Farmers Markets #9: Vote your veAERO and veVELO
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 107
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 106 rewards
Where we voted
How we voted
How it ended up
Rewards were roughly in line with our predicted outcomes. We add $TLX to our holdings.
It's performed in line with the recent market downturn. 
Who I'm voting my veVELO for this epoch
Who we voted for
How we voted
Assessing the rewards
$USX
website https://dforce.network/
docs https://docs.dforce.network/
X https://x.com/dForcenet
blog https://medium.com/dforcenet
From the docs
USX is an interoperable, permissionless, and hybrid stablecoin infrastructure that enables highly efficient cross-chain capabilities.
So it's another stablecoin play. Currently dForce are on 8 different chains.
Those two sided vAPRs....
This time out we're taking a look at the other side of our vote. 
Whilst the $USX and $OP rewards are good, the $DF rewards are.... less so.
$DF just hasn't been a great token on Optimism. An example of just because a project is okay doesn't mean every single bit of it is performing to the same level.
In dForce's defence they are spread across 8 blockchains so it's not surprising to see their protocol token with next to no liquidity on some of them.
Voting veAERO - Epoch 42
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 41 rewards
Where we voted.
How we voted
How it ended up
We ended up at under 50% of our predicted rewards. Given $RWAX is still a fairly new project we'll hang onto our rewards and track them in our CoinGecko portfolio.
https://www.coingecko.com/en/portfolios/public/BAh7BjoRcG9ydGZvbGlvX2lkaQOMdvs=--a87db3ce145500cb6b6133a305b803e1c1b0f96f
Who I'm voting my veAERO for this epoch
Who we voted for 
How we voted
Assessing the rewards
These are both yield generating tokens which are configured much like LSTs (e.g., $stETH). Both come from the same project: Reserve. Simply holding them is all that is required to receive yield distributions.
Website https://app.reserve.org/
docs https://reserve.org/protocol/
blog https://blog.reserve.org/
$bsdETH
Basket of $ETH LSTs on Base.
https://app.reserve.org/base/token/0xcb327b99ff831bf8223cced12b1338ff3aa322ff/overview
$rgUSD
Yield generating USD pegged stablecoin.
https://app.reserve.org/ethereum/token/0x78da5799cf427fee11e9996982f4150ece7a99a7/overview
Those high vAPRs...
This time we're looking at $wXCH. All the vAPR is incentives. Of which there are A LOT.
No info I can find at all on the token. And given this chart you'd seriously doubt the market price of those incentives will stay where it is for long.
Over to you
Where are you voting your veAERO and veVELO this epoch?
Let me know in the comments!
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