The first criterion we chose to measure the health of Velodrome platform is the number of transactions and users of Velodrome in recent days.

According to the chart, at the end of July, the number of transactions and users of Velodrome has decreased, and as you can see, we also see a decrease in the Opti chain, and this decrease is normal for Velodrome , but on August 5, the number of transactions and users has decreased drastically

Velodrome continues to grow in the cumulative charts of the platform

The next criterion to check the health of Velodrome liquidity pools and check them in terms of the number of users, transactions and their volume in Velodrome

As it is known in the cumulative USD volume chart, after August 4, the volume of input to the pools has started to decrease

To date, the pool that has the most liquidity is pool sAMM-USDC/sUSD, which has 10M USD

Velodrome

In terms of the number of users, pool vAMM-VELO/USDC has had the most users to date, and pool vAMM-OP/USDC has had the most transactions.

As it is clear in the daily deposit and withdrawal chart, exactly after August 4th, the amount of withdrawal from Velodrome pools starts to increase, and from the same day, the amount of depositing decreases, in the cumulative chart, the amount of liquidity in the pools also decreases, which shows It tells about an important event in Velodrome

In total, the amount of deposit in Velodrome pools was 229.5M and the amount of withdraw was 173M USD.

The third criterion is the volume of locking and the duration of locking users in Velodrome

As you can see, on August 5th, we had a stop in the locking process, and after that time, the amount of deposit for locking will gradually increase, but in the last few days, this process is not like the days before August 5th, and the amount of deposits And the lockouts are much less

The interesting point in the graph of the average locking time in Velodrome is that after August 5th the average locking time for one day decreases but again the average locking time increases, even more than the days before August 5th.

The total volume locked in Velodrome is 4.2M USD so far and the average duration of locking in Velodrome is about 3 years.

The result

As it was known in the news, the Velodrome platform was attacked by hackers on August 4th, and this caused all the criteria we considered for the health of Velodrome to begin to decrease after that day, but we concluded that otherwise From the volume of input to Velodrome and pools, in other cases, such as the number of transactions, the number of users, the duration of locking, etc, Velodrome continues to grow as before, and this platform continues to meet the criteria even after being hacked. He is in good health and this event could not stop Velodrom's growing trend

About

Velodrome Finance, at its core, is a solution for protocols on Optimism to properly incentivize liquidity for their own use cases. Building on top of the groundwork laid out by Solidly, our team has addressed that first iteration's core issues to realize its full potential.

Who is behind this project?

The team behind Velodrome Finance previously launched veDAO, an initiative incubated by Information Token. veDAO's founding mandate was to engage with the Solidly ecosystem, a protocol launched on the Fantom network by Andre Cronje, while driving long-term value to the veDAO community.

The veDAO team has since developed deep subject matter expertise on both Solidly, the veNFT primitive, and the ve(3,3) mechanism, becoming the go-to resource for protocols and chains seeking support around these topics.