OneRing Integration with Velodrome
OneRing Integration with Velodrome, OneRing bridged their native $RING token to the Ethereum layer 2 scaling solution.
With $RING successfully deployed on Optimism, the community can now earn tremendous yield on their $RING holdings by supplying $RING/$ETH liquidity on Velodrome Finance (with APR currently over 200%!). As OneRing announced its Integration with Velodrome.
$RING is off to the races
OneRing began accumulating and locking $VELO in late November in order to enhance the platform’s voting potential in Velodrome gauge votes which directs $VELO emissions to $RING/$ETH liquidity providers.
At the time of writing, OneRing has secured 1.34m veVELO giving the platform tremendous voting power and currently providing over 200% APR in emissions for our LP. Here is how you can begin earning some of that sweet, sweet yield:
- Purchase $RING on Velodrome: https://app.velodrome.finance/swap
- If you already hold Fantom-based $RING, you can bridge it using Multichain: https://app.multichain.org/#/router
Now that you have $RING on Optimism, you can provide liquidity and begin farming!
- Provide $RING/$ETH liquidity on Velodrome: https://app.velodrome.finance/liquidity/manage?address=0xbc002657b3642be7fb607d31aaba8479ea8662d6
Buy and lock $VELO and vote for the vAMM-WETH/RING pool:
- Buy $VELO on Velodrome and lock it here: https://app.velodrome.finance/vest
- Vest $VELO to receive veVELO, lock more tokens for a longer period of time for higher voting power: https://app.velodrome.finance/vest
- Vote for ‘vAMM-WETH/RING’ to earn your share of the bribes: https://app.velodrome.finance/vote
About Velodrome Finance
Velodrome is a decentralized exchange (DEX) that combines the best of Curve, Convex, and Uni v2 into a cohesive automated market maker (AMM) designed to serve as Optimism’s premiere ecosystem-native liquidity layer and growth engine. The protocol’s ve(3,3) design blends vote-escrow, voter rewards (bribes), locked rebases, and constant emissions into a single dApp to create a robust flywheel previously only possible through several protocol layers.
About OneRing
OneRing is the first multi-chain cross-stable coin yield optimizer in the space. The goal of OneRing is to take away the complexity of DeFi and make things easy for the user. By this, we will be able to open the DeFi space for a whole new layer of users that want to receive yield on their stables instead of just having them sit in their wallets. With a strong network of partners, KOLs, advisors, and such, OneRing aims to go right to the top and set new benchmarks for DeFi.
