Velodrome Finance：专注用户体验的新型AMM

目前最流行的 web3 金融领域之一是流动性提供。有各种各样的自动化做市商正在寻找向市场出售流动性的方法，同时为自己的社区成员提供利润。 Velodrome Finance 是一家建立在 Superchain 网络上的自动化做市商 (AMM)，旨在在一个方便的地方提供 Convex 和 Uniswap 的市场功能。

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 网络上的自动化做市商 (AMM)，旨在在一个方便的地方提供来自 Curve Convex 和 Uniswap 的市场功能。它旨在为许多其他程序提供流动性，同时还允许交易者交换代币。

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.

超级链网络是一个将多个区块链组合成一个无缝网络的生态系统。超级链最初由 Optimism 生态系统发起，现在拥有多种合作伙伴。它与许多基于以太坊的链兼容，包括 Base 和 World Chain。

History of Velodrome

自行车馆的历史

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 的发展经历了多个阶段。该项目最初始于 2022 年，是一个名为 Solidly 的去中心化交易所 (DEX)，由著名去中心化金融 (DeFi) 架构师 Andre Cronje 创建，他曾帮助创建 Fantom 基金会和 Yearn Finance。该 DEX 的众多功能之一是 veDAO，一个专注于代币分发的去中心化自治组织 (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 推出几个月后，创始人因意见分歧而分道扬镳。最初，这让 veDAO 的未来悬而未决。然而，社区成员联合起来决定拯救他们的系统。 veDAO 吸收了 Solidly DEX 设计中最好的部分，并将其转移到 Optimism。

What Does Velodrome Aim to Achieve?

Velodrome 的目标是什么？

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 的主要目标是创建其他流行流动性提供商（例如 Uniswap 和 Convex for Curve）的可持续且以用户为中心的版本。与许多其他自动化做市商不同，Velodrome 完全由用户运营。作为一个 DAO，Velodrome 鼓励用户提交提案并对提案进行投票。通过让用户能够监管从费用到品牌的一切事务，Velodrome 确保每个参与者的意见都能被听到。

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 的治理模式还旨在激励用户致力于社区的长期发展。与一些只注重短期个人利润的系统不同，Velodrome 有专门奖励那些参与社区发展的人的激励措施。它相信这种设计可以确保系统拥有定期用户，他们可以做出增强其整体可持续性的决策。

How Does Velodrome Work?

自行车馆如何运作？

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 的飞轮设计始于流动性提供者暂时将其代币放入集中流动性池中。然后，交易者使用流动性中心的资金以最小的滑点促进交易，并为此特权支付低廉的费用。然后这些费用以 VELO 排放的形式传输给流动性提供者。如果流动性提供者希望加入 Velodrome 治理模型并对协议升级进行投票，则可以选择锁定其 VELO 代币。这个飞轮周期有 7 天的时间表。每周，Velodrome 都会更新其系统，重新计算选票、交易费用和 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 的另一个独特机制是其区块链基础。 Velodrome 不是建立在单个链上，而是设计为在 Optimism 超级链网络上运行。在操作流动性管理系统时，Velodrome 并不关注基于代币主链的单个流动性池。相反，它的协议路由器会评估多种类型的流动性池，以自动选择具有最有效价格和最佳交易执行路线的流动性池。

Features of Velodrome

自行车馆的特点

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 是一个相当专注的 AMM。它不提供广泛的服务，而是优先考虑在几件事上做好工作。

Swap

交换

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 的兑换服务让交易者可以将一种货币兑换成另一种货币。目前它支持 Optimism 超级链网络内外的多种代币。这种交易形式有很多用途，从投资组合管理到从市场变化中获利。 Velodrome 方便的三步系统只需要用户在交换之前链接他们的钱包，选择他们想要的代币并批准他们的费用报价。

Liquidity

流动性

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 提供集中的流动性池，帮助 DEX 正常运作。作为这些服务的交换，Velodrome 上的流动性提供者可以获得经济奖励。对于许多投资者来说，参与流动性中心是通过他们还不想出售的代币赚取被动收入的一种方式。 Velodrome 提供深度流动性的能力非常受欢迎，以至于它成为超级链上的主要流动性中心。

Velodrome Road Map

自行车馆路线图

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 自早期作为代币交换系统以来已经发生了很大变化，逐渐添加了去中心化、动态费用和去中心化应用程序 (DApp) 界面等功能。它的长期未来将取决于 DAO 投票的变化。然而，目前已经有几项已获批准的提案正在进行中。 2025 年，Velodrome 计划添加更多动态定价选项、额外的治理方法、基于超级链的投票和无桥超级链交换。

Velodrome Tokens

自行车馆代币

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

Velodrome 生态系统依赖以下两个代币才能正常运行。

VELO

维洛

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 是整个 Velodrome 站点的实用代币。它是一种基于 ERC-20 的代币，用于费用和流动性提供。您可以通过直接通过市场购买或通过贡献来获得 VELO