Farmers Markets #3: Vote your veAERO and veVELO

BbyA...nMtW
19 May 2024
292

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 103

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 102 rewards


How I voted
Pool address
https://optimistic.etherscan.io/address/0x69A9B0f791507C50B413d24aBB761acB5ac52728



How it ended up




Unfortunately the Optimism chain was having moment and couldn't properly estimate prices. We ended up pretty much exactly at the same amount of money we'd estimated for.
We'll be hanging onto $RING. Price chart has been looking pretty good.

https://dexscreener.com/optimism/0x69a9b0f791507c50b413d24abb761acb5ac52728



Who I'm voting my veVELO for this epoch


Here's who I'm voting forPool address
https://optimistic.etherscan.io/address/0x8134A2fDC127549480865fB8E5A9E8A8a95a54c5

Here's how I'm voting


Assessing the rewards

Not much to assess. We've just gone with the LP with the highest fees, which has two very mainstream tokens: Circle's bridged $USDC and $VELO. It's already got a lot of votes and whilst I would expect those to increase I wouldn't expect them to increase massively.



Those high vAPRs....

Not much of a story this time, more a PSA on doing your basic due diligence.
https://optimistic.etherscan.io/address/0x6C23fA7EC9eEa627261C4a0978664eA592ca0E19

This isn't anything dodgy about $USDC.e or $USDT it's just there are 257 votes in total on this LP currently. That's really nothing.
We have a very modest veVELO lock and we have nearly 4.5K votes alone.
Luckily Velodrome (and Aerodrome) show you clearly how the vAPR is arrived out right there on the web portal.




Voting veAERO - Epoch 38

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


My voting rewards



How it ended up




So we were pretty close. ~$6 became ~$5.
I'll keep $TN100x as I can track it on Coingecko. As well as $L2VE, which I somehow ended up with some of...




Who I'm voting my veAERO for this epoch


This epoch I'm voting forPool address
https://basescan.org/address/0x37E769D2dcF3e3E8dFC37c0Df83EEB56edfC0fD2#tokentxns

This is the way I'm voting


Assessing the rewards

$AERO of course doesn't need any explanation. The other two tokens I've actually voted for before. For a full explanation see my Farmers Markets #1 post https://www.bulbapp.io/p/8e3fb092-03b7-4f67-9009-105e00849275/farmers-markets-1-vote-your-veaero-and-vevelo?s_id=94266de4-e011-4db6-8307-383eb4bea3bf

We'll briefly catch up with how they've faired since we voted for them a couple of weeks ago.

$VIRTUAL


https://birdeye.so/token/0x0b3e328455c4059EEb9e3f84b5543F74E24e7E1b?chain=base



$WAI


https://dexscreener.com/base/0x37e769d2dcf3e3e8dfc37c0df83eeb56edfc0fd2



Those high vAPRs....

This epoch's special mention goes to $ROOST.
Both of them.
https://basescan.org/address/0xaa500dbeda452cc2807185da993b6e3779333aca

It's really easy to look at this chart and say: "memecoin in the process of rugging, same old same old."

https://birdeye.so/token/0xE1aBD004250AC8D1F199421d647e01d094FAa180?chain=base

But what you're actually looking at above is the old token. The project has very recently done a token migration (https://medium.com/@roostcoin/everything-you-need-to-know-about-the-roost-relaunch-22549049f7c9) and are in the process of rotating the old tokens out of the market.


https://birdeye.so/token/0xeD899bfDB28c8ad65307Fa40f4acAB113AE2E14c?chain=base

Suffice to say it's not gone swimmingly. But these things never do when they're handled by inexperienced people rushing to launch memecoins (which what this lot definitely seem like reading through their X account).






Over to you

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

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