What is the current price of Velodrome (VELO)?

The current price of Velodrome (VELO) is 0.078804130879045 AUD, representing a -4.53 from the day prior.

Can I buy Velodrome (VELO) on Coinstash?

Yes - you can easily buy and sell Velodrome (VELO) on Coinstash. Simply login or sign up, to start buying Velodrome (VELO) in minutes.

Where is the best place to buy Velodrome (VELO) in Australia?

The best place to buy Velodrome (VELO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Velodrome (VELO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Velodrome (VELO)?

The trading volume of Velodrome (VELO) is 17.7M AUD in the last 24hrs, representing a -4.53 from the day prior.

How can I buy Velodrome (VELO)?

Velodrome (VELO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Velodrome (VELO)?

The current market cap of Velodrome (VELO) is 72.4M AUD.

Can I convert Velodrome (VELO) to cash?

Yes - With Coinstash you can convert your Velodrome (VELO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Velodrome (VELO) are there?

The current circulating supply of Velodrome (VELO) is 916.6M.

Is Coinstash a safe place to buy Velodrome (VELO) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Velodrome (VELO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Velodrome (VELO)

What is Velodrome Finance?

Velodrome Finance is a decentralised derivatives trading platform and Automated Market Maker (AMM) designed to serve as the central trading and liquidity marketplace on the Optimism Network. The platform aims to facilitate protocols on Optimism in properly incentivising liquidity for their particular use cases.

How does Velodrome Finance work?

Velodrome Finance operates on the Optimism Network, leveraging the Ethereum blockchain. It uses an Automated Market Maker (AMM) model to maximise capital efficiency and ensure optimal price execution. Smart contracts are employed to manage liquidity pools and trading activities, allowing users to engage in decentralised token swaps, liquidity provision, and yield farming.

What are the potential use cases for Velodrome Finance?

The potential use cases for Velodrome Finance include:

Liquidity Provision: Users can contribute to liquidity pools and earn a share of trading fees.
Yield Farming: Staking liquidity provider tokens for additional reward opportunities.
Decentralised Governance: Token holders participate in decision-making processes via votes.
Efficient Trading: Facilitating low-cost and fast token trading.
Hedging Strategies: Incorporating liquidity strategies to hedge against market volatility.

What is the history of Velodrome Finance?

Velodrome Finance was founded by VeDAO, following the collapse of the Solidly protocol by Andre Cronje. The VeDAO team utilised lessons from Solidly and Cronje's open-source code to create Velodrome on the Optimism Network. Key milestones include its launch in June 2022 and achieving significant growth within the Optimism ecosystem, such as reaching a considerable portion of Total Value Locked (TVL) and partnering with prominent projects.