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Velodrome: score, security record and what it is for

72/100SCORE · BTrusted Grade B, very good

Velodrome is the primary decentralised exchange on Optimism and the design Aerodrome was later built from. Its record is clean; its limitation is that Optimism carries less activity than Base.

The facts

LIVE SINCE: 2022
TYPE: AMM, vote escrowed
CHAINS: Optimism
SWAP FEE: Around 0.05 percent stable and 0.30 percent volatile.
AUDITS: Audited. The design Aerodrome was later built from.
WHO CAN CHANGE IT: veVELO vote escrowed governance.

How the score breaks down

security22/30

liquidity16/25

chains8/15

costs14/15

decentralisation12/15

Where it is strong and where it is not

✓ Strengths

The main liquidity venue on Optimism
Proven vote escrowed design
No exploit on record
Genuine governance

✗ Weaknesses

Optimism only
Smaller than its Base sibling Aerodrome
Emissions driven liquidity is mobile

Exploit history

No exploit of the core contracts on record.

Our read

The original of the design Aerodrome now uses on Base, and the dominant venue on Optimism. Clean record, limited by its chain.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.