Farmers Markets #6: Vote your veAERO and veVELO

BbyA...nMtW
1 Jun 2024
370

If you aren't familiar with the veTOKEN model then check out my explainer post about this on Bulb https://www.bulbapp.io/p/270273dd-697b-4332-85ac-db65e50bb46d/vetokens-defi-lore-innovation-yield-from-voting?s_id=bccb5ecb-0380-433a-9e2e-f1405a0305e2

If you want to know more about the analysis here see my post on Bulb
https://www.bulbapp.io/p/d82b629d-6790-4bfe-b185-c1156997baf4/farmers-markets-0-beets-aero-velo-equal-gauges?s_id=d3ffcb86-d4db-4c5f-acc5-0546d4c1744c



Voting veVELO - Epoch 105

See Dune Dashboard for Epoch details https://dune.com/0xkhmer/velodrome
Velodrome Vote: https://velodrome.finance/vote
Optimism Block Explorer https://optimistic.etherscan.io/
Birdseye token explorer https://birdeye.so/?chain=optimism
Velodrome Epoch Dune dashboard https://dune.com/0xkhmer/velodrome


Epoch 104 rewards


Who I voted for
Pool address
https://optimistic.etherscan.io/address/0x6ea20dbc05f58ed607c374e545bfb402d5796770

How I voted


How it ended up




Overall not too bad. A bit less than 50% than we'd estimated when the vote went in, but still an okay result. We're keeping all of this and adding to our existing holdings. $TLX has been doing okay for us so far.
https://www.coingecko.com/en/portfolios/public/BAh7BjoRcG9ydGZvbGlvX2lkaQOMdvs=--a87db3ce145500cb6b6133a305b803e1c1b0f96f




Who I'm voting my veVELO for this epoch


Who I voted forhttps://optimistic.etherscan.io/address/0xC04754F8027aBBFe9EeA492C9cC78b66946a07D1

How I voted


Assessing the rewards

NOTE: The votes are low, so the return will likely change.

$SONNE

Sonne Finance is a well known lending platform on Optimism and Base.
Web https://sonne.finance/
X https://x.com/SonneFinance

Recently they experienced a bad hack.



That has tanked their token price.
I think it's a decent bet to pick up some $SONNE tokens now whilst they're relatively cheap and $SONNE as a whole has some uncertainty around them. Of course they could just shut down and everything go to zero, but it's a risk reward that's worth taking for this vote I think.

https://birdeye.so/token/0x1DB2466d9F5e10D7090E7152B68d62703a2245F0?chain=optimism



Those empty vAPRs....

This time we're looking at what might be best described as a zombie token.

$RED https://optimistic.etherscan.io/token/0x3417e54a51924c225330f8770514ad5560b9098d in some ways is a legit looking token. It's been around for a while and is across a few longer lived LPs.



But on closer inspection it's impossible to find anything about it and the liquidity means if you did have tokens they might be hard to sell at anywhere near market price.

https://birdeye.so/token/0x3417E54A51924C225330f8770514aD5560B9098D?chain=optimism

https://dexscreener.com/optimism/0x7a7f1187c4710010db17d0a9ad3fce85e6ecd90a



Voting veAERO - Epoch 40

Aerodrome Rewards: https://aerodrome.finance/dash
Aerodrome Voting https://aerodrome.finance/vote
Base Block Explorer https://basescan.org/
Birdseye Token Explorer https://birdeye.so/?chain=base
Aerodrome Epoch Dune dashboard https://dune.com/0xkhmer/aerodrome


Epoch 39 rewards


Who I voted for

Unfortunately I forgot to post my voting rewards screenshot last time out! So we'll just have to use the percentage to estimate.


How it ended up





We ended up a bit under half of what we originally estimated. We're going to hang onto $GHST and $DEGEN for now.




Who I'm voting my veAERO for this epoch


Who I voted forhttps://basescan.org/address/0x862a9d8443bbf74cf86bc05afc8e05c63319dc1e


How I voted



Assessing the rewards


$ETHXY

Token https://basescan.org/address/0x862a9d8443bbf74cf86bc05afc8e05c63319dc1e
Website https://ethxy.com/ very interesting site, make sure to pay close attention to what's going on here. Make sure to get in line!
X https://x.com/ethxy

They're an upcoming L3 sitting on top of Base that are games focused.



Actually have legit funding too.



This is a case where the token chart probably doesn't reflect what the project is actually doing. Not to say they'll not go to zero. Plenty of dead chains out there. Just it's more than just a memecoin on Base.

https://birdeye.so/token/0xD1917629B3E6A72E6772Aab5dBe58Eb7FA3C2F33?chain=base



Those multiple vAPRs...

Shout out to memecoin $MOCHI who don't have a lot of volume but are trying to make the most of what little they do have.
Token https://basescan.org/token/0xf6e932ca12afa26665dc4dde7e27be02a7c02e50
Website https://mochithecatcoin.com/




But it does have reasonable trading volume. Probably one to watch.

https://birdeye.so/token/0xF6e932Ca12afa26665dC4dDE7e27be02A7c02e50?chain=base





Over to you

Where are you voting your veAERO and veVELO this epoch?
Let me know in the comments!

You can have some cake

Cakes On Solana

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