“Unlocking Liquidity: Augusta Finance and Velodrome Revolutionize DeFi Integration”

Crypto Raketeros
1 min readAug 23, 2023

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1. Velodrome Finance and veVELO NFT Rewards:
- Velodrome Finance is a decentralized exchange and liquidity hub on Optimism that incentivizes liquidity provision through veVELO NFT rewards.
- veVELO holders can earn fees, receive rebase rewards, and participate in governance by locking up their veVELO for two years.

2. Augusta Finance: Solving Liquidity Issues:
- Augusta Finance provides a liquidity solution for veVELO NFT holders in the Velodrome ecosystem.
- veVELO holders can collateralize their NFTs to take out ETH loans on Augusta, allowing them to access liquidity without selling their veVELO.

3. Win-Win Loop for Velodrome Users with Augusta:
- Augusta’s collateralized lending allows veVELO NFT holders to gain liquidity while still receiving veVELO rewards and governance rights.
- Users can collateralize their veVELO NFTs on Augusta to engage in Velodrome governance and earn rewards.
- AUGU token holders also benefit from platform governance and profit allocation from veVELO rewards.

⛳️
🌐 Website: https://www.augusta.finance/
🐦 Twitter: https://twitter.com/Augusta_finance
👾 Discord: https://discord.com/invite/augustafi
📗 Docs: https://augusta-finance.gitbook.io/augusta-finance/about/introducing-augusta

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Crypto Raketeros
Crypto Raketeros

Written by Crypto Raketeros

FA Researcher | DeFi Strategist | Airdrop & Yield Farmer | Alpha leaks | Digging for GEMS , tweets are NFA $JUNO $AR $ATOM $MPC $QUAI $ETNY $KCS $HBAR 🐰#BNB

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