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Velodrome V1
Velodrome V1

Velodrome V1

Dexes

Velodrome V1 Review

Velodrome V1 launched on the Optimism network in June 2022 and was created by the veDAO team, known for their work with the Solidly protocol on Fantom. Designed to provide a more sustainable model for decentralized exchanges, Velodrome focuses on aligning long-term growth with incentives for both liquidity providers and token lockers. Unlike many DeFi projects, Velodrome didn't rely on traditional venture capital funding, choosing instead to build a strong community foundation. To encourage decentralized governance, 60% of VELO tokens were distributed to DeFi and Optimism community members. The platform’s ecosystem utilizes VELO and veVELO tokens, where VELO serves governance and staking purposes, and veVELO, an NFT-based governance token, offers rewards to users who lock their VELO tokens for extended periods. This setup includes a system of transaction fees, bribes, and VELO emissions, ensuring rewards are closely aligned with liquidity needs.

TVL
$1 301 049
Blockchain
N/A
Promo bonus
No bonus for now
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Velodrome V1 offers

USDC
DAI
Est. APY
0.27%
Status
Available
Term
Flexible
TVL$427 894
Blockchain
Optimism
Optimism
RETH
WETH
Est. APY
0.13%
Status
Available
Term
Flexible
TVL$347 357
Blockchain
Optimism
Optimism
WSTETH
WETH
Est. APY
0.06%
Status
Available
Term
Flexible
TVL$98 727
Blockchain
Optimism
Optimism
WSTETH
WETH
Est. APY
0.22%
Status
Available
Term
Flexible
TVL$39 485
Blockchain
Optimism
Optimism
USDC
SUSD
Est. APY
0.46%
Status
Available
Term
Flexible
TVL$1 221 371
Blockchain
Optimism
Optimism
USDC
DOLA
Est. APY
3.66%
Status
Available
Term
Flexible
TVL$82 470
Blockchain
Optimism
Optimism
WETH
FRXETH
Est. APY
0.73%
Status
Available
Term
Flexible
TVL$37 545
Blockchain
Optimism
Optimism
USDC
MIM
Est. APY
0.89%
Status
Available
Term
Flexible
TVL$14 118
Blockchain
Optimism
Optimism
USDC
LUSD
Est. APY
0.56%
Status
Available
Term
Flexible
TVL$19 099
Blockchain
Optimism
Optimism

Crypto earn alerts on Velodrome V1

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Velodrome V1, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Velodrome V1.

Earning crypto on Velodrome V1

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Velodrome V1. Check the table above for all the details.

Current TVL of the Velodrome V1 protocol

The Velodrome V1 protocol's Total Value Locked (TVL) is currently $1 301 049. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Velodrome V1 is holding.

Velodrome V1 protocol type

Velodrome V1 is a decentralized exchange (DEX) designed to simplify crypto trading directly from users' wallets. It operates on automated market maker (AMM) technology, enabling secure, direct transactions between users without a central authority. This setup ensures transparency, keeps fees lower, and allows users to manage their assets independently. Whether you’re trading or providing liquidity, Velodrome V1 offers a reliable and accessible option in the decentralized trading space.

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