Velodrome Finance Slipstream is a decentralized exchange (DEX) protocol launched by Velodrome Finance, which aims to provide users with an efficient and low-cost crypto asset trading experience. The protocol uses an innovative Discretized Liquidity AMM model to support multi-chain operations, especially on the zkSync Era network. Velodrome Finance Slipstream aims to be the core financial infrastructure in the decentralized finance (DeFi) ecosystem.
Platform OverviewDate
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BackgroundVelodrome Finance Slipstream was launched in 2022 by Velodrome Finance as part of its multi-chain decentralized finance protocol and is committed to providing one-stop liquidity services.
Core Feature
: Decentralized Exchange (DEX): Users can trade a wide range of crypto assets on Velodrome Finance Slipstream with low trading fees and high liquidity.
Discrete Liquidity Automated Market Maker (DL-AMM): Adopt an innovative DL-AMM model to improve capital efficiency and reduce impermanent loss.
Unilateral liquidity provision: Users can provide liquidity for only one asset, reducing risk and simplifying operations.
Yield Farming: By participating in liquidity pools, users can earn rewards in their native tokens.
iPoints Incentive Mechanism: Users can earn iPoints by trading and providing liquidity, which can be used to participate in the platform's airdrops and other rewards.
Technical featuresMulti-chain
support: Velodrome Finance Slipstream supports multiple blockchain networks, including zkSync Era, Arbitrum, Optimism, etc., where users can exchange assets between different chains.
Discrete Liquidity Model: Unlike traditional AMM models, Velodrome Finance Slipstream's DL-AMM model allows users to provide liquidity over a more granular price range, improving capital efficiency and reducing impermanent loss.
Unilateral liquidity provision: Users do not need to provide two assets of the trading pair, but can only provide liquidity of one of the assets, reducing operational complexity and risk.
Limit Order Functionality: Velodrome Finance Slipstream introduces a decentralized limit order feature that allows users to set a target price and automatically execute trades when the market price reaches a predetermined value.
Market
PositioningVelodrome Finance Slipstream is aimed at crypto users looking for an efficient and low-cost trading solution, especially those who are interested in multi-chain asset management, yield farming, and airdrop rewards. By offering a diverse range of trading pairs, liquidity pools, and incentives, Velodrome Finance Slipstream aspires to become the core financial infrastructure in the decentralized finance (DeFi) ecosystem.
Token Economy
iZi Token: As the native token of the Velodrome Finance Slipstream platform, iZi is used to pay transaction fees, participate in governance, and stake rewards.
iPoints: Users can earn iPoints by trading and providing liquidity, which can be used to participate in the platform's airdrops and other rewards.
Neutral
EvaluationVelodrome Finance Slipstream, as a decentralized exchange of Velodrome Finance, provides features such as multi-chain support, innovative discrete liquidity model, and unilateral liquidity provision, improving users' trading experience and capital efficiency. Its iPoints incentive mechanism also encourages users to actively participate in the platform's activities. However, as a relatively new platform, Velodrome Finance Slipstream still faces challenges such as expanding its user base, increasing liquidity, and ensuring security.
SummaryVelodrome Finance Slipstream is an innovative multi-chain decentralized exchange that employs a discrete liquidity automated market maker model that offers features such as unilateral liquidity provision, yield farming, and limit orders. Its iPoints incentive mechanism and multi-chain support make it somewhat competitive in the decentralized finance space. As the ecosystem grows and the user base expands, Velodrome Finance Slipstream is poised to occupy a significant position in the decentralized finance space.
