Velocore Overview
- What is Velocore?
Velocore is a self-optimizing decentralized exchange (DEX) that blends advanced DEX strategies into a high-performance system. It provides a platform for low-cost, efficient trading, reducing the need for protocols to excessively increase token rewards, aiming for the collective growth in the DeFi space. Velocore lets users influence how rewards are shared by holding a token, encouraging more people to join and support the system.
- Main Features
- Voting-escrow system in placeGas optimizationReward distributionThree types of token for liquidity poolsLaunchpad
- Blockchains
- ZkSync Era, Linea
Related Apps
A suite of infrastructure products that provide APIs to developers to fast-track the creation of DEXes.
A DeFi Hub built on the zkSync Era scaling solution aiming to be a one-stop shop for various DeFi needs.
A perpetual decentralized exchange offering perpetual contracts, margin trading, and spot trading.
Frequently asked questions
The new voting system implemented by removing 'Epoch' systems aims to address inefficiencies by introducing real-time bribe mechanisms. This system includes internal and external bribes, distributed continuously at a predetermined rate, and offers flexibility for projects to reward users via linear distribution. Rewards are dynamically distributed based on votes cast for pools, promoting efficient reward distribution and allowing users to switch pools at any time for better alignment with their preferences. This epochless approach enhances responsiveness and promotes user-friendly engagement.
In traditional setups, pair contracts typically allow the exchange of one token for another, limiting liquidity providers (LPs) to handling a specific number of tokens. LPs like 3pool can manage three types of tokens, but for those supporting more, like Balancer with up to eight, this restriction can be inefficient. To address this, we've upgraded our TokenVault contracts to support multiple inputs and outputs, including LPs. This enhancement enables innovative and efficient swaps, benefiting DEX aggregators and arbitrageurs by expanding the range of possible swap combinations and strategies.
Yes, they are audited by zokyo.
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