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Home Platforms Velocore
Velocore reviews

Decentralised exchange.

Open source code can be publicly reviewed.

Reviewed by Yunis
2 August 2023 (Updated 21 July 2024)

Velocore Crypto Platform

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Velocore is a DEX based on Velodrome and built on the Solidity codebase to provide fair compensation for liquidity providers. Solidly, the codebase of which was completely open sourced by Andre Cronje and his colleagues in March 2022, served as the inspiration for Velodrome Finance. Apart from the team and the members information, all the features of Velocore are shown on its website.In this way, it offers easy access to wallets and also shows how to access etc. Also, users can easily find the audit reports, contracts, web app, and all the related information on its website.

It promises to offer consumers a variety of chances for revenue growth as well as transactions that are safe, quick, and affordable. The objective of Velocore is to combine different DeFi services onto a single platform, making them simple to use and accessible, and enhancing the DeFi ecosystem of the zkSync Era. The ERC-20 utility token $VC and the ERC-721 governance token $veVC, both of which were introduced by Velocore, are now trading. Owners of $VC can vote-escrow their tokens in return for a $veVC (also known as a veNFT), and as the length of the vote-escrowed period lengthens, the quantity of $veVC tokens gained will also lengthen.

Swap, Liquidity, and Launchpad are some of the features of Velocore. The main purpose of Velocore is to make trading affordable and slippage-free for users. As of right now, Velocore offers trading in a variety of cryptocurrency pairs, including ETH, BUSD, USDC, VC, IBEX, and others. Based on the requirements for token pair liquidity, Velocore offers stable pools and changeable pools. Also, users of Velocore's Liquidity/Yield Farming service have a variety of alternatives to increase their income. Users can participate in the several liquidity pools offered by Velocore and earn token incentives by supplying liquidity. Contrary to other DeFi platforms, Velocore uses an improved emission model, which we will go into more depth about later, to guarantee fair token distribution. Additionally, the Launchpad at Velocore serves as a platform for startup incubation. It aspires to make it simple for new businesses to receive money and support from the community and to give investors access to and involvement in such ventures. In addition to all these features, Velocore performs governance, bridge, and staking tasks. Velocore will also enable other builders and develop a loan market to further its capabilities. Additionally, Velocore features an airdrop program that is rather comprehensive and requires users to only execute a minimal number of platform transactions in order to be eligible for prizes, which encourages more users to engage with the ecosystem.

The goal of Velocore is to set the bar for effective DEXs and become the leading DEX for significant new chains. The voting and reward mechanism is made explicit and predictable by Velocore. However, it is carefully planned such that it doesn't occur too frequently each epoch or per NFT, wasting time and gas. Users and reviewers think that the most effective DEX at the moment is considered to be Velocore.

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Velocore Fees & Limits

[[platform_savings]] [[platform_fees]]

How Much Can You Earn on Velocore?

Velocore Staking Yields

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Velocore Supported Currencies

Velocore supports over 3 currencies including SuperLauncher.

Velocore Key Data

Company
Decentralised tick Yes
Open source tick Yes
Products
Savings accounts tick Yes
Loans cross No
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Peer to peer exchange cross No
Margin trading cross No
Crypto withdrawals to private wallet tick Yes
Futures exchange cross No
DEX aggregator tick Yes
Chain agnostic cross No
Security
Know your customer tick Yes
Credit check cross No
Support
Chat support tick Yes
Investment Strategy
Liquidity pools tick Yes
DeFi products tick Yes
Unsecured loans cross No

Useful Links

Velocore Contact Details

https://app.velocore.xyz/swap

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