Farmers Markets #14: Vote your veAERO and veVELO

BbyA...nMtW
8 Jul 2024
189

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 110

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 109 rewards

Who we voted for
https://optimistic.etherscan.io/address/0x92FB369363498d8bFEFc4EB705d8c91a51d22C45

How we voted


How it ended up




About half the projected ROI is very par-for-the-course with this sort of thing. wOPTIDOGE goes into our holdings and VELO goes into our lock.




Who I'm voting my veVELO for this epoch


Who we' voted forhttps://optimistic.etherscan.io/address/0x4F3da11c5caDf644ae023Dbad01008a934C993E2


How we voted


Assessing the rewards

Stablecoins and OP. Pretty standard stuff.


Those interesting vAPRs....

This time out we're looking at an interesting token.
The LP is nothing to write home about. Basically nothing in rewards.
But the token opxveVELO is interesting.

https://optimistic.etherscan.io/address/0x904f14F9ED81d0b0a40D8169B28592aac5687158


opxveVELO


Perpetually Bonded VELO (aka opxveVELO) is a solution to the problem veTOKENs have with liquidity. Whilst there is a lot of VELO in total, the vast majority of it is locked up in voting NFTs so the liquidity is very low for a nominally high MC token.
Enter the solution OpenXSwap have come up with for veVELO (and other similar tokens).

Website https://app.openxswap.exchange/PerpetualBonds#/opxveProject
X https://x.com/OpenXSwap
Docs https://docs.openxswap.exchange/the-open-x-project/opxvelo-optimism/collateralization


However for a project that's trying to improve veVELO liquidity... it's not doing a stellar job so far.

https://birdeye.so/token/0x46f21fDa29F1339e0aB543763FF683D399e393eC?chain=optimism





Voting veAERO - Epoch 45

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 44 rewards

Who we voted forhttps://basescan.org/address/0xad04be2b6613586f83049d5953611baa23971340#tokentxns

How we voted


How it ended up




Whilst it's not unusual to see ROI go down at the end of the voting period what happened here is we also got hit with the price of OKAYEG dumping as well.
Not to matter. We'll hold onto this memecoin for now.




Who we're voting my veAERO for this epoch


Who we voted for

How we votedhttps://basescan.org/address/0x4F9Dc2229f2357B27C22db56cB39582c854Ad6d5


Assessing the rewards

Really interesting one this. Not often you see a project with very small fee volume then reward in a non-project token. But this is what fBOMB are doing, putting all the rewards in AERO.
We are sooooo here for it.




Those successful memecoin vAPRs...

Not often you see a memecoin achieve such a high vAPR on fees alone. But that's what BRETT has done. 2nd highest fees on all of Aerodrome no less.



Website https://www.basedbrett.com/
X https://x.com/BasedBrett


https://birdeye.so/token/0x532f27101965dd16442E59d40670FaF5eBB142E4?chain=base





Pausing veVELO and veAERO Farmers Markets

We're hitting pause on the these posts for now.

By now there's been enough posts for people to have gotten their heads around using the tools, interpreting data, and tracking results so that they can confidently engage in veTOKEN voting on Velodrome and Aerodrome and pretty much any veTOKEN voting model out there.

If we find a way to bring something fresh and new to the post format we'll start them back up again.



You can have some cake

Cakes On Solana

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