# Velocore Introduction

By [OxFrancesco](https://paragraph.com/@oxfrancesco) · 2023-04-02

---

Introducing Velocore
====================

Velocore is a new DeFi protocol built on the foundation of Velodrome Finance and Solidly on the zkSync era chain. It offers a unique approach to meeting liquidity needs for various projects while fairly compensating liquidity providers and taking into account impermanent loss.

Velocore’s Mechanics
--------------------

Velocore adopts a structure known as ve(3,3) Mechanics, which incentivizes behaviors that are closely related to the success of the protocol; liquidity provision and long-term token holding. These mechanics include:

*   Vote-Escrow: first introduced by Curve to incentivize long-term token holding
    
*   Staking/Rebasing/Bonding or (3,3) game theory: designed by Olympus DAO
    

Liquidity providers receive $VC emissions, while $veVC token holders receive protocol fees, bribes, rebates, and governance power.

Tokenomics
----------

The initial supply of $VC is 60M. At launch, veNFTs and tokens allocated to partner protocols/communities will be used to support and reward contributors in the Velocore and zkSync ecosystems. The initial circulating supply includes:

*   24M for the presale (40%)
    
    *   4.35M for the private presale (7.25%)
        
    *   19.65M for the public presale (32.75%)
        
*   4.5M for ecosystem funds for partner protocols/communities (7.5%)
    

9M is locked for adding liquidity. Weekly emissions start at 1.4M $VC (2.33% of the initial supply) and decay at 1% per week (epoch). The weekly rebate amount for $veVC holders is calculated with the following formula:

(veVC.totalSupply ÷ VC.totalsupply)³ × 0.5 × Emissions

Launchpad
---------

Velocore has an Overflow Farming Launchpad that rewards early bird contributors with bonus $VC tokens for taking on greater risks. These bonus tokens are provided from partner protocols/communities and are allocated in proportion to the total raise amount for each sale.

### Private Presale Round

The private presale round is for partners, contributors, and Velcrew members who have obtained whitelist access. The private sale has a smaller allocation than the public sale but is offered at a lower price.

### Public Presale Round

The public presale round does not have a maximum quota and any remaining tokens will be burned if the soft cap is not reached.

Swap & Liquidity Pools
----------------------

Velocore has also launched its Swap and Liquidity Pool features and is offering a POAP airdrop event for early adopters. Users who achieve various milestones before the upcoming presale can receive up to 4 POAPs based on their grade:

*   Astral Newbie 🌠: Anyone who has performed “Swap” or “Add to Liquidity”
    
*   Interstellar Trendsetter 🌟: Staking $500 worth of ETH-USDC LP for 24 hours or more
    
*   Galactic Virtuoso 💫: Total swap amount of 100 USDC or more
    
*   Cosmic Legend 🌌: Top 50 for accumulated swap or Top 50 for “Add to Liquidity” amounts
    

Each milestone can be achieved once, and participants who complete all the tasks can receive all 4 POAPs.

In summary, Velocore offers a unique approach to meeting liquidity needs while fairly compensating liquidity providers through its ve(3,3) Mechanics and tokenomics.

Its Overflow Farming Launchpad rewards early bird contributors and its Swap and Liquidity Pool features provide additional opportunities for users to earn rewards.

*   **Website**: [https://velocore.xyz](https://velocore.xyz/)​
    
*   **Twitter**: [https://twitter.com/velocorexyz](https://twitter.com/velocorexyz)​
    
*   **Discord** : [https://discord.io/velocore](https://discord.io/velocore)
    

[Subscribe](null)

---

*Originally published on [OxFrancesco](https://paragraph.com/@oxfrancesco/velocore-introduction)*