Velodrome Locks

    Analyze new locks created on Velodrome Finance.

    What is Velodrome?

    Velodrome is a newly launched trading and liquidity marketplace designed to provide deep liquidity and low fee/slippage trades. Velodrome is supposed to be an improved version of the Solidly Exchange launched by Yearn founder Andre Cronje.

    Questions

    What durations are most common? Which wallets have locked the most in the last 4 weeks? Which pools are wallets voting for with their locked tokens most often?

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    Method

    I took help from Hint site for analysis. I filtered the result obtained from the hint based on

    origin_to_address = '0x9c7305eb78a432ced5c4d14cac27e8ed569a2e26' and origin_function_signature = '0x65fc3873' and topics [0] :: STRING = '0xff04ccafc360e16b67d682d17bd9503c4c6b9a131f6be6325762dc9ffc7de624' .

    I found the most common duration to lock.

    Then I got the number of transactions and the value in the specified periods.

    I found the addresses of the Velodrome pools from the Velador site and obtained the number of votes for each pool.

    Most common duration to locks in Velodrome based on TX

    The 48-day period has the most transactions with 827.

    41.4% of transactions are within 48 days.

    It can be said that there is more interest in long-term periods.

    Top 10 pools By vote

    As you see VELO/USDC and OP/USDC have more than 50% of votes.

    About 81% of the votes are related to VolatileVq AMM pools.

    StableV1 AMM pools only have 19.1% of the votes.

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    Most common duration to locks in Velodrome based on value

    The maximum locked value was in the period of 6 days.

    22.2% of values are within 6 days.

    More than 50% of the values is between duration 0 and 1 and 6.

    For a period of 48 days, the number of transactions is high, but the value is low, and it can be said that users have less risk.

    • The highest locked value in the last 4 weeks is about 5.1M for a wallet.
    • One wallet accounted for 28% of the total amount in the last 4 weeks.

    Velodrome pools

    • VELO / USDC has the most votes with 1523 votes.
    • OP / USDC is in the next rank with 981 votes.
    • WETH / USDC is in the next rank with 414 votes.

    Conclusion

    • The maximum locked value was in the period of 6 days.
    • The 48-day period has the most transactions with 827.
    • For a period of 48 days, the number of transactions is high, but the amount is low, and it can be said that users have less risk
    • The highest locked value in the last 4 weeks is about 5.1M for a wallet.
    • VELO/USDC and OP/USDC have more than 50% of votes.
    • About 81% of the votes are related to VolatileVq AMM pools.
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    • Analysis and content belong to Mohsen
    • Part of the code is taken from Hint site
    • The source of Velodrome pools :