Total Value Locked
$180.0M
24h Volume
$25.0M
Swap Fee
0.02%
Chains Supported
1
About Velodrome
Velodrome is Optimism's central trading and liquidity marketplace, implementing the ve(3,3) model pioneered by Andre Cronje's Solidly. Launched in June 2022, Velodrome solved Solidly's issues with carefully tuned tokenomics. Protocols bribe veVELO holders to direct VELO emissions to their pools, creating sustainable liquidity incentives aligned with actual trading activity. With just 0.02% fees on stable pools, Velodrome offers some of the cheapest swaps in DeFi. Slipstream introduced concentrated liquidity, while Relay automates voting strategies for passive veVELO holders.
Supported Blockchains
Features
Pros & Cons
Pros
- Lowest fees on Optimism
- Sustainable ve(3,3) emissions model
- Strong protocol partnerships
- veVELO governance power
Cons
- Optimism-only deployment
- Complex ve(3,3) mechanics
- Requires veVELO for governance
Fee Structure
Swap Fee 0.02%
Maker Fee Free
Taker Fee 0.02%
Security & Info
Audited
Yes
Auditors
Code4rena Spearbit
Governance VELO
Launch Date June 1, 2022