# Double the Rewards

By [PoolTogether](https://paragraph.com/@pooltogether-2) · 2024-01-23

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$OP Rewards, LP Incentives & Voter Bribes
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_TL;DR: $OP rewards and $POOL prizes on PoolTogether, LP rewards and $OP bribes on Velodrome._

The year kicks off with a race where everyone comes out a winner. Presenting: The 2024 Aquabike Race! An Aquabike Race is a triathlon minus the running _(we know you’re lazy and running by the pool is dangerous)_. The disciplines in this loserless competition are as follows:

1.  **Swimming in Rewards**
    
2.  **Cycling for Incentives & Bribes**
    

$OP Rewards for pWETH Holders 🏊
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PoolTogether is for saving money and winning prizes. The protocol makes it compelling to be onchain by adding the excitement of potentially receiving outsized returns in the form of life-changing prizes. Now, you can even earn while waiting to win:

**All $pWETH holders are currently getting 11.11% APR in $OP!**

**How does it work?** The [wETH Prize Vault](https://app.cabana.fi/vault/10/0xf0b19f02c63d51b69563a2b675e0160e1c34397c) enables anyone to save $WETH, win $POOL prizes, **and** earn guaranteed $OP rewards. Bonus Rewards accrue in real-time based on your time-weighted average balance. The $OP is distributed in weekly epochs and unlocks every Saturday.

The next batch of bonus rewards has been deployed and will last until the end of March.

*   Get $pWETH & [start accruing $OP](https://app.cabana.fi/vault/10/0xf0b19f02c63d51b69563a2b675e0160e1c34397c)
    
*   Learn [how to deposit](https://docs.cabana.fi/cabana-app/guides/depositing-into-a-prize-vault)
    
*   Learn more about [Bonus Rewards](https://docs.cabana.fi/cabana-app/bonus-rewards)
    

LP Rewards and Vote Bribes 🚴
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Swap your swimsuits for a bike and join us in the Velodrome.

**What’s Velodrome?**

Velodrome launched in June 2022 as a next-gen AMM built on Optimism. Using Velodrome, users can swap seamlessly between tokens and provide liquidity, benefiting from Optimism’s low transaction costs. For more information on Velodrome, check out [their docs](https://velodrome.finance/docs).

**How’s that good for PoolTogether?**

PoolTogether users can use Velodrome to easily swap in and out of $POOL. Additionally, anyone can earn fees from providing liquidity or receive bribes from voting on the $POOL pair.

Over the coming weeks, the POOL/WETH liquidity pair is receiving **500 $OP in bribes per epoch**, which means that both liquidity providers and voters are in double to triple digit yields. Have a look:

*   Voting Rewards: 68% APR ([here](https://velodrome.finance/vote?query=POOL))
    
*   LP Rewards: 128% APR ([here](https://velodrome.finance/deposit?token0=0x395ae52bb17aef68c2888d941736a71dc6d4e125&token1=0x4200000000000000000000000000000000000006&stable=false))
    

This liquidity push is led by the [DeFi Collective](https://twitter.com/DeFiCollective_). Shoutout for the support in deepening $POOL liquidity on Optimism. 🐜🫡

**Disclaimer**: POOL/WETH is a volatile token pair. Please be aware of the risks when providing liquidity.

See you by the Pool 🏁
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We’re keeping it short so you have more time for rewards! To learn more and get involved, say hi on the PoolTogether [Discord](https://pooltogether.com/discord) server or in the PoolTogether channel on [Warpcast](https://warpcast.com/~/channel/pool-together), and follow PoolTogether on [Twitter](https://twitter.com/pooltogether_), [Lens](https://share.lens.xyz/u/pooltogether.lens), or [Mirror](https://pooltogether.mirror.xyz/).

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_The PoolTogether protocol is non-custodial and autonomous. Be sure to understand the risks of using decentralized finance software before using the protocol._

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*Originally published on [PoolTogether](https://paragraph.com/@pooltogether-2/double-the-rewards)*