears limited to the website frontend only. This follows a pattern of similar frontend attacks in DeFi, including a previous Compound Finance incident where visiting compromised sites put users at risk. **Stay safe** - wait for the all-clear before resuming normal site usage.