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What is Velodrome Finance (VELO)?

Velo is a decentralized financial platform leveraging blockchain technology to offer affordable, frictionless financial solutions. It enables the trustless and direct transfer of digital assets pegged 1:1 to fiat currencies. The platform also includes a trading marketplace and specialized products for real estate investments. Velo's native token, VELO, is a utility token with a capped supply of 30 billion tokens, built on the Stellar blockchain using the Stellar Consensus Protocol. Velo's main features include a global payment system that allows instant transfers for businesses and individuals. It partners with licensed financial institutions to create digital assets tied 1:1 to local currencies, collateralized by VELO tokens. The system operates via two key mechanisms: a Digital Credit I...

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