11 months ago
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Velodrome is upgrading to its 2nd version, a implicit bundle overhaul, connected June 15.
The terms of VELO has dropped astir 8% successful the past 24 hours to $0.088 astatine property time.
Velodrome - the largest decentralized speech (DEX) connected furniture 2 web Optimism (OP) - volition upgrade June 15 to its 2nd version, an full redesign of the protocol aimed astatine improving end-user acquisition and information arsenic good arsenic simplifying smart-contract architecture.
The 2nd iteration of Velodrome volition see respective caller features, including a frontend that was rebuilt from scratch, customizable excavation fees that let for dynamic voting rewards and concentrated liquidity pools.
The terms of VELO - the autochthonal inferior token for Velodrome utilized to reward liquidity providers - has declined astir 8% successful the past 24 hours to 8.8 cents astatine property time, information from CoinGecko shows. Velodrome’s full worth locked stands astatine much than $230 million, a astir 4% alteration successful the past week, per DefiLlama.
According to a blog post, the upgrade volition supply “additional substance to Velodrome’s flywheel done accrued interest seizure and mounting a caller modular for low-slippage and liquidity management.”
Edited by Oliver Knight.
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