VELODROME FINANCE (VELODROME)
Velodrome Finance is a decentralized exchange focused on Optimism. Taking the development idea and codebase from Solidly, a famous AMM with the ve(3,3) model on Fantom in early 2022, Velodrome claims to have solved Solidly's weaknesses and made better use of the ve(3,3) model.
Highlights of Velodrome Finance
The operating mechanism of Velodrome Finance is a combination of two previous DeFi models from two famous protocols in crypto:
Vote-Escrow Token model: Introduced by Curve Finance (veCRV), veToken is used to incentivize long-term holders, helping them receive more benefits than individual surfers.
Staking/Rebasing/Bonding model or game theory (3,3): Introduced by Olympus DAO.
VELODROME Token
Token Name: VELODROME
Ticker: VELODROME
Blockchain: Optimism
Token Contract: 0x3c8b650257cfb5f272f799f5e2b4e65093a11a05
Token Type: Utility
Initial Supply: 400,000,000 VELODROME
Total Supply: 841,884,80 VELODROME
Circulating Supply: 164,432,652 VELODROME
