About

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, our team has addressed that first iteration's core issues to realize its full potential.

Who is behind this project?

The team behind Velodrome Finance previously launched veDAO, an initiative incubated by Information Token. veDAO's founding mandate was to engage with the Solidly ecosystem, a protocol launched on the Fantom network by Andre Cronje, while driving long-term value to the veDAO community.

The veDAO team has since developed deep subject matter expertise on both Solidly, the veNFT primitive, and the ve(3,3) mechanism, becoming the go-to resource for protocols and chains seeking support around these topics.

By the numbers, veDAO, managed to attract $2.6B in TVL (total value locked) in the early days, securing ~10% of Solidly voting power and ~$1.1M USDC in treasury assets.

> image and this info came from Velodrome Finance document page

first I start with “What durations are most common?”. I decide to see this question from two aspect.:

1. Most Common Duration Days that can see tops in donut chart. most common period was 1456 days and top 5 common duration days has about 4 years distant from now and contains about 22% locked assets.

2. Most Common Periods that we can see in bar chart. there is about for spike in chart :

   1. for times about 4 year from TX date
   2. for times about 1 year from TX date
   3. for times about 1 week from TX date
   4. for time about 1 day from TX date

   this times are about equal periods that hardcoded in site UI. in another side 4 year period has most repeated duration and has most of traffic than other days.

second question is about  “Which wallets have locked the most in the last 4 weeks?”.

first let’s see amount of locked in each day. as we see we can divide chart of amount locked in each day into two part before Jul 5 and after 5 Jul . in before amount in decreasing but after 5 Jul amount increasing and last 5 days has significantly this amount.

at next step number of lock TX don’t change alot except in last 5 days like amount.

after reviewing amount of locked in past 4 week, it is time to find who has most locked value. according top 10 address with most locked value rank 1 of most locked value locked 5.8M and by far has most locked value. The interesting thing is all of these top address has locked more than 1M.

last but not least question about “Which pools are wallets voting for with their locked tokens most often?”.

as static shows at time writing this article 4420 vote recorded among 54 pool and according distribution chart VELO/USDC is most voted pool and about 1/3 voted recorded in this pool next pool is for OP/USDC with 21.4%. top 2 pool contain about 55 votes.

another interesting thing among top voting pool is 7 of 10 most voted pool has USDC as one of asset in pool and just three pool VELO/OP , WETH/OP WETH/sETH don’t contain USDC.

at last i created top most voted pool in each day. for creating this chart i first ranked pools in each day according number of votes than in another query I filter all row has rank less or equal with 5 to get top 5 pool in each days. Like all static in this part VELO/USDC is most voted pool in each day and OP/USDC is second one. in another side if we look at number of votes in each days we clearly see in past 5 days votes has increased significantly and more voted recorded in past days.

Introduction

First question : What durations are most common?

Second question : Which wallets have locked the most in the last 4 weeks?

Third question : Which pools are wallets voting for with their locked tokens most often?

Conclusion

as data shows most of address locked Velo for long about 4 years. Seems to they betting on Velodrome. in other side as static and information about votes and locked transaction show. last week Velodrome has best status in last 4 week and seem on chain activity increasing.in pool part at USDC and VELO has strong place and attract more attention.

Goals

goal of this article is answering this question :

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