Description
Velo Labs is creating a trustless financial infrastructure that supports crypto payments and smart contracts, aiming to make financial transactions cheaper, faster, and more accessible through an automated, peer-to-peer network. Their Web3+ ecosystem is designed to handle formless assets, allowing fractional transactions and investments. Velo is building an ecosystem for the borderless transfer of currency and assets globally, offering a suite of financial products and services for transferring, investing, borrowing, or lending funds. Their product suite includes Quantum (a remittance network), Universe (a multi-chain DEX), Nova Chain (an EVM-compatible blockchain), Orbit (a crypto super app), and Warp (a cross-chain bridge). The VELO token is a utility token used for value transfer and collateral on the network.