Farmers Markets #5: Vote your veAERO and veVELO

BbyA...nMtW
26 May 2024
332

If you aren't familiar with the veTOKEN model then check out my explainer post about this on Bulb https://www.bulbapp.io/p/270273dd-697b-4332-85ac-db65e50bb46d/vetokens-defi-lore-innovation-yield-from-voting?s_id=bccb5ecb-0380-433a-9e2e-f1405a0305e2

If you want to know more about the analysis here see my post on Bulb
https://www.bulbapp.io/p/d82b629d-6790-4bfe-b185-c1156997baf4/farmers-markets-0-beets-aero-velo-equal-gauges?s_id=d3ffcb86-d4db-4c5f-acc5-0546d4c1744c



Voting veVELO - Epoch 104

See Dune Dashboard for Epoch details https://dune.com/0xkhmer/velodrome
Velodrome Vote: https://velodrome.finance/vote
Optimism Block Explorer https://optimistic.etherscan.io/
Birdseye token explorer https://birdeye.so/?chain=optimism
Velodrome Epoch Dune dashboard https://dune.com/0xkhmer/velodrome


Epoch 103 rewards


How I votedPool address
https://optimistic.etherscan.io/address/0x8134A2fDC127549480865fB8E5A9E8A8a95a54c5



How it ended up




We definitely saw a large difference between our projected fees vs our eventual outcome. This time it's easy, we'll just re-lock into our veVELO position.



Who I'm voting my veVELO for this epoch


Who I voted for
Pool address
https://optimistic.etherscan.io/address/0x6ea20dbc05f58ed607c374e545bfb402d5796770

How I voted


Assessing the rewards

We've been over $TLX before and we're already holding some.

$TLX


Chart has been positive as of very recently.
https://www.coingecko.com/en/coins/tlx


And that's been reflected in our holdings. https://www.coingecko.com/en/portfolios/public/BAh7BjoRcG9ydGZvbGlvX2lkaQOMdvs=--a87db3ce145500cb6b6133a305b803e1c1b0f96f


Those low vAPRs....

For a change of pace let's look at the worse vAPRs. Now some of these LP have no or very low votes (1 & 2) but some still have significant amounts of votes (3 & 4).



So the lesson is two-fold:

  • make sure to update your votes each week
  • if you can't reliably update your votes each week, and you don't want to lock in a relayer, then vote for the LPs with the most fees as you'll more likely see an LP with high fees one epoch have high fees the next one.






Voting veAERO - Epoch 39

Aerodrome Rewards: https://aerodrome.finance/dash
Aerodrome Voting https://aerodrome.finance/vote
Base Block Explorer https://basescan.org/
Birdseye Token Explorer https://birdeye.so/?chain=base
Aerodrome Epoch Dune dashboard https://dune.com/0xkhmer/aerodrome


Epoch 38 rewards


How I voted

Pool address
https://basescan.org/address/0x37E769D2dcF3e3E8dFC37c0Df83EEB56edfC0fD2#tokentxns

My voting rewards




How it ended up



Rewards were a bit over half what we'd had predicted. So not a bad result. We'll swap the $WAI but add the $VIRTUAL to our exisiting holdings. Though those aren't looking fabulous at the moment.
https://www.coingecko.com/en/portfolios/public/BAh7BjoRcG9ydGZvbGlvX2lkaQOMdvs=--a87db3ce145500cb6b6133a305b803e1c1b0f96f





Who I'm voting my veAERO for this epoch


Who I voted for


How I'm voting



Assessing the rewards

$GHST is from an OG crypto game that is connected to the same team who run the largest lending platform in crypto today: Aave
The game https://www.aavegotchi.com/
Aave https://aave.com/

https://www.coingecko.com/en/coins/aavegotchi


Those high vAPRs....

https://basescan.org/address/0x5F94Ad60d862fD34c98b463614f3a64363F90fEE

$ROCK is a memecoin that is playing off the joke that it's a black rock and there is also a very famous fund manager called BlackRock. It's not super clever but in the realm of memecoins it's definitely well above average.

Website: https://www.blackrockonbase.com/
X: https://x.com/blackrockonbase

As goes memecoins, I've seen worse. Still, it's pretty crap.

https://birdeye.so/token/0xEcE7B98bD817ee5B1F2f536dAf34D0B6af8Bb542?chain=base




Over to you

Where are you voting your veAERO and veVELO this epoch?
Let me know in the comments!

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