Last updated
Last updated
Solidly and Andre Cronje created a new type of Automated Market Maker (AMM) for the blockchain community. This AMM gives out voting power as veNFTs and rewards voters with bonuses to direct liquidity. The ve(3.3) system rewards those who lock their tokens, keeping governance power strong.
Velodrome has enhanced Solidly's original concept to create a next-generation Automated Market Maker (AMM) focused on managing ecosystem liquidity. Key improvements include:
Enhanced Mechanics: Better aligned protocols to incentivize voters and liquidity providers.
Refined Emissions Program: Adjusted emissions for sustainability as per the original plan.
Fair Distribution: Prioritized mechanisms for a more inclusive and fair launch.
Improved Voting: Incentivized protocols to maintain voting power, fostering a dynamic voting ecosystem.
Bribe Fix: Addressed vulnerabilities in the bribe system to prevent manipulation.
Controlled Whitelists: Implemented safeguards against whitelist abuse to enhance security.
Improved User Experience: Resolved bugs for a smoother user experience.
Human Element Integration: A dedicated team or DAO supports ongoing protocol development and community enhancement.
Equilibre Finance has introduced several enhancements to create a more secure and comprehensive application environment:
Equilibre Finance, as a Velodrome fork, inherits enhancements from Velodrome and introduces its own improvements:
Aligned Rewards and Emissions: Voters can make one "active" decision per epoch. Trading fees, internal incentives, are distributed to voters who cast favorable votes. External incentives (bribes) can be claimed once the next epoch starts to ensure fairness.
Effective Gauges: An on-chain governor manages token whitelisting in gauges. The fee-based pair whitelisting option has been removed. An emergency "Commissioner" is introduced to remove unproductive gauges.
Extended Emissions Decay: Negative voting has been removed. The LP emissions boost for voters has been eliminated and reallocated to all LPs. Emissions growth function adjustments ensure rewards for early adopters while remaining attractive to future users and protocols.
The internal bribes contract has been updated to prevent double claiming of trading fees in the same epoch and resolve token decimal discrepancies during reward claims.
Documentation has been simplified to make it easier to understand, and both API and UX have been improved.
Issues related to volatility and stability when creating Liquidity Pools have been fixed. The connection between veNFT and liquidity has been removed, and processes for releasing veNFTs have been streamlined. Additional enhancements include routing improvements and support for tax tokens.
The platform's user interface has been streamlined for easier interaction.
We've developed a new-generation user interface to enhance the DeFi experience, continuously evolving to meet user needs. It features a project-specific footer and consistent visual design for clarity, improved loading times, and integrated Options Token functionality. Actions such as swapping, managing liquidity, and claiming are now smoother.
A Cross-Chain Widget simplifies onboarding, and input numbers are displayed accurately up to 8 decimals. The interface is customizable with a visible routing chart. Automated slippage and warning messages are included, along with mobile UI/UX enhancements for optimal performance.
This interface marks a significant step forward in providing a seamless DeFi experience, aiming to simplify and speed up transactions for all users.
We revamped our API to achieve several key improvements:
Bribes and trading fees are now separated in the Rewards tab.
Automated detection of tokens with taxes in the Swap tab enables automatic slippage adjustments.
Removed gauges are hidden in the Vote tab, which clarifies pools showing 0% APR in the Liquidity tab if they have no votes.
Enhanced internal architecture reduces loading times and strengthens the overall structure.
Token price feeds have been stabilized for improved reliability.
To set ourselves apart, we've removed the rebase system and shortened lock-up periods to one year, aligning with user preferences. As we grow, we'll keep adding our unique approach while staying true to our origins.
