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Velodrome’s AMM Agreement Proposal to Increase Liquidity of Stargate on Optimism

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It is reported that Velodrome, the AMM agreement on Optimism, launched the proposal of Make Velodrome the STG Hubon Optimism on Commonwealth to increase the li…

Velodrome’s AMM Agreement Proposal to Increase Liquidity of Stargate on Optimism

It is reported that Velodrome, the AMM agreement on Optimism, launched the proposal of Make Velodrome the STG Hubon Optimism on Commonwealth to increase the liquidity of Stargate on Optimism. The proposal proposes that Stargate, based on the cross-chain liquidity agreement of LayerZero, transfer $1.5 million of POL (the liquidity owned by the agreement) from UniswapLP pool to Velodrome and bribe STG-USDC pool. Velodrome will match 40% of Stargate’s bribes (bribes) according to the Tourde OP incentive plan, which can have more than four times the impact on STG-USDC’s liquidity incentive Chans.

Velodrome community proposed Stargate to transfer $1.5 million POL to Velodrome

Interpretation of the news:


Velodrome, an automated market maker (AMM) agreement on Optimism, recently launched a proposal to make Velodrome the STG Hub on Optimism in order to increase the liquidity of Stargate on Optimism. The proposal aims to transfer $1.5 million of POL belonging to the cross-chain liquidity agreement of LayerZero from the UniswapLP pool to Velodrome, followed by a transfer of the same amount to the STG-USDC pool via bribery. Velodrome, in turn, plans to match 40% of Stargate’s bribes according to the Tourde OP incentive plan, which can have more than four times the impact on STG-USDC’s liquidity incentive channels.

In simpler terms, Velodrome wants to increase the amount of STG-USDC liquidity incentives by proposing to shift $1.5 million of POL from UniswapLP to Velodrome, where it will then use it to bribe the STG-USDC pool. Velodrome’s solution is to create a win-win situation where both Stargate and Velodrome will benefit from increased liquidity incentives and stimulate market activity.

The proposed plan aims to optimize the existing liquidity of Stargate on Optimism, allowing the community to gain greater access to liquidity and more efficient price discovery. The proposal is in line with the Tourde OP initiative, which is aimed at incentivizing liquidity provision, and it could help increase the overall market activity and usage of Stargate.

The result of this proposal would mean more opportunities for traders and investors to participate in the Stargate ecosystem, a more efficient price discovery mechanism, and higher visibility of Stargate in the broader market. Velodrome’s proposal reinforces the ethos of transparency, fairness and liquidity optimization, which is in line with the core values of the crypto community.

In conclusion, Velodrome’s proposal to make Velodrome the STG Hub on Optimism in order to increase the liquidity of Stargate on Optimism is an innovative solution that could benefit both Stargate and Velodrome alike. The proposed transfer of $1.5 million and matching of bribes is a strategic way to optimize Stargate’s liquidity, stimulate market activity, and create a more efficient price discovery mechanism. Tourde OP’s initiative to incentivize liquidity provision is the driving force behind this proposal, and it reinforces the values of transparency, fairness, and liquidity optimization within the crypto community.

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