Cryptocurrency Q&A
What network is Velodrome on?
What network is Velodrome on?
InfinityEcho
Sat Jul 20 2024
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7 answers
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Excuse me, I've been hearing a lot about this new cryptocurrency project called Velodrome lately, but I'm not entirely sure about its technical details. Could you please enlighten me on what network Velodrome is actually built on? I'm curious to know if it's a fork of an existing blockchain, or if it's a completely new and innovative platform. Understanding the underlying network is crucial for me to assess its potential and viability in the long run. Thank you for your time and assistance in clarifying this matter.
7 answers
CryptoWizardry
Mon Jul 22 2024
By supporting VELO on OP Mainnet, Ledger Live further expands its capabilities and enables users to explore and utilize the Velodrome Finance ecosystem.
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emma_carter_doctor
Mon Jul 22 2024
The ERC20 standard ensures compatibility and interoperability for VELO tokens, allowing them to be seamlessly integrated into various decentralized applications and services.
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Caterina
Mon Jul 22 2024
Velodrome Finance, represented by its ERC20 token VELO, operates on the Optimism (OP Mainnet) network.
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Giulia
Mon Jul 22 2024
The OP Mainnet network, on the other hand, provides a scalable and efficient platform for Velodrome Finance to build and deploy its decentralized financial products.
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CryptoMaven
Mon Jul 22 2024
This integration allows users to seamlessly manage, send, and receive VELO tokens using their OP Mainnet account within the Ledger Live platform.
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