According to BlockBeats, Velodrome announced on March 27th that it will evolve into the main liquidity hub of the OP Superchain, initially expanding to the Mode network. Over the next few months, Velodrome will extend its innovative AMM and Gauge technologies to the Mode network to support its growth. This means that veVELO voters will be able to direct VELO emissions to Gauges on Mode and earn rewards generated in Mode pools.
To support Velodrome's growth on Mode, the Mode network has committed to providing $1 million in voting incentives to increase ecosystem rewards. In addition, the Mode network has acquired veVELO positions in the market and will use them to direct token emissions to Mode trading pairs. Velodrome will work closely with Mode to support the growth of existing protocols on Mode and attract new builders to the ecosystem. Velodrome will become the MetaDEX of Optimistic Superchain, making cross-network access and incentive liquidity simple.