Velodrome Finance

Name: Velodrome Finance
Brand: Cryptocurrency
SKU: VELO
Price: 0.064887206256765461088 GBP
Availability: InStock

VELO

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

•

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

•

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

•

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

•

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Velodrome Finance

Velodrome Finance is an automated market maker on Optimism. VELO is the utility token of Velodrome Finance earned by liquidity providers. VELO tokens can be locked in order to participate in governance. Voters are also rewarded with protocol trading fees.

Resources

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

£52.3M

Volume (24h)

£2.9M

Circulating supply

808.7M VELO

Typical hold time

19 days

Popularity

#442

All time high

£0.29

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-0.44%

Price change (1d)

+10.31%

Price change (1w)

+14.12%

Price change (2w)

+21.11%

Price change (1m)

+28.95%

Price change (1y)

+68.68%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Velodrome Finance on social media

1,384 unique individuals are talking about Velodrome Finance and it is ranked #1,641 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Velodrome Finance has an average sentiment score of 3 out of 5. Finally, Velodrome Finance is becoming more newsworthy, with 0 news articles published about Velodrome Finance. This is a 0% increase in news volume compared to yesterday.

On Reddit, Velodrome Finance was mentioned in 0 Reddit posts and there were 0 comments about Velodrome Finance. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

1,384 people

Dominance

0.08%

Volume rank

#1,641

Average Sentiment

3 out of 5

Velodrome Finance Calculator

How much is 1 VELO?

Conversion Table

VELO/USD (United States Dollar)

$0.0862

VELO/CAD (Canadian Dollar)

CA$0.12

VELO/GBP (British Pound)

£0.0649

VELO/JPY (Japanese Yen)

¥12.29

VELO/INR (Indian Rupee)

₹7.21

VELO/BRL (Real)

R$0.47

VELO/EUR (Euro)

€0.0772

VELO/NGN (Nigerian Naira)

NGN 141.33

VELO/KRW (South Korean Won)

₩114.35

VELO/SGD (Singapore Dollar)

S$0.11

Velodrome Finance is on the rise this week.

The price of Velodrome Finance has decreased by 0.44% in the last hour and increased by 10.31% in the past 24 hours. Velodrome Finance’s price has also risen by 14.12% in the past week. The current price is £0.0649 per VELO with a 24-hour trading volume of £2.90M. Currently, Velodrome Finance is valued at 77.85% below its all time high of £0.29. This all-time high was the highest price paid for Velodrome Finance since its launch.

The current circulating supply of Velodrome Finance is 808,668,397.905 VELO which means that Velodrome Finance has as total market cap of 808,668,397.905.

FAQ

What is the current price of Velodrome Finance?

We update our Velodrome Finance to GBP currency in real-time. Get the live price of Velodrome Finance on Coinbase.

What is the market cap of Velodrome Finance?

The current market cap of Velodrome Finance is £52.28M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Velodrome Finance?

The all-time high of Velodrome Finance is £0.29. This all-time high is highest price paid for Velodrome Finance since it was launched.

What is the 24 hour trading volume of Velodrome Finance?

Over the last 24 hours, the trading volume of Velodrome Finance is £2.90M.

What other assets are similar to Velodrome Finance?

Assets that have a similar market cap to Velodrome Finance include Moola Celo, YoloCash, Asva, and many others. To see a full list, see our comparable market cap assets.

How many Velodrome Finance are there?

The current circulating supply of Velodrome Finance is 809 million.

What is the typical holding time of Velodrome Finance?

The median time that Coinbase customers hold Velodrome Finance before selling it or sending it to another account or address is 19 days.

What is the relative popularity of Velodrome Finance?

Velodrome Finance ranks 158 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Can I buy Velodrome Finance on Coinbase?

Yes, Velodrome Finance is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Velodrome Finance guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.