Introduction

Velodrome Finance, at its core, is a solution for protocols on Optimism to properly incentivize liquidity for their own use cases. Building on top of the groundwork laid out by Solidly.

Velodrome addresses these issues and presents an attractive alternative by addressing the core issues in Solidly and adding its own improvements. To recall, the key innovation of Solidly was to align protocol emissions with fees generated, not simply liquidity. To do this, it would allow protocols and other large stakeholders to become veNFT "voters", using their locked voting power to direct future emissions and collecting fees (termed bribes in Solidly) from the pools they voted for.

Velodrome has made several improvements to the Solidly codebase, all of which were thoughtfully chosen to ensure that the protocol would carry out the original intended mechanism of allowing voters to fairly compensate LPs for impermanent loss.

Approach

• Last query run: 2022-07-17
• Used tables: optimism.core.fact_transactions / optimism.core.fact_event_logs
• Duration groupings: a week, a month, a year, 4 years, and other chosen durations.
• Pools Addresses: 34 (there are 37 pools on the website but we have found 34 of them.)

Users chosen durations are in this order:

• 4 years (64.8%)
• 1 year
• 1 Month
• 1 Week

users almost choose longer durations.

In the above bar chart and table, you can see 5 top wallets that have locked the most in the last 4weeks.

0xcc739b45da0123047cd0103b88f968b22ebdfc66 have locked 5.8M value.

0xf56f5a0b8621bbc5290714da85b328dafea0a9a9 have locked 3.2M value.

0x5d5bea9f0fc13d967511668a60a3369fd53f784f have locked 2.85M value.

0x1594b251df6b70ca9a01d4de0836ab4fd9811241 have locked 2.56M value.

0xeddc3369e15e9effa6e1ec2ee1ddc3cdf501e852 have locked 2.43M value.

According to Velodrome docs, voters can make only one "active" voting decision every epoch. so in this part of the dashboard, we’ve calculated the number of votes based on the pools’ names and pools addresses and then we found pools that wallets voting for with their locked tokens most often (during epochs).

• VELO/USDC by 1499 votes, has allocated 36.1% of the votes, and has taken first place.
• OP/USDC by 961 votes, has allocated 23.2% of the votes, and has taken second place.
• WETH/USDC by 413 votes, has allocated 9.95% of the votes, and has taken third place.

> Thanks to my friends: cmp#4286 and SGH#8588 (teammates)