Velodrome
Velodrome
We are reannouncing the merge - properly this time. We apologize for how this was first communicated, and for what it asks of you. But we would rather merge than sunset - and below is everything you need to do, and everything you are owed.
We know an apology is due for this decision itself. Merging was never going to feel good to everyone. But the alternative was a slow sunset - liquidity drained, rewards dried up, and the community holding the empty bag. Merging keeps this ecosystem alive, deepens its liquidity, and gives stakers a stronger home than either protocol could offer alone.
All Velodrome users should verify their positions if they currently still hold positions on Velodrome - before the completion of the merge. Unverified positions may not carry over cleanly.
The VELO token will be burnt very soon. In preparation, we have withdrawn the remaining locked tokens and decided to distribute them to the community - as an incentive for the very poor price of VELO and the poor rewards our stakers received over the last two years. The allocation covers about 20 percent of your total volume spent on Velodrome.
Both actions - position verification and your burn distribution - are claimable by the community right now, ahead of the merge's completion.