Velodrome Will Airdrop to Cross-Chain DeFi Users and $OP Holders

Optimism based DEX Velodrome announces token allocation and airdrop details. The initial release of tokens $VELO is 400 million, of which 60% will be airdropped; 24% will be allocated to the protocol and DAO in the form of $veVELO; 10% will be allocated to the team; 5% will be allocated to the Optimism team in the form of $veVELO and the remaining 1% will be used as initial liquidity. Of the 60% of tokens used for the airdrop (240 million), 45% will be allocated to WeVE holders, 25% will be allocated to cross-chain DeFi users (including Curve, Convex, Platypus Finance, TreasureDAO, Redacted Cartel protocols), and 30% will be allocated to $OP holders.