What is Velodrome Finance (VELO)?
Velodrome Finance is a DeFi protocol that seeks to improve on Solidly's solution of aligning protocol emissions with fees generated. The protocol was launched on Optimism in 2022 by the team behind veDAO.
How Velodrome Finance (VELO) Works
Velodrome is an improvement on the Solidly codebase which addresses several issues and offers a superior alternative. The Solidly model aimed to compensate LPs for impermanent loss by aligning protocol emissions with fees generated, but its design had some key issues that prevented its success. Velodrome, on the other hand, has made several improvements to the Solidly codebase to ensure voters can fairly compensate LPs. The improvements include tying rewards with emissions, ensuring productive gauges, and prolonging emissions decay. With the new mechanisms in place, voters can only make one active voting decision every epoch and bribes from fees and external sources are treated differently. Additionally, an on-chain governor is added to whitelist pairs used in gauges, and an emergency "Commissaire" can kill any gauge deemed unproductive to the broader ecosystem. Finally, the emissions growth function is modified, negative voting is removed, and LP emissions "boost" is also removed, among other changes.
Velodrome Finance has created two tokens to handle its governance and utility, VELO and veVELO, respectively. The VELO token is used to reward liquidity providers through emissions, while veVELO is used for governance. The longer the vesting period for the tokens, the higher the rewards and voting power holders receive. Velodrome distributed VELO and veVELO tokens to users and protocols who were most likely to contribute to the ecosystem's success.
How Many Velodrome Finance (VELO) Tokens Are in Circulation?
VELO token has a total supply of 400,000,000, among which 141,000,000 tokens are in circulation.
How to Buy Velodrome Finance (VELO)
Consider investing in Velodrome Finance (VELO)? It only takes 2 minutes to create an account on Bitget and start trading VELO.
Check out the available VELO trading pairs on Bitget!
Spot market
Velodrome Finance (VELO) Resources
Simple 3-step guide to buying VELO today in Slovakia
Create your free Bitget account
Select a funding method
Complete your Velodrome Finance purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Velodrome Finance using a payment method of your choice:
Buy Velodrome Finance with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Velodrome Finance order.
How to buy crypto with credit/debit cardBuy Velodrome Finance with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Velodrome Finance is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Velodrome Finance order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Velodrome Finance order.Buy Velodrome Finance with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Velodrome Finance order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Velodrome Finance in your Bitget spot wallet
Bitget—where the world trades Velodrome Finance
How to buy Velodrome Finance for free
- Learn how to earn Velodrome Finance for free through the Learn2Earn promotion
- Earn free Velodrome Finance by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Velodrome Finance airdrops by joining On-going challenges and promotions
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Slovakia, officially the Slovak Republic, is located in Central Europe. Bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the southwest, and the Czech Republic to the northwest, Slovakia is a landlocked country with no access to the ocean. It covers 49,035 square kilometres and has a population of 5.46 million. Slovakia joined the European Union on May 2004 and adopted the Euro (EUR) as its national currency and with EUR, you can purchase cryptos on Bitget within minutes.
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