Velodrome community proposed Stargate to transfer $1.5 million POL to Velodrome

It is reported that Velodrome, the AMM agreement on Optimism, launched the proposal of Make Velodrome the STG Hubon Optimism on Commonwealth to increase the liquidity of Stargate on Optimism. The proposal proposes that Stargate, based on the cross-chain liquidity agreement of LayerZero, transfer $1.5 million of POL (the liquidity owned by the agreement) from UniswapLP pool to Velodrome and bribe STG-USDC pool. Velodrome will match 40% of Stargate’s bribes (bribes) according to the Tourde OP incentive plan, which can have more than four times the impact on STG-USDC’s liquidity incentive Chans.

Interpretation of this information:

The message reports that Velodrome, a decentralized exchange, proposed to become the hub for Stargate (STG) on Optimism, a Layer 2 solution for Ethereum. The proposal suggests that Stargate should transfer $1.5 million worth of POL, a token used for liquidity provision, from UniswapLP pool to Velodrome’s STG-USDC pool to increase liquidity on the platform. Velodrome will then match 40% of Stargate’s liquidity incentives, which will have a significant impact on STG-USDC’s liquidity incentives channels.

This proposal aims to increase the liquidity and trading volume of the Stargate token on Optimism, making it easier for users to buy and sell STG. It also highlights the importance of cross-chain liquidity agreements in the decentralized finance (DeFi) space. By bridging different liquidity pools, Velodrome can provide more opportunities for users to access tokens and trade across different platforms. The proposal also demonstrates the potential for decentralized exchanges to play a more prominent role in the DeFi ecosystem by becoming the main hub for specific tokens.

The three keywords that summarize this content are:

1. Liquidity: The proposal aims to increase the liquidity of Stargate on Optimism by transferring $1.5 million worth of POL from UniswapLP pool to Velodrome’s STG-USDC pool. This will make it easier for users to buy and sell STG.

2. Cross-chain: The proposal highlights the importance of cross-chain liquidity agreements in the DeFi space. By bridging different liquidity pools, Velodrome can provide more opportunities for users to access tokens and trade across different platforms.

3. Decentralized exchange: The proposal demonstrates the potential for decentralized exchanges to play a more prominent role in the DeFi ecosystem by becoming the main hub for specific tokens. Velodrome aims to become the hub for Stargate on Optimism, providing liquidity incentives and bringing more users to the platform.