I shared this mental model for thinking about the Velodrome flywheel with some early veVELO holders and a lot of them found it useful so I’ve collected the discord messages here in the hopes that a broader audience might find it helpful too. VELO is tokenized liquidity, or put another way - its a marketplace for buying and selling liquidity. In this marketplace veVELO voters act as the buyers and liquidity providers (LPs) act as the sellers. This essentially makes the price of VELO the fair m...