Velodrome Locks

    Analyze new locks created on Velodrome Finance.

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    Introduction

    Velodrome is an AMM modeled on Solidly and designed to be a public good that provides deep liquidity and low slippage to token pairs critical for the growth of the Optimism ecosystem. Powered by the VELO token and veNFTs, Velodrome’s model incentivizes liquidity by giving token lockers the ability to direct the protocol’s emissions to their chosen pairs. In return, lockers receive 100% of the trading fees generated by the pairs they vote for, any bribes directed toward these pairs, and an anti-dilutive rebase. Fees and bribes as incentives will naturally pull voting towards the most beneficial pairs for the ecosystem.

    As an AMM adapted from Solidly, Velodrome shares certain features with AMMs like Uniswap, with certain modifications:

    • trading fee of 0.02%
    • near-zero slippage on uncorrelated or tightly correlated digital assets
    • route trades through stable and volatile asset pairs
    • no-upkeep, flashloan-proof, 30 minute time-weighted average price (TWAP) with direct quoting support
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    Methodology

    in this analysis, we use the optimism.core.fact_transactions, optimism.core.event.logs and velodrome pool contract address.

    Velodrome Contract Address:

    0xe8537b6ff1039cb9ed0b71713f697ddbadbb717d = VolatileV1 AMM - VELO/USDC 0x47029bc8f5cbe3b464004e87ef9c9419a48018cd = VolatileV1 AMM - OP/USDC 0xffd74ef185989bff8752c818a53a47fc45388f08 = VolatileV1 AMM - VELO/OP 0x79c912fef520be002c2b6e57ec4324e260f38e50 = VolatileV1 AMM - WETH/USDC 0x9355292f66552ea5717b274d27eefc8254011d83 = VolatileV1 AMM - THALES/USDC 0xcdd41009e74bd1ae4f7b2eecf892e4bc718b9302 = VolatileV1 AMM - WETH/OP 0xd16232ad60188b68076a235c65d692090caba155 = StableV1 AMM - USDC/sUSD 0xfd7fddfc0a729ecf45fb6b12fa3b71a575e1966f = StableV1 AMM - WETH/sETH 0x4f7ebc19844259386dbddb7b2eb759eefc6f8353 = StableV1 AMM - USDC/DAI 0x207addb05c548f262219f6bfc6e11c02d0f7fdbe = StableV1 AMM - USDC/LUSD

    in this chart, we see 25.3% of transactions is related to [0xe8537…717d = VELO/USDC], so VELO/USDC pool is most common.

    17.1% of transactions is related to [0x47029…18cd = OP/USDC]

    15.4% of transactions is related to [0xd1623…a155 = USDC/sUSD]

    42.3% of transactions to pools is related to [0x010d…ec1b] wallet.

    15.5% of transactions to pools is related to [0x5dd9…59e1] wallet

    14.1% of transactions to pools is related to [0xbc2a…8e23][0x88e0…d1d9][0x97ad…6bc2] wallets

    On July 16, 2022, the highest number of transactions has occurred. [324 transactions]

    in this chart, we see on July, [0xe853…b717d = VELO/USDC] pool is most common.

    Most transactions were processed on July 16 and 17.

    more than 250 wallet has locked on July 16, 2022.

    The interesting thing to note is that despite the crisis in the crypto market in June, the Velodrome project has been on an upward trend until today, and more and more users are eager to invest in this attractive project every day.

    This chart shows in detail the addresses of locked wallets for a period of 4 weeks.

    Results

    • 25.3% of transactions is related to [0xe8537…717d = VELO/USDC]

    • VELO/USDC pool is most common.

    • 17.1% of transactions is related to [0x47029…18cd = OP/USDC]

    • 15.4% of transactions is related to [0xd1623…a155 = USDC/sUSD]

    • 42.3% of transactions to pools is related to [0x010d…ec1b] wallet.

    • 15.5% of transactions to pools is related to [0x5dd9…59e1] wallet

    • 14.1% of transactions to pools is related to [0xbc2a…8e23][0x88e0…d1d9][0x97ad…6bc2] wallets On July 16, 2022,

      the highest number of transactions has occurred. [324 transactions]

    • on July, [0xe853…b717d = VELO/USDC] pool is most common.

    • Most transactions were processed on July 16 and 17.

    • total 4 weeks wallet locked is more than 1800

    • more than 250 wallet has locked on July 16, 2022.