Optimism-Based Velodrome Token Slides Nearly 8% Ahead of Major Upgrade

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Optimism-Based Velodrome Token Slides Nearly 8% Ahead of Major Upgrade
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.VelodromeFi will upgrade to its second version on June 15. The price of its native token VELO has declined roughly 8% in the past 24 hours to $0.088 at press time. reporting

The price of VELO has dropped around 8% in the past 24 hours to $0.088 at press time.

Velodrome - the largest decentralized exchange on layer 2 network Optimism - will upgrade June 15 to its second version, an entire redesign of the protocol aimed at improving end-user experience and security as well as simplifying smart-contract architecture. The second iteration of Velodrome will include several new features, including a frontend that was rebuilt from scratch, customizable pool fees that allow for dynamic voting rewards and concentrated liquidity pools.

The price of VELO - the native utility token for Velodrome used to reward liquidity providers - has declined about 8% in the past 24 hours to 8.8 cents at press time, data from

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