Velodrome
DAMASCUSDEX / AMM · Optimism · $300M+ TVL · 15 contracts
Public risk assessment — scores are produced with the same methodology as monitored protocols
Security Profile
60
82
95
100
82
60
50
75
55
60
82
95
100
82
60
50
75
55
Audit History
Bug Bounty Program
Assessment
Largest DEX on Optimism, ve(3,3) model pioneer with 47+ months live. Clean exploit history and dominant L2 market position. Solidly fork with significant improvements. L2-native reduces some cross-chain risk.
Dimension Breakdown
How scores work →- veNFT governance model
- Epoch-based reward distribution
- Pool creation permissionless
- Team multisig for emergency
- ve(3,3) model proven on Optimism
- VELO emissions well-understood
- Bribe market creates economic alignment
- Fee distribution transparent
- Internal AMM pricing
- No external oracle dependency
- TWAP from pool reserves
- Manipulation resistant for large pools
- Live since June 2022 (47+ months)
- Largest DEX on Optimism
- Zero protocol-level exploits
- V2 upgrade successful
- veNFT voting for gauge weights
- Epoch-based governance cycles
- Community-driven direction
- Team retains some parameters
- Multiple audits
- Clean exploit history
- Active bug bounty
- Solidly fork with improvements
- No validated adversarial findings — score set to neutral baseline
- Professional team
- Automated epoch operations
- Optimism-native ops
- Active monitoring
- Optimism-native, limited cross-chain
- LP tokens composable
- Integration with Optimism ecosystem
- Factory pattern for pools
- Standard Solidity
- Fork of audited Solidly code
- Verified contracts
- Clean dependencies
Additional Dimensions
- Not assessed — excluded from BRI computation
Risk Drivers
Primary risk factors driving this score, ordered by severity.
Adversarial Risk Signals
Observable security posture indicators. These signals reflect publicly verifiable information and responsible disclosure outcomes. No specific vulnerability details are exposed.
Score History & Verification
Score provenance tracking begins with the next reassessment.
On-Chain Data
- Protocol Slug
- "velodrome"
- Oracle
- BRORegistry (Base)
- Evidence
- IPFS (pinned)
- Staleness Threshold
- 24 hours
registry.getScore("velodrome")Reduce exploitable risk
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