Velodrome

Velodrome's Epoch 123 saw $322 million in trading volume, with Slipstream accounting for 95%. veVELO voters received their highest total rewards in the last 7 epochs, totaling ~$479k. This continues a trend of strong performance, as Epoch 120 had $233 million in volume with $375k in rewards. Velodrome remains a dominant force on Optimism, consistently delivering high volumes and rewards through its Slipstream concentrated liquidity pools.

The latest Superchain Airdrop is in full swing, with over 10 million OP tokens already distributed to eligible participants. This marks a significant milestone in the ongoing airdrop campaign, which still has an impressive 550 million OP tokens left to distribute. - 10M+ OP tokens airdropped - 550M OP tokens remaining for distribution This airdrop is part of the broader Superchain ecosystem expansion, which has seen substantial growth across various layer-2 solutions: - Base: 10M+ actions - Optimism: 5.6M+ actions - Mode Network: 1.2M+ actions - Zora: 600K+ actions Recent additions to the OP Stack include Redstone, Cyber, and Frax Finance, further expanding the Superchain's reach and capabilities.

Velodrome, the primary trading and liquidity hub on Optimism, welcomes @dinero_xyz to its platform. The launch introduces $DINERO tokens across various pools on Velodrome. - Multiple $DINERO pools now available - Voting incentives coming soon for pxETH pools This launch follows the recent addition of @dForcenet's $SUSX - $USDC pool on Velodrome, highlighting the platform's continuous growth and diversification of offerings. For more information on the new pools and upcoming incentives, visit Velodrome's official channels.

**Velodrome calls for community support in BOB Fusion Season 3 voting.** - Round 2 of voting begins tomorrow on the BOB platform - Participants can use Spice in their BOB accounts to cast votes - New ways to harvest Spice introduced this season - Top protocol stands to win a significant prize Velodrome, a key player in Optimism's DeFi ecosystem, is rallying for votes. This event presents an opportunity for the community to shape the future of decentralized finance. **How to participate:** 1. Visit https://app.gobob.xyz/apps 2. Use your Spice to vote for Velodrome Your vote matters in determining the leading protocols in the space.

The latest Tour de OP Yellow Jersey update reveals a shift in the leaderboard: - 🥇 @ExactlyProtocol - 🥈 @LidoFinance - 🥉 @MetronomeDAO Tour participants shared $23.55k in $OP voting incentive boosts, rewarding their contributions to: - Volume - Ecosystem pairs - Voting incentives This marks an increase from the previous week's $21.41k distribution. @ExactlyProtocol reclaimed the top spot after briefly ceding it to @LidoFinance last week. **Key Observation**: The top three contenders have remained consistent over the past several weeks, with only their rankings changing.

Angle Protocol has announced plans to launch two stablecoins, $USDA and $EURA, on the Mode Network. This development follows a recent trend of new launches on the platform, including the introduction of $STONE by Stake Stone. Mode Network users are advised to monitor for potential liquidity provider (LP) rewards associated with these new offerings.

Velodrome's Slipstream concentrated liquidity platform has reported higher swap fees compared to its v2 counterpart for the fifth consecutive epoch. The Slipstream system is designed to provide consistent liquidity provider (LP) rewards across various market conditions. Notably, veVELO token holders receive the entirety of the generated fees. This consistent outperformance suggests a growing preference for Slipstream's concentrated liquidity model among traders and liquidity providers on the Optimism network.

Velodrome's Slipstream concentrated liquidity pools have experienced a surge in fees due to increased trading volumes. The Slipstream model improves upon UniswapV3 by offering wider tick spacing, reducing the need for frequent rebalancing, and providing consistent VELO token rewards to liquidity providers. This incentivizes liquidity provision and helps maintain efficient trading during volatile market conditions. Velodrome complements the concentrated pools with full-range liquidity pools to ensure liquidity availability even during extreme price movements. The platform aims to offer a new paradigm for concentrated liquidity provision and trading with less rebalancing, predictable reward streams, and improved security.

Velodrome, a decentralized exchange on the Optimism network, has announced a referral rewards program offering $OP tokens for successful protocol referrals to Velodrome and Optimism, as well as for drafting successful proposals. This initiative aims to incentivize the growth of the Optimism ecosystem as the layer-2 scaling solution continues to gain traction.

In a significant milestone, the volume on Slipstream, the central trading and liquidity marketplace on Optimism, surpassed the combined volume of all other virtual and smart AMM pools just six weeks after its launch. This rapid growth and adoption demonstrates Slipstream's ability to service the liquidity needs of the Optimism ecosystem. Additionally, the overall volume on Optimism hit a new high of $208 million in the last epoch, the highest since the release of version 2, with Slipstream contributing significantly to this volume. The upcoming Superchain expansion is expected to further drive growth.