Velodrome V2
Decentralized exchange — earn fees by helping other people swap tokens.
Chains
0
Live yield options
76
Best reward rate
314.62%
Live since
2023
Earn here · live yield options
Yields available on Velodrome V2
76 live options — yields range 0.19% to 314.62% per year, with a median of 15.95%.
-
01
velodrome-v2 - ALETH-WETH OP Mainnet
ALETH · WETH
Reward
12.33%
→Pool size
$2.04Million
-
02
velodrome-v2 - USDC-ALUSD OP Mainnet
USDC · ALUSD
Reward
10.71%
→Pool size
$1.55Million
-
03
velodrome-v2 - USDC-MSUSD OP Mainnet
USDC · MSUSD
Reward
21.33%
→Pool size
$1.1Million
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04
velodrome-v2 - MSETH-WETH OP Mainnet
MSETH · WETH
Reward
21.96%
→Pool size
$1.09Million
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05
velodrome-v2 - USDC-VELO OP Mainnet
USDC · VELO
Reward
50.8%
→Pool size
$577Thousand
-
06
velodrome-v2 - USDC-MSUSD OP Mainnet
USDC · MSUSD
Reward
20.15%
→Pool size
$572Thousand
All 76 yield options on Velodrome V2 Expand →
| Option | Chain | Reward | Pool size |
|---|---|---|---|
| velodrome-v2 - ALETH-WETH | OP Mainnet | 12.33% | $2.04Million |
| velodrome-v2 - USDC-ALUSD | OP Mainnet | 10.71% | $1.55Million |
| velodrome-v2 - USDC-MSUSD | OP Mainnet | 21.33% | $1.1Million |
| velodrome-v2 - MSETH-WETH | OP Mainnet | 21.96% | $1.09Million |
| velodrome-v2 - USDC-VELO | OP Mainnet | 50.8% | $577Thousand |
| velodrome-v2 - USDC-MSUSD | OP Mainnet | 20.15% | $572Thousand |
| velodrome-v2 - WETH-MET | OP Mainnet | 1.6% | $323Thousand |
| velodrome-v2 - FBOMB-VELO | OP Mainnet | 66.63% | $306Thousand |
| velodrome-v2 - HAI-MSETH | OP Mainnet | 2.11% | $292Thousand |
| velodrome-v2 - USDC-TAROT | OP Mainnet | 73.68% | $260Thousand |
| velodrome-v2 - USDC-MTA | OP Mainnet | 0.27% | $238Thousand |
| velodrome-v2 - WETH-OVER | OP Mainnet | 5.29% | $217Thousand |
| velodrome-v2 - CHI-DAI | OP Mainnet | 314.62% | $173Thousand |
| velodrome-v2 - USDC-OVER | OP Mainnet | 16.33% | $169Thousand |
| velodrome-v2 - DOLA-ALUSD | OP Mainnet | 11.31% | $158Thousand |
| velodrome-v2 - EBTC-WBTC | OP Mainnet | 0.0% | $149Thousand |
| velodrome-v2 - WETH-VELO | OP Mainnet | 45.3% | $148Thousand |
| velodrome-v2 - WETH-MOOBIFI | OP Mainnet | 2.23% | $133Thousand |
| velodrome-v2 - USDC-USX | OP Mainnet | 0.19% | $119Thousand |
| velodrome-v2 - OP-VELO | OP Mainnet | 48.53% | $114Thousand |
| velodrome-v2 - BOLD-LUSD | OP Mainnet | 7.41% | $113Thousand |
| velodrome-v2 - USDC-SUSD | OP Mainnet | 84.49% | $107Thousand |
| velodrome-v2 - WETH-OPP | OP Mainnet | 39.11% | $100Thousand |
| velodrome-v2 - PXETH-ALETH | OP Mainnet | 8.72% | $91.3Thousand |
| velodrome-v2 - USDC-VELO | OP Mainnet | 48.99% | $90.4Thousand |
| velodrome-v2 - BOLD-USDC | OP Mainnet | 9.49% | $88.5Thousand |
| velodrome-v2 - WETH-OP | OP Mainnet | 15.95% | $78.4Thousand |
| velodrome-v2 - WSTETH-WETH | OP Mainnet | 0.29% | $74.7Thousand |
| velodrome-v2 - HAI-ALETH | OP Mainnet | 44.55% | $71.5Thousand |
| velodrome-v2 - RING-WETH | OP Mainnet | 11.73% | $70.9Thousand |
| velodrome-v2 - EXA-WETH | OP Mainnet | 3.34% | $67.2Thousand |
| velodrome-v2 - WETH-ETHFI | OP Mainnet | 0.0% | $66.7Thousand |
| velodrome-v2 - WETH-FBOMB | OP Mainnet | 3.39% | $64.9Thousand |
| velodrome-v2 - ALETH-FRXETH | OP Mainnet | 0.51% | $61.7Thousand |
| velodrome-v2 - WBTC-TBTC | OP Mainnet | 0.48% | $54.5Thousand |
| velodrome-v2 - WETH-OPENX | OP Mainnet | 33.95% | $54Thousand |
| velodrome-v2 - HAI-ALUSD | OP Mainnet | 21.41% | $53.6Thousand |
| velodrome-v2 - THALES-WETH | OP Mainnet | 1.52% | $52.5Thousand |
| velodrome-v2 - RED-VELO | OP Mainnet | 42.95% | $49.3Thousand |
| velodrome-v2 - OPP-OPXVELO | OP Mainnet | 83.84% | $39.5Thousand |
| velodrome-v2 - VELO-OPXVELO | OP Mainnet | 25.03% | $35.9Thousand |
| velodrome-v2 - VELO-BLU | OP Mainnet | 35.63% | $35.5Thousand |
| velodrome-v2 - WETH-FRXETH | OP Mainnet | 0.78% | $34.8Thousand |
| velodrome-v2 - USDC-STG | OP Mainnet | 241.63% | $32Thousand |
| velodrome-v2 - OP-USDC | OP Mainnet | 14.5% | $31.7Thousand |
| velodrome-v2 - USDC-ALUSD | OP Mainnet | 0.44% | $30.4Thousand |
| velodrome-v2 - WETH-DHT | OP Mainnet | 30.58% | $29.2Thousand |
| velodrome-v2 - WETH-USDC | OP Mainnet | 9.06% | $27.5Thousand |
| velodrome-v2 - TAROT-OP | OP Mainnet | 170.73% | $27.2Thousand |
| velodrome-v2 - USDC-LUSD | OP Mainnet | 1.25% | $26.5Thousand |
How it works
Using Velodrome V2 in three steps
-
1
Pair two tokens
Pick two tokens (e.g. ETH + USDC), deposit both in equal value into the trading pool.
-
2
Earn a share of fees
Every time someone swaps through this pair, you earn a tiny cut of the fee. The more people trade, the more you earn.
-
3
Watch out for IL
If one token's price moves a lot relative to the other, you'd have been better off just holding — the gap is called 'impermanent loss'.
Read up
About Velodrome V2
Description provided by the protocol team. Always verify directly before depositing funds.
Tokens earning here
Top tokens earning yield through Velodrome V2
Frequently asked
What people ask about Velodrome V2
What is Velodrome V2?
+
Velodrome V2 is an on-chain app. Decentralized exchange — earn fees by helping other people swap tokens.
Is using Velodrome V2 safe?
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Velodrome V2 has 2 public audits on file. Audits help — they don't eliminate risk. Always check what tokens you're depositing and never put in more than you can afford to lose.
How much can I earn?
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Right now yields on Velodrome V2 run 0.2%–314.6% per year, depending on which pool you pick and which chain you use. Rates change with demand.
Which chains does it run on?
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Velodrome V2 runs on 0 chains, including . Each chain has its own fees and speeds — pick the one you already use.
Figures are reference values aggregated from public sources and refresh hourly. Always confirm directly before depositing funds.
See also
Terms used on this page
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Smart Contract
Code on a blockchain that runs automatically when called. DeFi protocols are smart contracts — bugs in the code can lose user funds.
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Audit
An independent security review of a smart contract. More audits and longer track record reduce — but never eliminate — code risk.
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Impermanent Loss
A loss LP providers experience when the two pool tokens diverge in price. The loss only crystallises if you withdraw at that ratio.
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Oracle
An on-chain feed of off-chain data — usually prices. Lending and CDP protocols rely on oracles to liquidate positions correctly.
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TVL (Total Value Locked)
The total dollar value of assets currently deposited in a DeFi protocol. A rough proxy for adoption and trust.