What is velodrome V2?

As a keen observer of the cryptocurrency and financial landscapes, I am intrigued by the emergence of Velodrome V2. Could you elaborate on what it actually is? Is it a new blockchain protocol? A decentralized finance platform? Or perhaps a novel token offering? I'm curious about its core functionalities, its potential use cases, and how it differs from its predecessor, Velodrome V1, if there indeed was one. Understanding the intricacies of this technology could provide valuable insights into the evolving world of crypto and finance.