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Breaking New Ground: Velodrome and Vana Lead the Charge in Blockchain Innovation

Velodrome, a prominent Automated Market Maker (AMM) decentralized exchange built on the Optimism network, has taken a significant step forward by extending its reach to the BOB (Build on Bitcoin) network.

This expansion marks Velodrome’s second major deployment, signaling its growing influence in the decentralized finance (DeFi) sector. The BOB network stands out as an EVM-compatible Bitcoin layer-2 network, poised to bridge the gap between Bitcoin and Ethereum’s functionalities.

The BOB network

The essence of the BOB network is its designation as a Superchain—a cohesive network of interoperable layer-2 solutions. These solutions are unified by shared features such as bridging capabilities, governance structures, and a communication layer, all underpinned by the robust OP Stack.

Within this innovative Superchain, Velodrome is set to become the primary MetaDEX, serving as a central hub for liquidity and trading volume.

This pivotal role enables Velodrome to unlock the potential of Bitcoin DeFi, facilitating a new wave of innovation through the deployment of EVM-compatible contracts that cater to diverse Bitcoin-related use cases.

Empowering User Data: Vana and the Reddit Data DAO Revolution

In parallel, the decentralized network Vana, known for empowering users to own and manage their data and models, has welcomed a new participant: the Reddit Data DAO. This Data DAO introduces a novel model of data ownership and governance, allowing Reddit users to contribute their data in exchange for governance rights.

Participants can collectively decide on the fate of their data, choosing either to monetize it by selling to AI firms or to request its deletion in exchange for direct compensation from Reddit.

The Reddit Data DAO exemplifies the transformative potential of user-owned data ecosystems and underscores the versatility of applications that Vana enables, marking a significant advancement in the realm of data sovereignty and blockchain-based solutions.”

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