Velodrome: Superchain

The Velodrome Superchain Beta will begin its rollout over the next few weeks. Our first deployment, on Mode, will mark the beginning of a broad expansion across the OP Stack Layer 2 chains that make up theSuperchain. In collaboration with Mode and many other L2 partners soon to be announced, Velodrome will fuel the growth of the Superchain and seamlessly connect liquidity across the ecosystem. In this article, we’ll lay out the timeline and details for Velodrome’s Superchain evolution.

The Superchain Vision

The Optimism Superchain is designed to scale Ethereum to onboard billions of users by offering a user experience as intuitive as a mobile app. Combining the security of Ethereum’s base layer with the benefits of Layer 2 networks — high transaction throughput, low transaction fees, and verticalization — the Superchain solves common scalability issues while ensuring a smooth UX through seamless interoperability.

Superchain Growth

Optimism’s Superchain vision stands out as the most credible for realizing comprehensive Ethereum scaling. Both general purpose and application specific L2s will contribute to a vibrant ecosystem that benefits from the Superchain’s horizontal scaling.

To accelerate innovation in the ecosystem, Optimism will support Superchain builders with its perpetual Retroactive Funding mechanism, redistributing sequencer revenues to reward those who create impact, forming a growth flywheel effect for builders and users. Partner chains will also receive vital shared resources such as oracles, indexers, and block explorers for a best in class developer experience.

Notable Superchains include:

• OP Mainnet — the governance hub
• Mint, Zora — NFT-focused
• Lisk — RWAs and DePin
• Mode, Fraxtal — DeFi
• Build on Bitcoin (BOB) — BTC L2

With a combined Total Value Locked (TVL) surpassing $11.9 billion, the growth of the Superchain has accelerated rapidly, with more joining the ecosystem regularly.

The Superchain network is a constellation of specialized chains: Mint and Zora serve NFT aficionados, Lisk targets Real World Assets, Mode and Fraxtal excel in DeFi, and Build on Bitcoin stands out as a Bitcoin Layer 2 DeFi solution. Each chain contributes to the Superchain’s wealth of options, united by a shared ethos — the commitment to the Optimistic vision for scalable and interoperable blockchains.

Velodrome will service the liquidity needs of each.

Velodrome’s Path to the Superchain

As a MetaDEX, Velodrome combines the best of Curve, Convex, UniV2, and UniV3 into a single streamlined protocol. Velodrome will enable the Superchain vision by serving as the central liquidity and trading hub across the network of L2s, ensuring core pairs have ample liquidity needed to develop their ecosystems.

Mode, BOB, and Lisk have already committed to launch incentives campaigns on Velodrome totalling over $2M in voting rewards and customized points programs. They will also acquire meaningful veVELO voting positions to create a strong alignment with the Velodrome community and direct VELO rewards across their respective ecosystems.

Velodrome will evolve to a chain-level incentive layer, starting with a self-contained Superchain AMM implementation and expanding to a fully integrated MetaDEX as follows.

Velodrome Superchain Beta

• Self-contained gauges and Automated Market Makers (sAMM, vAMM) deployed on each Superchain to enable liquidity bootstrapping.
• The ability for layers and protocols to incentivize LPs directly on their native chains using the native network token.
• Trading fees are compounded and redistributed to LPs as VELO emissions and voting will not yet be live.
• All accessible through the Velodrome front-end.

Velodrome Superchain 1.0

• Supported by the early interoperability technology and standards being developed by OP Labs, rolling out soon.
• veVELO voting occurs on OP Mainnet for all Superchains, emissions are bridged and flow to LPs on Superchain networks.
• Protocols can incentivize voters either on OP Mainnet, or the specific Superchains. Voters claim their rewards on the chains they are deposited.
• The addition of Slipstream AMMs to Superchain deployments.

Velodrome Superchain 2.0

• Integrated liquidity infrastructure to seamlessly serve every major chain on the Superchain network.
• Deep liquidity for critical assets such as ETH, WBTC, OP, LSTs and stablecoins, as well as Superchain tokens.
• Invisible cross-chain interoperability, including swapping, voting, liquidity provision, and incentives.

Optimistic Vision

The Superchain represents a pivotal shift in the landscape of Ethereum scaling, offering a comprehensive, security-focused, and efficient framework that not only enhances user experience but also aligns closely with the ethos of decentralization and public goods.

Velodrome will be working closely with OP Labs’ in designing interoperability for the Superchain and expect early developments later this year. Velodrome is dedicated to being the cornerstone of liquidity and is uniquely positioned to empower chains and protocols on the path to an integrated, user-centric Superchain future.