Velodrome Locks
Analyze new locks created on Velodrome Finance. 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? For more information on Velodrome, please visit: https://docs.velodrome.finance/
What is Velodrome
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.
It was incubated by veDAO who detailed it’s development in real time on the veDAO Medium. If you’re looking to catch up, here are some of the key posts:
- “On Optimism” — veDAO + Optimism Partnership Announcement
- “On Solidly” — Overview of Solidly’s Strengths and Opportunities
- “On Velodrome” — Overview of Velodrome Protocol Design
- “(More) On Velodrome” — Updates on Velodrome Protocol Design
Read more about Velodrome here
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The figures illustrate the most frequent locked durations for Velodromes from the providers. Surprisingly, 1456 days account for 16.1% of the top ten most common durations. Then came 1457 days, 1460 days, and 1455 days.
The graph shows the top ten wallets by locked count during the last four weeks. 0xd5...49d has the highest locked count of 25 times, while 9 of the top ten wallets have been locked less than 10 times. There are four wallets that have been locked five times.
The graphs show the top ten pools in terms of voting count, along with their locked tokens. VolatileV1 AMM - VELO/USDC has 1455 votes, or 23 percent of the top ten pools, followed by OP/USDC, which has 23 percent. VolatileV1 AMM - WETH/OP has the fewest votes among the top ten pools, with 1.84 percent.
Conclusion
- More than 1000 providers, or 65.2 percent of all providers, have locked more than 1000 days, with 25 percent locking between 10 and 100 days and only 9.5 percent locking fewer than 10 days.
- 0xd5...49d has the highest locked count of 25 times, while 9 of the top ten wallets have been locked less than 10 times.
- VolatileV1 AMM - VELO/USDC has 1455 votes, or 23 percent of the top ten pools, followed by OP/USDC, which has 23 percent.
These graphs depict the providers' locked time distribution. More than 1000 providers, or 65.2 percent of all providers, have locked more than 1000 days, with 25 percent locking between 10 and 100 days and only 9.5 percent locking fewer than 10 days.