Introduction

Welcome to the Rewards Analysis section of our dashboard. This section provides comprehensive insights into the various rewards that stakeholders receive in the Velindrome ecosystem, encompassing voters, token holders, and liquidity providers. As per the current data, Velindrome voters are being rewarded approximately $1 million per week for participating in voting activities. These rewards come in the form of OP tokens and VELO tokens, signifying an active approach to incentivize democratic participation in the platform's decision-making process. Moreover, each week we observe between $100,000 to $200,000 worth of 'bribes' (incentives) distributed to Velindrome token holders. These incentives, often used to sway voting towards specific emissions to certain pools, form an integral part of the Velindrome rewards system. Liquidity providers aren't left out either, with weekly payouts in VELO tokens amounting to $20,000 to $50,000. Since the start of these reward programs, nearly 40,000 users have received rewards in nearly a hundred different tokens, illustrating the vast and diverse nature of the Velindrome ecosystem. What's particularly fascinating is the significant growth in rewards received by token holders between the end of 2022 and the start of 2023. During this period, weekly rewards rose from under $500,000 to peaks of over $2 million. Currently, the weekly reward pool hovers slightly above $1 million. Taking a holistic view, if we extrapolate the current bribe rate over the course of a year, Velindrome disperses approximately $7.5 million in bribe tokens. This forms a compelling incentive for stakeholders to increase liquidity provision in their pools, and fundamentally underscores the rewards-driven nature of the Velindrome ecosystem. This analysis section offers vital insights into the Velindrome reward system and can serve as a crucial tool for stakeholders to understand the profitability and sustainability of their participation in the Velindrome ecosystem. Keep an eye on this dashboard for updates and trends in the Velindrome rewards landscape.

Velodrome DEX/Token Analysis