Protocol/Project Name:
- Velodrome Finance
Protocol Overview:
A brief overview of your protocol, including its main goals, key features, and target audience.
- Velodrome Finance is a next-generation AMM that combines the best of Curve, Convex and Uniswap, designed to serve as the liquidity hub for the Superchain.
- Velodrome will soon deploy its Superchain architecture on the Mode network, which presents a unique opportunity to significantly boost liquidity pools and drive growth within the Mode ecosystem (details below).
MS Receiver Address:
- Mode: 0x2662392083aCE1e7b48b398D50ceD557D6575de8
- Optimism: 0x2662392083aCE1e7b48b398D50ceD557D6575de8
Distribution Confirmation:
100% of incentives must be distributed to protocol users
Other Distribution Channels: If you plan to distribute incentives via channels other than Merkl, please provide reasoning or justification and a detailed description of the planned mechanism of distribution and transparent tracking of metrics. $OP incentives distributed via channels other than Merkl need to target assets on Mode and must be claimable/distributed on Optimism Mainnet. $OP cannot be sold and then distributed (Collective Grant Policies - Mission Grants 🏹 - Optimism Collective).
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Velodrome will distribute $OP incentives through its well-established gauge system, ensuring that these incentives are directed exclusively to veVELO voters who choose to vote for Mode pools. This method guarantees that voters are not only aware of the opportunity to allocate emissions toward Mode pools, but also encourages them to interact with the Mode ecosystem.
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This approach has the added benefit of increasing Mode’s exposure to the entire Velodrome community, as users become more familiar with the network while considering where to cast their votes. Every veVELO voter who chooses Mode pools will play an active role in boosting Mode’s liquidity.
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All incentives deposited for veVELO voters will be fully traceable on Velodrome’s contracts. Velodrome will also provide clear, accessible information on the specific gauges used for Mode pools, allowing all participants to track the flow and impact of the distributed incentives in real time.
Incentive Impact Statement:
Provide a brief statement on how you believe the token incentives from Season III will bolster user adoption for your protocol. Include potential impacts on user growth, engagement, and long-term sustainability.
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To ensure broad awareness of Velodrome’s Superchain architecture deployment on Mode, Velodrome will launch a public campaign in parallel with the incentive program. The public campaign will highlight Mode’s unique role as the first chain in Velodrome’s Superchain model. This campaign will give significant exposure to Mode, similar to Velodrome’s successful Tour de OP program, which has been highly effective at driving economic activity to the Optimism network.
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Velodrome’s Mode incentive program will focus on strategically supporting pools that generate the highest economic activity, as measured by volume, trading fees, and TVL.
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In addition, Velodrome will offer to match partner incentives with $OP, creating a multiplier effect and drawing additional liquidity and activity to Mode by attracting other protocols, amplifying the benefits of the incentive program.
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All incentives will be directed to veVELO voters, who will allocate votes and VELO emissions specifically to Mode liquidity pools. This will leverage Velodrome’s powerful 2x multiplier effect, where every $1 in incentives from Mode directs $2 in VELO emissions to the targeted pools.
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In addition, the trading fees generated from activity in these liquidity pools will attract further VELO emissions, again benefiting from the same 2X multiplier. This dynamic can create a sustainable economic flywheel for Mode, driving long-term liquidity and trading volume growth.
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In tandem with the Superchain deployment, Velodrome will also introduce Slipstream concentrated liquidity pools on Mode. Slipstream pools are designed to handle significantly higher trading volumes by offering low-slippage swaps and greater capital efficiency and will further increase the impact of Velodrome’s incentive program.
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Slipstream pools are already proving to be a dominant force on networks like Optimism and Base, where they drive the highest trading volume on each chain. On Base, the WETH/USDC pool on Aerodrome—Velodrome’s sibling protocol—currently generates the highest on-chain volume of any pool anywhere.
Eligibility Criteria:
Please provide a link to your protocol, confirming its active deployment on Mode Mainnet. If you’re solely an asset provider, provide a verified contract address to your asset on Mode. You’ll be able to incentivize the asset on supported dApps on Merkl.
Additional Information (Encouraged):
Roadmap: Briefly outline any upcoming milestones or features that could benefit from additional user adoption.
- Velodrome’s Superchain architecture will complete its audit on October 25, setting the grounds for deployment on Mode shortly after.
- The Superchain model will allow the Mode ecosystem to benefit from Velodrome’s veVELO voting system, where VELO emissions can be directed to liquidity pools on Mode, leveraging the 1.5x to 2x multiplier that Velodrome’s incentive system offers.
- Velodrome will simultaneously deploy Slipstream, concentrated liquidity pools optimally designed for Velodrome’s incentive system. Slipstream pools will allow Mode to attract greater volume and activity by offering low-slippage, efficient trading routes.
Partnerships: Mention any partnerships or collaborations that align with the goals of this incentive program.
- Velodrome will work closely with existing partners on Mode to maximize the impact of the incentive program, including: Ionic, Renzo, EtherFi, Ethena, StakeStone, Inverse Finance, Ironclad, and BMX.
- Velodrome will also encourage partners on Optimism Mainnet to leverage the incentive program as an opportunity to deploy on Mode.
Community Engagement: Describe any planned community activities or campaigns that will support the incentive program.
- As the first Velodrome Superchain deployment, Mode is a strategic ecosystem for Velodrome. To drive attention, activity, and users to Mode as part of the incentive program, Velodrome will run an active marketing campaign exposing the opportunities available for liquidity providers, partner protocols, and veVELO voters to benefit from the program.
- Examples of Velodrome’s content can be seen in the protocol’s Twitter account.
Contact Information:
Provide contact details for further discussions, such as an email address, Telegram handle, or Discord username.
- Emal: tao@pcssoftware.co
- Telegram: @taowatts