Velodrome Finance operates a decentralized exchange described as a MetaDEX, combining swaps, liquidity deposits, incentives, and onchain governance. Its platform serves traders seeking low-fee token swaps, liquidity providers who stake deposits for token emissions, and voters who lock tokens and vote on pools to earn weekly fees and incentives. The protocol emphasizes immutable, permissionless code, interoperability, and user-directed distribution of fees and incentives.