Combining Ampleforth, Compound and YAM functionalities into a new token!
It’s been 8 days since the VELO token (VLO) came out on Nov 4th. At the time of this writing, the VELO community is undergoing the “Foundation phase”, where 30% of all tokens are farmed in as little as 2 weeks.
While the VELO token combines functionalities from Ampleforth (rebasing), Compound (governance) and YAM (incentivization), it has a very unique set up. After this point, the total VLO supply will be fully determined by how much the token circulates.