Velodrome Expands DEX to Layer 2 Networks of Optimism Superchain

Velodrome to Launch on Optimism Superchain Layers

Velodrome Finance, a decentralized exchange (DEX) built on the Optimism Layer 2 ecosystem, known for its unique ve(3,3) model and as the largest liquidity hub on Optimism, is expanding its influence by launching on additional Layer 2 networks within the Optimism Superchain.

Key Points of Velodrome's Expansion:

• Beta Launch: The Beta version of Velodrome Superchain will debut in the coming weeks, starting on Mode and eventually expanding to other Layer 2 networks utilizing the OP Stack.
• Superchain Vision: Velodrome aims to be the main liquidity and trading hub across various Layer 2 ecosystems within the Optimism Superchain, ensuring sufficient liquidity for core trading pairs in each ecosystem.
• Collaborative Efforts: Layer 2 networks such as Mode, BOB, and Lisk have committed to incentive campaigns on Velodrome, offering over $2 million in rewards for voting with veVELO and other programs.

Three-Phase Implementation Plan:

1. Velodrome Superchain Beta:
   • Deploy sAMM/vAMM on Superchain.
   • Incentivize Liquidity Providers with tokens from respective chains.
   • Trading fees and VELO rewards for Liquidity Providers.
2. Velodrome Superchain 1.0:
   • Integrate technology from OP Labs.
   • Enable veVELO voting on OP Mainnet from other Layer 2 networks.
   • Offer voting incentives and rewards on respective chains.
3. Velodrome Superchain 2.0:
   • Create integrated liquidity infrastructure for all chains on Superchain.
   • Provide deep liquidity for ETH, WBTC, OP, LSTs, stablecoins, and Superchain tokens.
   • Enable cross-chain functionality such as trading, voting, and liquidity provision.

Optimism Superchain Overview:

Superchain is a collection of Layer 2 networks built on OP Stack, aiming to be a scalable, decentralized, secure platform for DApp development on Ethereum. Notable Layer 2 networks within Superchain include:

• OP Mainnet: Governance hub.
• Mint, Zora: NFT-focused.
• Lisk: Real World Assets and DePin.
• Mode, Fraxtal: DeFi-centric.
• Build on Bitcoin (BOB): BTC L2.

These Layer 2 networks contribute to a comprehensive Superchain with an impressive TVL exceeding $11.9 billion.

Velodrome's Impact:

Velodrome currently ranks as the second-largest project by TVL on OP Mainnet, just behind Synthetix. The expansion to additional Layer 2 networks is expected to significantly boost TVL, reflecting Velodrome's growing influence and adoption.

The price of Velodrome's token, VELO, has increased nearly 10% following the announcement of its Superchain launch on May 3rd.