Velodrome (Optimism)

VELO

VELO is the native utility and governance token for Velodrome that is used for rewarding liquidity providers through emissions.

Risk Rating

Average

$0.10

3.81%

What is Velodrome (Optimism)?

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Information

Blockchain

Optimism

Info

Key Metrics

Market Cap: $87.4M
Fully Diluted Valluation: $197M
FDV / MC: 2.3
Ranking inside Exponential (excluding stables): #69
Circulating Supply: 846,722,971
Total Supply: 1,907,845,560
Total Supply: 1,907,845,560
Volume (24H): $6.9M
ATH: $0.38 (03/28/2024)
ATL: $0.01 (07/05/2022)

Risk Assessment

Average

Asset Strength

VELO is a low-cap asset that represents the blockchain's native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Velodrome V2, a protocol rated as Watch out.

Dependencies

Velodrome V2

Asset Tokenomics

VELO has an uncapped supply. VELO is coveted asset as holders can decide which pools in Velodrome receive incentives and thus direct liquidity for specific pools. VELO stakers (veVELO) also earn all fees and bribes.

Things to know about VELO