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Velodrome Finance VELOPrice $ 0.0493
Rank: 636
VELO Price
General Info
Contracts/Explorers:
Optimism
Velodrome Finance (VELO) Chart
VELO to USD Converter
VELO
What is Velodrome Finance (VELO)?
Velodrome is an AMM designed as the central trading and liquidity marketplace on Optimism Network. Velodrome Finance mechanics reflect a combination of two DeFi concepts:
- Vote-Escrow — first introduced by Curve to strengthen incentives for long-term token holders
- Staking/Rebasing/Bonding or (3,3) game theory — designed by Olympus DAO.
Combined, the ve(3,3) mechanism rewards behaviors correlated with Velodrome's success, such as liquidity provision and long-term token holding. Liquidity providers receive $VELO emissions, and $veVELO holders receive protocol fees, bribes, rebases, and governance power.
Velodrome Finance Price Today
Velodrome Finance's current price is $ 0.0493, it has increased +4.38% over the past 24 hours.
Velodrome Finance's All Time High (ATH) of $ 0.413 was reached on 13 Dec 2024, and is currently -88.1% down.
The current circulating supply of Velodrome Finance is 988.55 Million tokens, and the maximum supply of Velodrome Finance is 1.06 Billion.
Velodrome Finance’s 24 hour trading volume is $ 5.42 Million.
Velodrome Finance's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 48.76 Million.
You can find more details about Velodrome Finance on its official website and on the block explorer.
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