Velodrome

Velodrome, the central trading and liquidity marketplace on Optimism, has released an update on the rewards earned by liquidity providers (LPs) on various trading pairs. The update highlights significant rewards, with LPs earning up to 2167% on the WBTC-WETH pair, 1440% on the DAI-WETH pair, and 626% on the KWENTA-WETH pair. Other notable rewards include 144% on the SNX-USDC pair, 66% on the USDC-SUSD pair, 54% on the USDC-DAI pair, 41% on the USDC-USDC.E pair, and 24% on the WSTETH-WETH pair.

Velodrome Finance has created data dashboards providing an overview of the Aerodrome and Velodrome decentralized exchanges on the Optimism network. The dashboards display protocol holdings, recent transactions, and core metrics for each DEX. Key features include funds and balance history for protocol accounts, the most recent transactions made on each exchange, and relevant data on flows to centralized exchanges and perpetual contracts. These dashboards offer transparency into the operations of the two leading liquidity marketplaces on Optimism.

Velodrome Finance, the central trading and liquidity marketplace on Optimism, has announced the addition of two new projects to its platform: Tecmns ($TEC) and Giveth ($GIV). The platform has also revealed plans to introduce $veVELO voting incentives, allowing users to participate in governance decisions.

Velodrome Finance has announced the listing of its SNX-USDCe vault on the Rivo Yield Marketplace, offering an estimated 25.33% annual percentage yield (APY). The vault deposits assets into the SNX-USDCe liquidity pool on Velodrome and stakes the LP tokens, earning the VELO governance token. The earned VELO tokens are swapped for more underlying assets and auto-compounded by Beefy Finance to boost yields. Users can invest in the vault using any token and monitor their earnings and manage their positions through Rivo.

Optimism, a leading layer-2 scaling solution for Ethereum, is gearing up for the launch of its highly anticipated Community marketplace. This decentralized platform aims to serve as a central hub for trading and liquidity provision within the Optimism ecosystem. With its imminent release, the Community marketplace is poised to revolutionize the way users interact and transact on the Optimism network.

Slipstream, the central trading and liquidity marketplace on Optimism, is demonstrating its capabilities. In the coming week, integrations with aggregators are anticipated to go live, and projects are expected to start shifting their incentives to clAMM pools on Slipstream.

Optimism, a layer 2 scaling solution for Ethereum, has announced plans to release a more secure OP Stack in the near future. This update is expected to remove a significant barrier to liquidity migration from the Ethereum mainnet to the layer 2 network. The OP Stack is the central trading and liquidity marketplace on Optimism, and this enhancement is anticipated to usher in a new era for the platform.

The new Slipstream compatible router has been deployed on Velodrome, offering improved quotes and better routing. Users can now enjoy enhanced features when swapping on Velodrome.

The Optimism network, a layer-2 scaling solution for Ethereum, is set to implement the EIP-4844 upgrade tomorrow, March 13th, 2024. This upgrade is expected to significantly reduce transaction costs on the Optimism network and the broader Superchain ecosystem. The Optimism team is building anticipation among its community members, dubbed 'riders,' for the cost-saving benefits of this upgrade.

Welcome to @letsgethai who is now incentivizing liquidity on $KITE - $OP and $HAI - $sUSD. Make your votes count before the epoch flip on Thursday at 00:00 UTC!