Introducing Velocore Adapter: Simplifying Cross-Chain Liquidity Provisioning and Yield Farming
After the successful launch of our Router Intents Adapter Store, we’re now here to announce the launch of our first adapter built using Router’s Intent Adapter Library — Velocore!
Velocore is one of the most efficient decentralized exchange (DEX) on Linea, offering users the opportunity to contribute liquidity and reap rewards. With a diverse array of liquidity pool pairs, including USDC, USDTVLC, ETH, LVC, and more, Velocore presents an enticing opportunity for crypto enthusiasts.
Before we explore the intricacies of our Adapter and its perks, let’s highlight Linea Surge — an ongoing campaign crafted to ignite the Linea ecosystem by drawing in Total Value Locked (TVL).
When you deposit liquidity on Velocore, you will earn LXP-L. Once you have staked the LP token, you will earn emissions from Velocore in the form of $LVC.
Know more about it here: https://linea.mirror.xyz/yXLxYACEWN0Ykr--_Dz8jihv4rtctj8tPtjoInNXQNs
User Journey: The Existing Process On Velocore and Its Challenges
In the above screenshots, we saw multiple pairs, however, users can only add liquidity to those only if they hold funds on Linea. If the user holds funds on a chain like Arbitrum or Polygon, what steps would this user need to take to finally provide liquidity and earn yields?
Well, to begin with, first this user needs to bridge their funds to Linea.
And if this user decides to go for a pool pair of USDC with DAI, then they need to convert their transferred asset, say USDT, to USDC and DAI (on the basis of pool requirement).
And how do they do this? They first need to Swap a percentage of their USDT to USDC on ssimilarly swap the remaining tokens for DAI!
We hope you have already considered the amount of gas you’ll be paying for to complete all these transactions and let’s not forget about the multiple steps and approvals you will HAVE to go through! (We love reality checks!)
Talking about Gas, you will need to pay gas on Linea in ETH! We hope you already have it on Polygon (that you can bring to Linea) otherwise, there’s another series of steps here that we do not want to bombard you with.
So, now you have reached this point of confirming your pool creation👇
Once you have confirmed the pool creation, you can go and start contributing to the liquidity,
However, we clearly saw this process consumes time, energy, money, and you will definitely need a good (like really GOOOD) understanding of the DeFi space to finally pull this off.
But let’s be honest, can we truly afford this? For most of users, the answer is going to NO!
Let’s come to the solution now?
Introducing Velocore Adapter
Presenting the new member of Router Intent Adapter Store — Velocore!!
We will come to the theory of it, but you can first check out the proof-of-concept of the Velocore adapter,, which is already LIVE here — https://velocore.routerintents.com/apps/velocore
You can come to us from any chain, holding any token, and select your liquidity pair and we execute it all for you in one go. It’s that simple!
With us, you just select, that’s it.
This time, instead of USDC <> DAI, we’ve chosen USDC <> LVC pair (why not, its Velocore)
This is how simple it is!!!! And you can also further Stake your LP tokens to earn yields directly from the same interface.
Well, the above introduction and explanation of the solution took us no time — imagine how easy your life would be if you simply wanted to execute it and start reaping your rewards? We invite you to explore Velocore and embark on a journey towards seamless, hassle-free crypto transactions. Join us as we reshape the future of DeFi, one transaction at a time.
So how did we do this?
We simply batched all the transactions together—yes, cross-chain ones as well. Adapters are designed to streamline these cross-chain processes by serving as intermediaries that can interpret and fulfil user commands across various blockchain protocols, eliminating users' need to manage the technical complexities themselves.
Read more here: Intent Adapters and Router’s Intent Adapter Store
Stay tuned for more Adapters and reach out to us on our Discord channel to know more.
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