💠PROTOCOL OVERVIEW

For various reasons, DeFi protocols requires a specific level of liquidity.

Liquidity	Example	Benefit
Native token	ETH-USDC	Treasury access to capital markets
Stablecoins	USDT-USDC	Ensure stability by minimizing depeg risk
Pegged asset	ETH-stETH	Minimize opportunity cost of converting assets

The typical ways to provide liquidity are as follows:

• Yield Farms or Pool 2 emissions incentivize users to provide liquidity by rewarding them with tokens.

• Protocol owned liquidity provides stability to token holders and enables projects to accumulate tokens of other projects.

• Tokens that carry voting rights may receive alternative token bribes to influence their voting decisions.

INTRODUCING VELOCORE

Velocore is a DeFi protocol that can help projects fulfill their liquidity needs in an appealing way.

Velocore is based on Velodrome, which is built on top of the Solidly codebase to enable fair compensation for liquidity providers, taking into account impermanent loss. The original Solidly system faced several significant issues that hindered its adoption in the Fantom ecosystem.

Velocore has made several improvements to the Solidly codebase, all of which were thoughtfully chosen to ensure that the protocol would carry out the original intended mechanism of allowing voters to fairly compensate LPs for impermanent loss.

Solidly had several key improvements that prevented its success in the Fantom ecosystem:

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