VeleroDAO
1. Summary
- Description
-
VeleroDAO is the governance protocol behind the first collateral-backed stablecoin, USDV, for the fastest and most secure blockchain network to exist - Velas. VeleroDAO is not only a first mover on Velas, but also achieved the highest grant award from the Velas Grant Program. By forking MakerDAO for the Velas network, VeleroDAO has become the main...
VeleroDAO is the governance protocol behind the first collateral-backed stablecoin, USDV, for the fastest and most secure blockchain network to exist - Velas. VeleroDAO is not only a first mover on Velas, but also achieved the highest grant award from the Velas Grant Program. By forking MakerDAO for the Velas network, VeleroDAO has become the main infrastructure project on Velas. This is a vital building block in the exploding Velas DeFi ecosystem.
Governance and Management
VeleroDAO is managed by people around the world who hold its governance token, VDGT. Through a system of scientific governance involving Executive Voting and Governance Polling, VDGT holders manage the VeleroDAO Platform and the financial risks of USDV to ensure its stability, transparency, and efficiency. VDGT voting weight is proportional to the amount of VDGT a voter stakes in the voting contract, meaning the more VDGT tokens locked in the contract, the greater the voter's decision-making power.
Functionality
VeleroDAO allows users to use crypto as collateral to generate USDV with only one simple step - creating a Collateralized Debt Position (CDP) by depositing $VLX to the VeleroDAO smart contract. After that, USDV begins working as a hedging mechanism for preserving capital.
| Price | |
| 52W High price | $0.06 |
| 52W High date | 3rd Mar 2022 (2 years ago) |
| All Time High (ATH) Date | 10th Oct 2024 (1 month ago) |
| All Time Low (ATL) Date | 10th Oct 2024 (1 month ago) |
| Supply & Trading Volume |
How does VeleroDAO's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
26.2%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 5,300 |
| Twitter followers | 14,549 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://www.velero.finance/ |
|---|---|
| Explorer | https://evmexplorer.velas.com/tokens/0xd12f7A98C0d... |
| @VeleroDAO |
What is the correct contract address for VeleroDAO?
| Velas | 0xd12f7a98c0d740e7ec82e8caf94eb79c56d1b623 |
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Has VeleroDAO been audited for security?
No security audits found for this project.
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