Quick Intro to Velocimeter and Graphene

Velocimeter is a ve3,3 DEX, with a few changes. It emits options tokens that highly increase the ROI for users that decide to provide liquidity to the core $MVM token by giving them the cost of exercising the options token. In short, emission sellers pay the LPs for their liquidity.

Graphene is a licensed fork of Carbon DeFi. Both allow users to make strategy orders in the following forms: Limit orders, Range orders, Reoccurring orders, and Overlapping Liquidity (aka Concentrated Liquidity).

For more info on both feel free to check

https://docs.velocimeter.xyz/
https://docs.carbondefi.xyz/

And this article on how Graphene is rewarded
https://paragraph.xyz/@velocimeter/graphene-rewarder

Brief Description of Campaign

Velocimeter was one of the first protocols to deploy to Mantle back in July 2023. For their efforts, Velocimeter was awarded 30,000 $MNT in the Mantle Journey Season Alpha Grant process. All 30K MNT will be used to incentivize the following:

• 20,000 wMNT will be used to incentivize users that create any Graphene Strategies with volume for the wETH/USDT and wMNT/wETH pairs. These tokens will be evenly distributed from May 1st to June 26th (1250 wMNT / week / pool). During this time, these will also get oMVM votes and incentives.

To better understand this reward system see https://paragraph.xyz/@velocimeter/graphene-rewarder

• 10,000 wMNT will be used to incentivize liquidity providers in the MVM/wMNT vAMM liquidity pool for the same time period.
  

  

Keep it Flowing

50% of the Mission Marketing budget of Mantle was distributed already, but there is still another half to win. This leaderboard shows how projects are doing in collecting TXN Mile points.

https://journey.mantle.xyz/en/leaderboard

If Velocimeter is granted a share of the second half of grants, these will be used to extend this campaign and continue to incentivize the same users.