Velo Vaults (v2)
Staking VELO LP tokens in the Velo Vaults converts the VELO emissions due to the underlying LP tokens into OpenX. This conversion is made upon withdrawal of LP tokens from the vault.*
There are no fees for using the vaults.
This ensure APRs are at least = those received on Velodrome.
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*Note that the conversion upon withdrawal does not currently claim the OpenX emissions to the user's wallet. The user must claim the OpenX tokens due their position in a separate transaction.
Last modified 3d ago