Velodrome Finance (VELO)

$0.17

-6.56%

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Velodrome Finance (VELO) Price Real Time-Data

The live price of VELO is $0.17 with a 24-hour trading volume of $33.03M. Its 24-hour peak value is $0.18, and its 24-hour low is $0.17. The current circulating supply is 882.64M VELO, leading to a fully diluted market capitalization of $156.46M. Velodrome Finance (VELO) to USD price is updated in real-time.

What is Velodrome Finance (VELO)?

Velodrome Finance is an automated market maker (AMM) designed to be the central trading and liquidity platform on the Optimism Network. It combines concepts from DeFi such as vote-escrow and the (3,3) game theory to incentivize liquidity provision and long-term token holding.

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FAQ

Who are the founders of Velodrome Finance (VELO)?

Velodrome Finance was founded by Alexander Cutler.

How many Velodrome Finance (VELO) are there?

Velodrome Finance has a circulating supply of approximately 739.76 million VELO tokens. The maximum supply of VELO tokens is not specified.

What are the potential use cases for Velodrome Finance (VELO)?

VELO tokens are used for providing liquidity, staking, and governance within the Velodrome Finance ecosystem. Token holders can earn protocol fees, bribes, rebases, and have voting power in governance decisions.

What is the history of Velodrome Finance (VELO)?

Velodrome Finance was created to serve as a central trading platform on the Optimism Network, incorporating innovative DeFi mechanisms to reward long-term participation and liquidity provision. It has gained significant attention and trading volume since its inception.