Let's review @velodrome the famous Automated Market Maker combining the best of Curve, Convex and Uniswap, designed to serve as the liquidity hub of the Superchain with ve(3,3) incentive layer.

Velodrome is Stage 1! 👏

The central trading and liquidity marketplace on @optimismFND

velodrome.finance 


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DeFiScan assesses and monitors the maturity and risks of DeFi protocols fostering Transparency and Security.
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⛓️CHAIN: Velodrome has a medium-risk score

Velodrome is deployed on @optimism, an @ethereum L2 in Stage 1 according to @l2beat, whose assessments are authoritative in this criteria.

The undeclared multisig permissions: 
- FactoryRegistry, which (un)approves creating protocol pools.
- Ability to kill and revive gauges, meaning stop/enable gauges to receive and distribute rewards to LPs and voters, but does not affect the rewards already distributed.

⛅️AUTONOMY: @velodrome has a low-risk score

It does not have external dependencies:
- The AMM sets the price all by himself
- The incentive layer relies on veVELO voters, which is protocol-native

🪟EXIT WINDOW: Velodrome has a Medium-risk score

Velodrome meets the minimum requirements of an effective Security Council. However Permissions are not protected by an exit window (a minimum timelock is required to get a Low-risk score) resulting in users not being able to withdraw funds in case of an unwanted update.

🚪ACCESSIBILITY: Velodrome has a low-risk score

Velodrome provides several access points to the protocol, both decentralized and centralized: 
- velo.drome.eth
- http://velo.drome.eth.limo
- http://velo.drome.eth.link
- http://velodrome.finance
- http://alt.velodrome.finance

That's a wrap for @velodrome qualified as a Stage 1 DeFi protocol! 
Thanks for reading and feel free to ask any questions or to learn more about our Decentralization Framework here:

That's a wrap for @velodrome qualified as a Stage 1 DeFi protocol! 
Thanks for reading and feel free to ask any questions or to learn more about our Decentralization Framework here: https://deficollective.org/blog/introducing-defiscan/

🚨UPGRADABILITY: Velodrome has a medium-risk score

Velodrome’s AMM is immutable, so no potential impact on user funds. The remaining permissions are related to the protocol's rewards system and periphery contracts controlled by several multisigs including an undeclared multisig.