Hi OPGovWatch,
Great analysis on the number of pools. We see onboarding protocols as our bread and butter.
Regarding incentive efficiency, the protocols are deploying much higher incentives on Uni and Curve to attract that TVL than on Velodrome.
When you compare TVL per $ of incentives, you get some remarkable results. Thales is getting 2.8x TVL per $ of incentives on Velodrome vs Uni and 6.6x the volume per $ incentive! While Lyra is basically getting all their liquidity for free using the airdropped veVELO we gave them at launch:
Note that Thales, Lyra, and Synthetix all have veVELO votepower we airdropped to them, which they’ve been using to vote on their pools and automatically get a rebate for any bribes they deposit.
For sETH and sUSD liquidity, the results also speak for themselves:
