Methodology

• Locking transaction details were extracted from optimism.core.fact_event_logs table by decoding the DATA field of each transaction.

• The locking durations were extracted by calculating the time difference between decoded locked date and the block timestamp of the transaction.

• The locking durations were categorized into 6 categories for better insight:

  • Less than a week
  • one week to one month
  • one month to 11 months
  • 11 months to one year
  • one year to 3 years and 10 months
  • More than 3 years and 10 months

• Voting transactions were extracted from optimism.core.fact_transactions table by filtering transactions with ORIGIN_FUNCTION_SIGNATURE field of the contract address.

• Users could vote for more than one pool in a single transaction. In this dashboard, up to 5 voted pools were counted for each transaction.

• The most voted pools’ names were manually added.

• Please note that the data of optimism dataset currently includes recent transactions.

• As of this writing, the transactions start on 2022-06-15 in this dashboard, So, for example in this period we had 1810 unique depositors while the number of unique voters was 1980.

• 16M tokens have been locked for 190 days.
• 7.97M tokens have been locked for 365 days.
• 5.53M tokens have been locked for 26 days.
• 3.46M tokens have been locked for 1457 days.
• 65% of locking transactions, Locked tokens for about 4 years, but they comprise less than 29% of total locking deposits. So, locking tokens for about 4 years (More than 3 years and 10 months) comprise more than a quarter of the total deposited locked tokens.
• Only about 1.13% of locked tokens have been locked for more than a year and less than about 4 years.

Introduction

Velodrome finance is a trading and liquidity marketplace on Optimism. the aim of velodrome finance is to tackle problems with liquidity incentivization to become a better DEX.

Velodrome finance is an improved version of solidly. the key innovation of Solidly was to align protocol emissions with fees generated, not simply liquidity. To do this, it would allow protocols and other large stakeholders to become veNFT "voters", using their locked voting power to direct future emissions and collecting fees (termed bribes in Solidly) from the pools they voted for.

In this dashboard, we will analyze new locks created on Velodrome Finance to find out some information about the protocol:

• The most common duration of locking
• Identifying wallets that have locked the most in the past month
• The most voted pools

• Locking tokens for about 4 years slightly increased in the past 5 weeks.
• Locking tokens for less than a month has increased significantly in the past 2 weeks.
• In the past week, about 8.7M tokens were locked for less than a week.

TOP 10 PROVIDERS

• The following table shows wallets that have locked the most in the past month

MOST VOTED POOLS

• More than 77% of pool votes were belong to these 3 pools:
  • VELO/USDC
  • OP/USDC
  • USDC/sUSD

• Top wallets rank 1 and 2, locked tokens for a month or less.
• More than 66% of locked values of top providers, Locked their tokens for a month or less.
• 26.8% of locked values of top providers, Locked their tokens for about 4 years.

• Most voted pools by top providers are:
  • VELO/USDC
  • OP/USDC
  • WETH/USDC

Summary

• 26.8% of the total locked value, has been locked for about 4 years.
• 44.8% of total locked value, has been locked for a year or less.
• 33% of the total locked value, has been locked for a month or less.
• VELO/USDC and OP/USDC are the most voted pools in terms of vote counts.