veVELO token
Overview
veVELO is the vote-escrowed token of Velodrome, a decentralized exchange on Optimism. It is obtained by locking VELO tokens and is non-transferable. Holders use veVELO to vote on liquidity pool rewards and earn protocol fees and bribes.
Within the DeFi Intel graph, veVELO connects to 1 tracked entity, most strongly to Velodrome Finance.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Velodrome Finance | 95% |
Frequently asked questions
What is veVELO?
veVELO is the vote-escrowed token of Velodrome, a decentralized exchange on Optimism. It is obtained by locking VELO tokens and is non-transferable.
What can veVELO holders do?
Holders use veVELO to vote on liquidity pool rewards and earn protocol fees and bribes.
What chain does veVELO run on?
veVELO runs on Optimism, as it is the vote-escrowed token of Velodrome, a decentralized exchange on that chain.