Velodrome Finance protocol
Overview
Velodrome Finance is a decentralized exchange (DEX) on the Optimism network that uses a vote-escrowed token model (ve(3,3)). Users lock VELO tokens to receive veVELO, which grants voting rights on liquidity mining rewards distributed to pools. The protocol functions as a liquidity marketplace, aligning incentives between LPs and voters.
Within the DeFi Intel graph, Velodrome Finance connects to 10 tracked entities, most strongly to Optimism, Solidly, veVELO.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Optimism | 95% |
forked_from | Solidly | 95% |
supports_token | veVELO | 95% |
redirects_emissions_via | Hidden Hand | 90% |
issues | Velo | 90% |
launched | Velodrome Launch | 85% |
Frequently asked questions
What chain is Velodrome Finance deployed on?
Velodrome Finance is deployed on the Optimism network.
What token model does Velodrome Finance use?
Velodrome Finance uses a vote-escrowed token model (ve(3,3)), where users lock VELO tokens to receive veVELO and gain voting rights on liquidity mining rewards.
Which protocol was Velodrome Finance forked from?
Velodrome Finance was forked from Solidly.
Sources
- Velodrome Documentation — docs.velodrome.finance
- Optimism — Velodrome & Aerodrome case study (team launched Aerodrome from Velodrome)
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