Velodrome Finance：專注使用者體驗的新型AMM

目前最受歡迎的 web3 金融領域之一是流動性提供。有各種各樣的自動化做市商正在尋找向市場出售流動性的方法，同時為自己的社區成員提供利潤。 Velodrome Finance 是一家建立在 Superchain 網路上的自動化做市商 (AMM)，旨在在一個方便的地方提供 Convex 和 Uniswap 的市場功能。

Velodrome Finance is an automated market maker (AMM) built on the Superchain network that aims to offer marketplace features from Curve Convex and Uniswap in one convenient place. It’s designed to provide liquidity to many other programs while also allowing traders to swap tokens.

Velodrome Finance 是一家建立在 Superchain 網路上的自動化做市商 (AMM)，旨在在一個方便的地方提供來自 Curve Convex 和 Uniswap 的市場功能。它旨在為許多其他程式提供流動性，同時也允許交易者交換代幣。

The Superchain network is an ecosystem that combines multiple blockchains into one seamless network. Initially launched by the Optimism ecosystem, Superchain now has a variety of partners. It works with many Ethereum-based chains, including Base and World Chain.

超級鏈網路是一個將多個區塊鏈組合成一個無縫網路的生態系統。超級鏈最初由 Optimism 生態系統發起，現在擁有多種合作夥伴。它與許多基於以太坊的鏈兼容，包括 Base 和 World Chain。

History of Velodrome

自行車館的歷史

Velodrome Finance’s evolution has involved various stages. The project initially began in 2022 as a decentralized exchange (DEX) called Solidly, created by Andre Cronje, a well-known decentralized finance (DeFi) architect who previously helped to found Fantom Foundation and Yearn Finance. One of the many features of this DEX was veDAO, a decentralized autonomous organization (DAO) focused on token distribution.

Velodrome Finance 的發展經歷了多個階段。該計畫最初始於 2022 年，是一個名為 Solidly 的去中心化交易所 (DEX)，由著名去中心化金融 (DeFi) 架構師 Andre Cronje 創建，他曾幫助創建 Fantom 基金會和 Yearn Finance。該 DEX 的眾多功能之一是 veDAO，一個專注於代幣分發的去中心化自治組織 (DAO)。

A few months after its launch, Solidly's founders parted ways over a disagreement. Initially, this left the future of veDAO up in the air. However, community members banded together and decided to save their system. veDAO took the best parts of the Solidly DEX design and moved it to Optimism.

Solidly 推出幾個月後，創辦人因意見分歧而分道揚鑣。最初，這讓 veDAO 的未來懸而未決。然而，社區成員聯合起來決定拯救他們的系統。 veDAO 吸收了 Solidly DEX 設計中最好的部分，並將其轉移到 Optimism。

What Does Velodrome Aim to Achieve?

Velodrome 的目標是什麼？

Velodrome's main goal is to create a sustainable and user-focused version of other popular liquidity providers, such as Uniswap and Convex for Curve. Unlike many other automated market makers, Velodrome is entirely run by its users. As a DAO, Velodrome encourages users to submit proposals and vote on proposals. By giving users the ability to regulate everything from fees to branding, Velodrome ensures that each participant's opinions are heard.

Velodrome 的主要目標是創建其他流行流動性提供者（例如 Uniswap 和 Convex for Curve）的可持續且以用戶為中心的版本。與許多其他自動化做市商不同，Velodrome 完全由使用者營運。作為一個 DAO，Velodrome 鼓勵用戶提交提案並對提案進行投票。透過讓使用者能夠監管從費用到品牌等各個方面，Velodrome 確保每個參與者的意見都能被聽到。

Velodrome's governance model is also meant to incentivize users to commit to long-term community growth. Unlike some systems that are all about short-term individual profit, Velodrome has incentives that specifically reward those involved in community growth. It believes this design ensures the system has regular users who make decisions that enhance its overall sustainability.

Velodrome 的治理模式也旨在激勵使用者致力於社群的長期發展。與一些只注重短期個人利潤的系統不同，Velodrome 有專門獎勵那些參與社區發展的人的激勵措施。它相信這種設計可以確保系統擁有定期用戶，他們可以做出增強其整體永續性的決策。

How Does Velodrome Work?

自行車館如何運作？

Velodrome’s flywheel design starts with liquidity providers temporarily placing their tokens in concentrated liquidity pools. Traders then use funds from the liquidity hub to facilitate trading with minimal slippage, paying low fees for the privilege. These fees are then transmitted to liquidity providers in the form of VELO emissions. Liquidity providers can choose to lock their VELO tokens, if they wish to join the Velodrome governance model and vote on protocol upgrades. This flywheel cycle has a seven-day timeline. Every week, Velodrome updates its system to recalculate votes, trading fees and VELO emissions.

Velodrome 的飛輪設計始於流動性提供者暫時將其代幣放入集中流動性池中。然後，交易者使用流動性中心的資金以最小的滑點促進交易，並為此特權支付低廉的費用。然後這些費用以 VELO 排放的形式傳輸給流動性提供者。如果流動性提供者希望加入 Velodrome 治理模型並對協議升級進行投票，則可以選擇鎖定其 VELO 代幣。這個飛輪週期有 7 天的時間表。每週，Velodrome 都會更新其係統，重新計算選票、交易費用和 VELO 排放量。

Another unique mechanic of Velodrome Finance is its blockchain base. Instead of being built on a single chain, Velodrome is designed to run on the Optimism Superchain network. When operating the liquidity management system, Velodrome doesn't focus on individual liquidity pools based on a token's home chain. Instead, its protocol router evaluates multiple types of liquidity pools to automatically select the one with the most efficient prices and optimal trade execution routes.

Velodrome Finance 的另一個獨特機制是其區塊鏈基礎。 Velodrome 不是建立在單一鏈上，而是設計為在 Optimism 超級鍊網路上運作。在操作流動性管理系統時，Velodrome 並不關注基於代幣主鏈的單一流動性池。相反，它的協議路由器會評估多種類型的流動性池，以自動選擇具有最有效價格和最佳交易執行路線的流動性池。

Features of Velodrome

自行車館的特點

Velodrome is a fairly focused AMM. Instead of providing a wide range of services, it prioritizes doing an excellent job at just a few things.

Velodrome 是相當專注的 AMM。它不提供廣泛的服務，而是優先考慮在幾件事上做好工作。

Swap

交換

Velodrome's swapping service lets traders exchange one type of coin for another. It currently supports a broad range of coins, both on and off the Optimism Superchain network. This form of trading has many uses, ranging from portfolio management to profiting from market changes. Velodrome's convenient three-step system simply requires users to link their wallets, choose their desired tokens and approve their fee quotes before swapping.

Velodrome 的兌換服務讓交易者可以將一種貨幣兌換成另一種貨幣。目前它支援 Optimism 超級鏈網路內外的多種代幣。這種交易形式有很多用途，從投資組合管理到從市場變化中獲利。 Velodrome 方便的三步驟系統只需要用戶在交換之前連結他們的錢包，選擇他們想要的代幣並批准他們的費用報價。

Liquidity

流動性

Velodrome offers concentrated liquidity pools that help DEXs function properly. In exchange for these services, liquidity providers on Velodrome earn financial rewards. For many investors, participating in a liquidity hub is a way to earn passive income on tokens they don't yet want to sell. Velodrome's ability to provide deep liquidity is so popular that it's the primary liquidity hub on the Superchain.

Velodrome 提供集中的流動性池，幫助 DEX 正常運作。作為這些服務的交換，Velodrome 上的流動性提供者可以獲得經濟獎勵。對許多投資者來說，參與流動性中心是透過他們還不想出售的代幣賺取被動收入的一種方式。 Velodrome 提供深度流動性的能力非常受歡迎，以至於它成為超級鏈上的主要流動性中心。

Velodrome Road Map

自行車館路線圖

Velodrome has changed a lot since its early days as a token-swapping system, gradually adding features like decentralization, dynamic fees and a decentralized application (DApp) interface. Its long-term future will depend upon the changes its DAO votes on. However, there are already several approved proposals currently in the works. In 2025, Velodrome plans to add more dynamic pricing options, additional governance methods, Superchain-based voting and bridgeless Superchain swaps.

Velodrome 自早期作為代幣交換系統以來已經發生了很大變化，逐漸添加了去中心化、動態成本和去中心化應用程式 (DApp) 介面等功能。它的長期未來將取決於 DAO 投票的變化。然而，目前已經有幾項已獲批准的提案正在進行中。 2025 年，Velodrome 計劃添加更多動態定價選項、額外的治理方法、基於超級鏈的投票和無橋超級鏈交換。

Velodrome Tokens

自行車館代幣

The Velodrome ecosystem relies on the following two tokens to function properly.

Velodrome 生態系統依賴以下兩個代幣才能正常運作。

VELO

維洛

VELO is the utility token for the entire Velodrome site. It's an ERC-20 – based token that’s used for fees and liquidity provision. You can obtain VELO either by purchasing it directly through the market, or by contributing to

VELO 是整個 Velodrome 網站的實用代幣。它是一種基於 ERC-20 的代幣，用於費用和流動性提供。您可以透過直接透過市場購買或透過貢獻來獲得 VELO