Velodrome launches SuperSwaps: Unlock native cross-chain swaps on Optimism Superchain, say goodbye to traditional bridges.

The Optimism ecosystem's decentralized exchange (DEX) Velodrome has officially launched SuperSwaps - a native token exchange infrastructure aimed at revolutionizing the cross-chain trading experience within the Superchain ecosystem.

Core Breakthrough of SuperSwaps: True Native Cross-Chain Swap

• Say goodbye to complicated processes: Users can now seamlessly exchange native tokens across different Superchain networks (such as OP Mainnet, Base, Celo, etc.) directly within the Velodrome interface.
• No need for traditional bridging: Eliminates reliance on traditional cross-chain bridge solutions, making transactions more direct and reducing security risks.
• Skip token wrapping: directly use native assets (such as ETH, OP, CELO, etc.), without converting to wrapped versions (such as wETH), avoiding additional friction and potential risks.
• Integrate liquidity: No need to rely on external liquidity pools, complete exchanges using Velodrome's deep liquidity across various networks on the Superchain.

How to Achieve It? The Seamless Experience Enabled by Hyperlane

Unlike traditional cross-chain solutions (which often involve complex bridging processes and fragmented liquidity), the innovation of SuperSwaps lies in:

1. Hyperlane Protocol Drive: Build cross-chain communication infrastructure based on the interoperability protocol Hyperlane.
2. DEX network integration: Velodrome has deployed its DEX instances on multiple Layer 2 chains built using the OP Stack.
3. Superchain Interconnection: These L2 chains collectively form the Optimism Superchain network, currently including: OP Mainnet, Base, Sonic (Soneium), Lisk, Swellchain, Ink, Celo, Unichain, Mode, etc. (will continue to expand in the future).

The core function of SuperSwaps is to deeply connect the DEX liquidity of Velodrome on these chains, enabling direct peer-to-peer exchange of native assets.

Velodrome: The Liquidity Core Hub of Superchain

• Strong liquidity foundation: Velodrome currently has a total value locked (TVL) of up to $920 million, making it a critical central liquidity hub in the Optimism Superchain ecosystem.
• Innovative incentive model: Its success is largely attributed to the unique ve(3,3) Token economic model, which effectively incentivizes users to provide liquidity and participate in governance.
• Sister project Aerodrome: The fork project Aerodrome of Velodrome is the largest DEX by trading volume on the Base chain. The strategies of both are similar:
• Velodrome focuses on the Optimism mainnet and the Superchain ecosystem.
  • Aerodrome focuses on serving the Base chain.

ve(3,3) Model: The key to governance and profit sharing

Velodrome and Aerodrome both originate from the Solidly exchange designed by Andre Cronje and utilize its core ve(3,3) model:

• Staking and Governance Rights: Users stake native tokens VELO (Velodrome) or AERO (Aerodrome) to receive governance tokens veVELO or veAERO.
• Protocol fee dividends: ve Token holders have the right to receive a corresponding proportion of the protocol trading fee dividends based on the weight of their voting rights.
• Incentive Alignment: This model deeply binds the interests of long-term token holders, liquidity providers, and protocol development, which is the core driving force for sustainable growth of the platform.

The Significance of SuperSwaps: A Blessing for Cryptocurrency Users

• Significantly simplify cross-chain operations: Provides users who frequently transfer assets between the Superchain network (such as Optimism, Base, Celo) with an unprecedented convenient cross-chain exchange solution.
• Enhance security and efficiency: Reduce reliance on third-party bridges, lower security risks, and speed up transaction confirmations.
• Optimized liquidity utilization: Aggregating the vast liquidity within the Velodrome ecosystem to provide users with better trading prices.
• Promoting the adoption of Superchain: Seamless interoperability is a key step in realizing the vision of "Superchain," attracting more developers and users to join the Optimism ecosystem.

Conclusion: Velodrome's SuperSwaps represent a significant leap in the interoperability development of the Optimism Superchain. Through innovative technology integration (Hyperlane) and a robust economic model (ve(3,3)), it offers cryptocurrency users a safer, more convenient, and efficient way to exchange native assets across chains, aiming to transform the value transfer experience between Layer 2 blockchains. For users seeking the best cross-chain trading solutions and deep liquidity mining opportunities, Velodrome and its SuperSwaps functionality will undoubtedly become indispensable tools.