AiCoin|Sep 30, 2026 01:52
[Velocity Co-Founder Cindy Leow Announces Departure]
Cindy Leow, co-founder of the decentralized perpetual contract trading platform Velocity, has announced her departure. The protocol will continue to operate under a rebuilding team. Velocity, formerly known as Drift, has achieved a cumulative trading volume of over $150 billion since its launch in 2021. The protocol was rebranded to Velocity in July of this year, recently launched a test version, completed a security audit, and open-sourced its code. Core team members will take charge of product development, protocol engineering, business expansion, and growth. Former co-founder David will assist the foundation in asset recovery and law enforcement coordination. Moving forward, the protocol plans to optimize its order flow system and expand into stock-based derivatives trading.
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