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Velodrome V3 Review 2026: Slipstream Concentrated Liquidity

Velodrome V3 is the Slipstream concentrated liquidity module of Velodrome Finance, a DEX that spans Optimism and several other chains. It has modest TVL of about $6.0M and is best suited to liquidity providers who understand concentrated positions.

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By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

6.8/10

Good

Visit Velodrome V3

Our verdict on Velodrome V3

6.8/10

Velodrome V3 suits DeFi users and liquidity providers who want concentrated liquidity within the Velodrome ecosystem, across Optimism and several newer chains. Its strength is adding concentrated pools next to the existing sAMM and vAMM options, with two audits listed. The main caveat is the modest $6.0M TVL spread over ten chains, along with unpublished fee details. Treat it as a higher-risk DeFi position and start small.

Score breakdown

How Velodrome V3 scores

Security: 6.5/10
Ease of use: 6.5/10
Fees: n/a
Features: 7.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Velodrome V3?

Velodrome V3 is the DefiLlama listing for Slipstream, the concentrated liquidity layer of Velodrome Finance. The homepage describes Velodrome as the central liquidity hub on the Optimism network. Slipstream adds concentrated pools on top of the sAMM and vAMM models already in place.

DefiLlama categorizes it as a DEX and lists it on ten chains: Ink, Optimism, Fraxtal, Soneium, Celo, Unichain, Mode, Lisk, Swellchain and Superseed. It has been listed since March 2024, with TVL of roughly $6.0M and two audits noted.

Public sources name AERO as the associated token. Beyond that, details on fees, governance and emissions are not included, so this review stays at the level of the published description.

How Velodrome V3 works

Velodrome is an automated market maker. Instead of an order book, users trade against pools of tokens that liquidity providers deposit. Prices adjust algorithmically as the pool balance changes.

Slipstream adds concentrated liquidity as an option next to Velodrome's existing sAMM and vAMM pools. In a concentrated pool, a provider chooses a price range for the capital, which can improve capital efficiency and earn more fees while the price stays in range. If the price leaves the range, the position stops earning fees.

The project description says Slipstream is built to leverage the Velodrome flywheel. Specifics of that incentive mechanism are not given publicly, so readers should consult official documentation.

6 features

Key features

Concentrated liquidity pools

Slipstream adds concentrated liquidity pools, letting providers focus capital within chosen price ranges.

Existing AMM models retained

Concentrated pools sit on top of Velodrome's existing sAMM and vAMM pool models rather than replacing them.

Multi-chain deployment

DefiLlama lists ten chains, including Optimism, Ink, Unichain, Soneium and Celo.

Velodrome flywheel integration

Slipstream is designed to work with the Velodrome flywheel, according to the project description.

Audits listed

DefiLlama lists two audits for the project.

Optimism liquidity hub

The homepage describes Velodrome as the central liquidity hub on the Optimism network.

Pros and cons

What we like

Adds concentrated liquidity on top of existing sAMM and vAMM pool types
Deployed across ten chains, including Optimism and newer networks like Unichain and Ink
Two audits are listed on DefiLlama
Listed since March 2024, giving it some operating history
Part of the established Velodrome ecosystem and its flywheel model

Watch out for

TVL of about $6.0M is small for a multi-chain DEX, so liquidity in some pools may be thin
Spread across ten chains, which can fragment liquidity and add bridging steps for users
Public sources list only two audits and give no detail on scope, dates or auditors
Concentrated liquidity positions need active management and carry impermanent loss risk
Fee levels, emissions and voting mechanics are not published publicly, so users must research them
Public sources list the AERO token, which may confuse readers who associate it with a separate Aerodrome deployment

Velodrome V3 fees

Swap fees and liquidity provider fee tiers are not published publicly supplied. Users would see pool-specific fees in the swap and liquidity interfaces on the official app before confirming a transaction.

Beyond protocol fees, users pay network gas on whichever chain they use, and bridging costs if moving funds between chains.

Is Velodrome V3 safe?

DefiLlama lists two audits, but the project does not identify the auditors, dates or scope. Like any DEX, the main risks are smart-contract bugs, oracle or pool design issues, and impermanent loss for liquidity providers. Trading and liquidity provision are non-custodial, so users keep control of their wallets but also bear the risk of mistakes.

The project does not mention security incidents or regulatory status. Cross-chain use adds bridge risk, so use official bridges and verify the app address before connecting a wallet.

6 steps

How to get started with Velodrome V3

1
Read the official documentation to understand sAMM, vAMM and concentrated liquidity pools.
2
Set up a self-custody wallet that supports the chain you plan to use, such as Optimism.
3
Bridge or fund the wallet with the needed assets plus a small amount for gas.
4
Connect to the official app and check the pool's fee tier and price range.
5
Start with a small swap or liquidity position to learn how it behaves.
6
Monitor your positions and the price range, since concentrated positions can go out of range.

Open Velodrome V3

Who Velodrome V3 is for

Velodrome V3 is for experienced DeFi users who are comfortable with wallets, gas, and managing liquidity positions across price ranges. It also suits traders who already use Optimism or the other listed chains and want an additional DEX option. Beginners should learn how concentrated liquidity and impermanent loss work before depositing.

Velodrome V3 FAQs

What is Velodrome V3?

Velodrome V3 refers to Slipstream, which adds concentrated liquidity pools to Velodrome alongside its existing sAMM and vAMM pool types. It is tracked on DefiLlama as a decentralized exchange.

Which chains does Velodrome V3 run on?

DefiLlama lists Ink, Optimism, Fraxtal, Soneium, Celo, Unichain, Mode, Lisk, Swellchain and Superseed. Availability of specific pools varies by chain, so check the app before bridging funds.

How much TVL does Velodrome V3 have?

DefiLlama shows about $6.03M in TVL with a 7-day change of -0.9%. TVL moves constantly, so check a live tracker for current numbers.

Has Velodrome V3 been audited?

DefiLlama lists two audits for the project, but the project does not name the auditors or scope. Audits reduce but do not remove smart-contract risk, so only commit funds you can afford to lose.

Which token is associated with Velodrome V3?

Public sources name AERO as the token tied to this listing. Details on how it is used, such as for voting or incentives, are not public, so read the official documentation.

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