Velvet V2

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

calculates overall value deposited across different protocol portfolios

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Velvet V2 is published as a versioned release inside the Velvet.capital protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Velvet V2 is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Oct 25, 2023
   Listed on DeFiLlama

Velvet V2 is a Indexes — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 2 chains, including Binance, Arbitrum.

Velvet V2 operates on 2 networks (Binance, Arbitrum), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Binance, which holds 95% of all assets — other deployments are comparatively small.

Verified external resources for Velvet V2 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Velvet V2 is one of 7 Indexes protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Mantle Index Four Fund, Reserve Protocol, SoSoValue Indexes, and 3 more. These peer protocols collectively secure $532.1M in deposits, giving you a frame of reference for whether Velvet V2's own TVL is at the top, middle, or tail of the category.

Mantle Index Four Fund

TVL $141.4M · 24h +1.11%

Reserve Protocol

TVL $118.1M · 24h +0.11%

SoSoValue Indexes

TVL $96.9M · 24h +0.24%

Enzyme Finance

TVL $91.4M · 24h -0.28%

Bwatch

TVL $58.3M · 24h 0.00%

dHEDGE Vaults

TVL $26M · 24h +0.21%