Superchain deployment addresses are available here. Optimism deployment addresses, in particular, are available here.
1. THE VOTE-ESCROWED GOVERNANCE (VELODROME IMPLEMENTATION)
The VELO token's value capture implementation follows a structured flow where users interact with multiple protocol components.
- The process begins when a user locks their VELO tokens to receive veVELO through the voting escrow contract (in addition to position management and delegation functions), with the ability to redeem these tokens upon lock expiry. Users can then participate in protocol governance by voting through the Voter contract, which interfaces with both gauge and reward systems. These gauges are created by interaction with the corresponding function of the Voter, and the VotingRewardsFactory creates the reward pools for the gauge (one for fees, the other for bribes).
- These pools receive fees from gauges and additional incentives from gauge owners. Once the epoch concludes, rewards become claimable via Voter functions ; where the Minter contract notifies reward amounts and mints new VELO tokens as needed, while the RewardsDistributor handles the distribution of rebase rewards to veVELO holders. This creates a comprehensive system that handles both active participation rewards (voting/gauge rewards) and passive benefits (rebases).
- As can be observed, mints go to rebases (and LPs of pools based on the voting results), and all fees are distributed to veVELO holders based on their vote allocations. It means that for which pools veVELO position voted, from those pools fees are received.