What Will You Read?

In this analysis, You will read about the Velodrome locks Optimism Chain. We want to Analyze new locks created on Velodrome Finance. What durations are most common? Which wallets have locked the most in the last four weeks? Which pools are wallets voting for with their locked tokens most often?

**What is Velodrome? \n **The velodrome is an AMM designed as the trading and liquidity marketplace on the Optimism network, launching on May 31st, 2022.

Analyzed By Hess - Reading Time Almost 10Min

Method

• The main method is guided by Flipside. I used website hint and found only Lock Activities by removing increase and withdraw activities with origin_function_signature that were not equal to 0xa183af52 and 0xa4d855df.

Total Daily Number of Withdraw and Amount

• The highest number of withdrawals happened on July 14th.
• The highest amount of withdrawals happened on that day too.
• Activities increased in July in comparison to June.

Daily Number of Lock and Value

• Recently on July 10th, The highest number of lock and unique users happened on Velodrome. 202 Unique users locked 221 times.
• The highest value was locked on Velodrome on June 15th.
• An increase occurred since July 4th.
• If we ignore June 15th, The highest average value locked on Velodrome on July 7th, which was 103K.

Top 10. Locker based on Value:

• Only one wallet have 53% of total locked value from top 10.
• The second one have 11.5% of total locked value.

Top 10 Locker based on total number of Lock:

A wallet with 121 locks is in the first place.

The second one have 7.6% of total number of lock share.

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Number of Days since lock and withdraw

• I Calculated only Those withdraws that was the exact amount of Lock.
• The highest number of days that a user holds its position was 73 Days.
• 42% of users withdrawals their amount on the same day of locked.
• This group of people is the most popular activity.
• 24.4% of users withdraw after 6-15 days.

Top Pools based on Total Vote

• VELO/USDC with 1472 votes is in the first place with 43% of Vote share from top 5 pools.
• The second one is OP/USDC with 928 votes which has 27% of total vote.
• The third one is WETH/USDC with 399 votes which has 11% of share.

Conclusion

• Velodrome lock activity has been increasing every day in the last ten days.
• More users with lower values are locking recently.
• It seems Velodrome has big whales that have 50% of the share value and the total number of locks.
• VELO/USDC is the most popular pool that most votes happened to it.

THANK YOU FOR READING!

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