Decentralized finance (DeFi) is a rapidly changing landscape, with new projects and platforms popping up almost every day. Today, we’re excited to introduce Velocore, a new addition to the DeFi space. It’s built on the solid foundation established by Velodrome Finance and Solidly on the zkSync era chain. In this post, we’d like to give you an introduction to the Velocore protocol and our roadmap for the future. If you have any questions or would like to ask, please feel free to reach out to our community or social media accounts!
I. What is Velocore?
Velocore
Velocore is a DeFi protocol that offers a unique approach to meeting liquidity needs for various projects. The protocol is built upon the reliable foundation of Velodrome, which is built on top of the Solidly codebase. This ensures that liquidity providers are fairly compensated for their contributions, while also taking into account about impermanent loss. We recognize that liquidity is a critical component of DeFi projects, and that’s why Velocore is dedicated to providing an attractive and sustainable solution for liquidity needs. With Velocore, project teams can have the confidence that they are utilizing an innovative and efficient approach to liquidity provision.
Objectives
Velocore is based on the zkSync era, which is a Layer-2 protocol that uses cutting-edge ZK technology to scale Ethereum. Its aim is to providing users with a fast, secure, and efficient way to trade assets while minimizing transaction fees and slippage, and it also supports various protocols onboard for the zkSync era ecosystem. In doing so, Velocore aims to contribute to the mission of the zkSync era, which is to not only increase Ethereum’s throughput but also preserve its foundational values, such as freedom, self-sovereignty, and decentralization, at scale. Ultimately, Velocore aims to contribute to the best rollup ecosystem, making it an exciting project to watch in the evolving DeFi landscape.
II. How does it work?
ve(3,3) Mechanics
Like Velodrome Finance, Velocore adopts a structure commonly referred to as ve(3,3) Mechanics.
- Vote-Escrow, which was first introduced by Curve to incentivize long-term token holding
- Staking/Rebasing/Bonding or (3,3) game theory, which was designed by Olympus DAO.
These ve(3,3) mechanics incentivize behaviors that are closely related to the success of the protocol; liquidity provision and long-term token holding. Liquidity providers receive $VC emissions, while $veVC token holders receive protocol fees, bribes, rebases, and governance power.
III. Protocol Roadmap
Official Launching Schedule
- (✔️) Swap & Pool opening
- (✔️) Defillama integration
- Ecosystem partner grants announcement
- POAP claim open for LP / Traders
- Private sale for whitelisted addresses
- Public sale
- $VC Liquidity pool launch
- Farming pool starts
Launchpad
Lending Protocol
Enabling money legos through liquidity markets in the zkSync era.
Hedge price fluctuation risk and create a delta-neutral position.
Deposit , borrow and leveraging up to earn!
Advanced Type of V2 AMM
Supporting multi-token pools with low slippage swap
Low swap fee for multi-hop routed swaps
IV. Resources
Website: https://velocore.xyz
Twitter: https://twitter.com/velocorexyz
Discord: https://discord.velocore.xyz/
Medium: https://medium.com/@velocorexyz
Official Telegram: https://t.me/velocorexyz
Official Docs: https://docs.velocore.xyz/
Be The Core, Velocore
