Velodrome announced that it will become the main liquidity hub for the OP superchain and will first expand to the Mode network

ChainCatcher news, Velodrome has announced that it will evolve into the main liquidity hub of the OP Superchain and will first expand to the Mode network. In the coming months, Velodrome will extend its innovative AMM and Gauge technology to the Mode network to support its growth. This means that veVELO voters will be able to direct VELO emissions to the Gauge on Mode and earn rewards generated in the Mode pools. To support Velodrome's growth on Mode, the Mode network has committed to providing $1 million in voting incentives to increase ecosystem rewards.

Additionally, the Mode network has acquired veVELO positions in the market and will use them to vote for token emissions to Mode trading pairs. Velodrome will work closely with Mode to support the growth of existing protocols on Mode and attract new builders to the ecosystem. Velodrome will become the MetaDEX of the Optimistic Superchain, making cross-network access and incentivizing liquidity simple.