$VELODROME is a decentralized exchange designed to act as a liquidity hub within the Optimism ecosystem It employs an Automated Market Maker model allowing users to swap tokens efficiently and providing liquidity incentives through its native VELO token

The platform uses a governance model where token holders can stake their VELO tokens and participate in decisions about the protocol's development

Recently Velodrome gained significant attention after being listed on Binance, which caused its price to surge by 170% in one day reaching $0.2102

This development highlights its growing importance in the decentralized finance sector

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