#GGG Partnership: VELOCORE
Good Games Guilds continues the strike to create a shared metaverse. We are thrilled to announce that we will have a strategic partnership with VELOCORE — the first ve(3,3) DEX on the zkSync network.
Our partnership allows the GGG community to have seamless trading and farming opportunities for $GGG tokens on the zkSync network through VELOCORE’s innovative platform. By joining forces, GGG and VELOCORE strive to enhance the accessibility and utility of $GGG tokens, nurturing an active and involved community within the decentralized finance ecosystem. The collaboration also contributes to the wider DeFi landscape, showcasing the potential of blockchain-based platforms in revolutionizing traditional financial systems.
About VELOCORE
VELOCORE is a key DeFi component of the zkSync era ecosystem, designed to reward users for providing liquidity. Built upon the strong foundation established by Solidly and Velodrome Finance, VELOCORE aims to foster growth and innovation within the zkSync era. As part of our grand vision, we plan to expand VELOCORE’s capabilities by launching a lending market and supporting other builders. This strategic development will enable us to build powerful money legos in the zkSync era, further enhancing the DeFi landscape.
VELOCORE is a DeFi protocol that can help projects fulfill their liquidity needs in an appealing way. VELOCORE is based on Velodrome, which is built on top of the Solidly codebase to enable fair compensation for liquidity providers, taking into account impermanent loss. The original Solidly system faced several significant issues that hindered its adoption in the Fantom ecosystem.
VELOCORE lending market will unlock new opportunities for users to earn passive income and access various financial services within the zkSync era ecosystem. By interconnecting innovative solutions, VELOCORE will serve as a powerful catalyst for growth, empowering users to harness the full potential of the zkSync era’s DeFi capabilities.
VELOCORE has made several improvements to the Solidly codebase, all of which were thoughtfully chosen to ensure that the protocol would carry out the originally intended mechanism of allowing voters to fairly compensate LPs for impermanent loss.
VELOCORE has undergone significant enhancements:
- Tying Rewards with Emissions
This improvement ensure a healthy equilibrium between voters and external bribers. Bribers are incentivized to get their bribes early in that week, as to attract early voters. They also benefit from bribing later, as to have more information on competing bribes. Voters face a similar dilemma, as voting too early means forgoing potentially lucrative bribes that come later, and voting too late means voting with a lower ($veVC) balance. Note that this latter affect is especially pronounced for voters who have locked for shorter time periods (e.g. voters who have locked for weeks rather than months/years will experience larger differences in the bribes they receive from voting later vs. earlier in the epoch).
- Prolonged Emission Decay
Obviously, early adopters should be rewarded for the risks they’re taking, but the team observed that the emissions decayed too quickly in the Solidly model. As a result, VELOCORE made a few small tweaks to ensure that while early adopters would still be rewarded, the protocol would still be an attractive opportunity for future protocols.
- White-Glove Support
VELOCORE protocol has white-glove support for the partners and other stakeholders. To ensure that the team has sufficient resources to pay contributors and expand on the product offering, 4% of perpetual emissions will be directed toward the team.
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The partnership between GGG and VELOCORE represents a strategic alliance that aims to enhance the trading and farming opportunities for $GGG tokens on the zkSync network. By working together, GGG and VELOCORE are committed to creating a user-friendly interface that enables seamless access and engagement within the GGG community. This collaboration not only strengthens the decentralized finance ecosystem but also empowers GGG token holders by providing them with enhanced liquidity, accessibility, and utility. Together, GGG and VELOCORE are driving innovation in the DeFi space, laying the foundation for a more inclusive and decentralized financial future.
For further information about VELOCORE, please visit: https://velocore.xyz/
About Good Games Guild
Good Games Guild is a Gaming Hub that aims to create the largest virtual world economy by sponsoring millions of play-to-earn gamers, investing in play-to-earn games along with their in-game assets, and building tools that will enhance the future of gaming and meta-verse.
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