Velodrome

Coinbase has contributed to the ongoing success of the Velodrome community.

Velodrome Slipstream contracts are now part of Velodrome's $100,000 bug bounty program on Immunefi. The contracts have been audited by SpearbitDAO and are available for bug hunters. The community and partner review of Slipstream is expected to last about two weeks.

Velodrome Slipstream is preparing for launch. The smart contracts and audit report are open-sourced for community and partner review. The bug bounty will be expanded to include Slipstream. The review phase is expected to last about two weeks before Slipstream goes live.

The third round of RetroPGF has concluded. Appreciation is expressed to Optimism for their participation.

The latest Velodrome LP Rewards Update shows that the rewards for $SONNE-$USDC LP are at ~110%, $VELO-$USDC LP at ~61%, and $OP-$USDC LP at ~24%.

Velodrome has generated over $312,000 in swap fees, making it the second biggest fee week in its history. The fees will be distributed as incentives to $veVELO voters for Epoch 83 next Wednesday. Get ready for the #L2 season!

Velodrome is continuing its OP incentive programs into 2024, offering 250k $OP to individuals and protocols participating in the Tour de OP and referral rewards program. The referral rewards program offers $OP rewards to those who refer projects to Velodrome and Optimism. The Tour de $OP boosts protocol incentives based on $VELO locks, voting incentives, volume generation, and $VELO pairs. Join the Discord to learn more and contribute to the growth of the Optimistic ecosystem.

Meta Pool, a multi-chain liquid-staking ecosystem, is launching on Velodrome and will soon begin incentivizing $mpETH liquidity. VeVELO voters are encouraged to cast their votes.

Velodrome community will be leading the charge in the path to the Superchain.

Thales protocol achieved powerful results by utilizing voter incentives, Protocol Owned Liquidity (POL), and Protocol Owned Votepower (POV) strategies on Velodrome. They directed $16.9K in VELO to their pools with just $3.8K in THALES, acquiring $410 of TVL for every $1 in incentives - 2.75x more effective than Uniswap. Thales' voting power now earns more LP rewards per week than their incentives budget. Velodrome's acquisition of $veVELO as POV allows protocols to move away from incentivizing in their native tokens.