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
$0.14
8.03%
What is Velodrome (Optimism)?

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Information
Blockchain
  • Optimism
Key Metrics
  • Market Cap: $119.8M
  • Fully Diluted Valluation: $268.4M
  • FDV / MC: 2.2
  • Ranking inside Exponential (excluding stables): #69
  • Circulating Supply: 855,364,858
  • Total Supply: 1,916,443,461
  • Total Supply: 1,916,443,461
  • Volume (24H): $11.6M
  • 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

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VELO Pools
Beefy VELO-OP Market Making
13.3%
Yield
$358K
TVL
Risk
C
Protocol
Beefy
Chain
Optimism
Beefy VELO-USD Market Making
18.7%
Yield
$41K
TVL
Risk
C
Protocol
Beefy
Chain
Optimism

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