Our project operates the most used veNFT Market in crypto, responsible for more veNFT trading volume than all other NFT Markets combined. It has saved users >355k USD in fees (compared to OpenSea, the second most used Marketplace for veNFTs). Its UI introduced tools for tracking locked amounts, unlock dates, etc. -- without which most users would be unable to safely trade these positions. It is the only any-erc20-for-any-erc721 contract that exists. We've seen >17.5M USD in volume across Superchain deployments. On Optimism, these contracts have facilitated more volume than all other NFT Market contracts combined since their release; they've accounted for > 4% of all NFT volume on Base. We developed the only (non-deprecated) liquid staking project for veVELO. Its vote-matching program is the only such program of its kind that exists. This program allows projects and users alike to receive votes by pairing a token with opxVELO. Each week, a snapshot captures the amount of opxVELO in each pool, and the pool receives one vote for each opxVELO pooled. It has achieved its success without subsidy, grants, or outside funding. Its historical performance matches or bests the majority of all liquid staking projects for vote-escrow positions. Our tokens serve a function within our projects. They have been responsible for hundreds of thousands of transfers on Optimism. We originally deployed the Open X Project on Optimism in September of 2022.
Category:
DeFi
Revenue
Under-250k USD
Note: We have no outside funding and have never received a grant of any kind from any chain. In addition to making veNFT trading safer and more transparent for users compared to OpenSea (and other NFT Markets), our NFT Market charges only 1% per transaction (compared to OpenSea's 2.5%). Consequently, users have saved >355k USD in fees by using our marketplace for their veNFT transactions. Our revenue from these transactions by contrast was <200k USD. We have saved users substantially more in fees than we have taken. Our fees go toward supporting our infrastructure and investing in or providing liquidity for other Superchain native projects. 100% revenue generated by the opxVELO project (~10k VELO / week, the value of which varies) is re-invested into the Velodrome ecosystem in the form of recycled partner project incentives, increased LP depth for partner projects (from transaction fees), and the buyback-and-burn mechanism that returns value to opxVELO users. (Note: VELO is bonded to our project via the opxVELO project, but for each VELO bonded the contract issues 1 opxVELO, meaning for each $1 of "revenue" bonded to opxVELO, $1 of liability is issued; we have therefore not counted bonds as revenue).
OP Mainnet
0x7e3Cb178e9857b53b1C41E34D5997c6E3774CF2C
Base
0x44e1630c95C64BbE197193Da41b22eee26498D5f
OP Mainnet
0xeC16Bd5874A10e5c171810feA8d7F6C9236a55B2
OP Mainnet
0x7590C1aa03B6Ac395E62B2a8B382272E4E1e823d
Base
0xbDdCf6AB290E7Ad076CA103183730d1Bf0661112
