Warning about the link in Velodrome's Twitter bio
Warning about the link in Velodrome's Twitter bio
Velodrome advises not to use the link in their Twitter bio and instead use the link provided in the quoted tweet, as it is a safe mirror link.
To be clear, do NOT use the link in our Twitter bio. The link in the quoted tweet is a mirror and is safe. Only use that one for now.
Protocol funds are safe, contracts are unaffected; please ensure you are accessing our decentralized frontend at velo.drome.eth.limo and review any permissions granted in the last several hours.
VELO Fed Transitions to Community-Controlled Emissions
Velodrome's VELO Fed is implementing a major governance change, shifting from fixed emission schedules to community control. veVELO token holders will now have direct influence over weekly emission rates through voting. Key changes: - Emissions can be adjusted up/down by 0.01% weekly - Initial transition phase maintains 0.3% weekly rate - Rate caps: min 0.01% to max 1% weekly - Designed to support Superchain expansion The system aims to create a more responsive monetary policy while maintaining stability during the protocol's growth phase across multiple chains.
SuperStacks Program Launches with Velodrome on Optimism Superchain
Velodrome and Optimism have launched SuperStacks, a new interoperability rewards program running April 16 - June 30. Users can earn XP (redeemable for $OP) by providing liquidity in eligible pools across the Superchain. **Eligible Pools:** - USDT0/WETH (OP Mainnet) - USDT0/USDT (OP Mainnet) - USDT0/WETH (Ink) - WETH/kBTC (Ink) - USDT0/ETH (Soneium) Rewards are based on liquidity amount, duration, and surprise factors. Learn more at [SuperStacks Dashboard](http://app.optimism.io/superstacks)
UX Upgrade Makes Providing Liquidity More User-Friendly
A significant update to the liquidity provision interface introduces several user-focused improvements: - New intuitive, guided deposit experience - Pool type filtering between Concentrated and Basic options - APR comparison tools across ranges and ALM - Mobile-optimized interface for LP management **Step-by-Step Process:** 1. Access Liquidity>Deposit Liquidity 2. Pick token pair and chain 3. Select pool type 4. Configure price range 5. Complete deposit 6. Stake position **ALM Feature Highlight:** Automated Liquidity Management (ALM) offers hands-free LP management with dynamic market adaptation.
Velodrome Achieves Major Milestone with 55% Supply Lock
Velodrome Finance has reached a significant milestone with approximately 55% of its $VELO supply now locked. Key metrics: - Average lock duration: 3.6 years - 91% of locks are auto-max locked - 6% of votable $veVELO supply in Velodrome Relay Auto-max locking automatically extends locks weekly to the maximum duration of 4 years, effectively removing tokens from circulation until deactivated. The Velodrome Relay system automates voting, reward claims, and compounds returns into max-locked $VELO positions. [Check current lock statistics](https://velodrome.finance/locks)
Weekly Highlights: Soneium Ecosystem Growth and Volume Surge
- ETH & BTC trading volumes show remarkable 13X year-over-year growth - Optimism Mainnet sees improved capital efficiency - Soneium launches ACS Season 5 with new campaign and badge system - Platform achieves new ATH of $9.66M in dapp volume - Notable metrics: * 74% increase in Unique Active Wallets * 25% growth in transactions - SakeFi and KyoFinance lead volume activity - KyoFinance introduces OP rewards for LP incentives - New staking opportunities and quest system implemented for enhanced earning potential Track ecosystem metrics: [DappRadar Rankings](https://dappradar.com/rankings/protocol/soneium)