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Velodrome Finance

Velodrome Finance

Optimism's leading DEX using ve(3,3) mechanics for protocol liquidity infrastructure

Launch Year
2022
Consensus
Proof of Stake (Ethereum / Optimism)
Max Supply
Unlimited (emissionary)
Block Time
~2 seconds
VELO
VELO
Velodrome Finance
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
Swap VELO Now
  • No KYC or registration
  • Non-custodial — your keys, your crypto
  • 1000+ supported exchange pairs
  • Best available exchange rate

Velodrome Finance Price Chart

VELO / USD
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About Velodrome Finance

Velodrome Finance (VELO) is the leading DEX on Optimism, using ve(3,3) tokenomics pioneered by Andre Cronje (Solidly). The model combines vote-escrowed locking (veCRV-style) with a cooperative game theory design — veVELO lockers direct emissions to pools and earn 100% of fees from those pools, creating alignment between LPs and voters. VELO token is distributed as emissions to liquidity providers, while veVELO holders control where those emissions go. Protocols compete for VELO emissions by bribing veVELO holders. Velodrome rapidly became Optimism's primary DEX infrastructure, surpassing Uniswap in TVL.

History

2022
Velodrome launches on Optimism; adapts Solidly's ve(3,3) model successfully
2022
Velodrome becomes Optimism's #1 DEX by TVL; protocols rely on it for liquidity
2023
Velodrome V2 launches with improvements to the gauge and bribe system
2024
Velodrome expands to other chains; spawns Aerodrome on Base

How to Swap VELO

Swapping Velodrome Finance (VELO) on SyntheticSwap requires no account or KYC. VELO is an Optimism Layer 2 token, supported by MetaMask (Optimism network), Rainbow, Trust Wallet, and Ledger. Open SyntheticSwap, select VELO, choose your desired output asset, enter your receiving wallet address, and confirm the floating rate. Optimism's fast finality means your swap settles quickly — the destination asset arrives directly in your wallet.

How to Store VELO

VELO is stored in MetaMask configured for Optimism network, or any EVM wallet with Optimism support. Ledger supports VELO via MetaMask on Optimism.

Frequently Asked Questions