Velodrome, a next-generation Automated Market Maker (AMM) decentralized exchange (DEX), has integrated with Swellchain, enhancing its ecosystem by providing deep liquidity and low-slippage swaps.

Key Highlights of the Integration:

• Liquidity Provision and Rewards: Liquidity providers (LPs) on Velodrome within the Swellchain network can earn both $VELO and $SWELL tokens as rewards. To incentivize participation, 20 million $SWELL tokens have been allocated for distribution across various Swellchain decentralized applications (dApps) over a two-week period.

• Supported Liquidity Pools: Several liquidity pools are available for LPs. These pools facilitate diverse trading pairs, enhancing the platform's liquidity and user engagement.

• Market Impact: The integration is anticipated to positively influence the prices of both $SWELL and $VELO tokens. By establishing Velodrome as the liquidity hub with deep liquidity and low slippage for swaps, Swellchain becomes more attractive to investors. The dual reward system for liquidity providers is expected to boost user participation, fostering a robust ecosystem and potentially driving price growth for both tokens.

This collaboration between Velodrome and Swellchain signifies a strategic move to enhance liquidity, incentivize user participation, and strengthen the overall DeFi ecosystem within the Swellchain network.