Velodrome

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.

Velodrome, the central trading and liquidity marketplace on Optimism, has announced the launch of two new projects: @staderlabs $ETHX and @ethena_labs $USDE. Additionally, the platform is offering $veVELO voting incentives for these projects. Earlier this month, Velodrome welcomed @KelpDAO $WRSETH, @AngleProtocol $USDA, and @TLX_FI $TLX, also with $veVELO voting incentives.

Optimism, a layer-2 scaling solution for Ethereum, has announced the launch of MetaDEX, a decentralized exchange (DEX) on its Superchain. MetaDEX aims to serve as a central trading and liquidity marketplace, facilitating growth and qualification for on-chain builders within the Optimism ecosystem.

Velodrome, the central trading and liquidity marketplace on Optimism, has announced a boost in the rewards for its Slipstream liquidity pools. The updated rewards more accurately reflect the rates for liquidity providers concentrating their liquidity around the active price range or 'tick'. Users are encouraged to explore the updated rewards.

Relay, the central trading and liquidity marketplace on Optimism, has open-sourced its contracts on GitHub. This move allows for deeper integrations with partner protocols on the Optimism network. The availability of the source code facilitates transparency and enables developers to understand and build upon the Relay protocol.

Velodrome, the central trading and liquidity marketplace on Optimism, has released an update on the rewards for various liquidity pools. The update shows significant rewards for pools involving OP, USDC, WETH, SNX, DAI, WBTC, SUSD, and USDT tokens. The highest rewards are for the OP-USDC pool at around 2454%, followed by USDC-WETH at around 1929% and SNX-USDC at around 1926%.

Chainlink, a leading provider of oracle and price feed solutions, has successfully deployed the $VELO - $USD price feed on the Optimism network. This new price feed is now live, enabling accurate and reliable pricing data for the VELO token against the US dollar on Optimism's decentralized trading and liquidity platform.