Pic 4 tells the story. Velocity is a polyester double braid, so they share the load 50/50, cover/core. If I were inspecting this rope for a comp, or if it were mine, I would not use it.
The manufacturer says; If a climbing rope is 25% compromised, to discard it. It appears, from pic 4, that more than 25% of the cover is compromised. Open it up to view the core strands to see what they look like.
Not worth risking your life for, in my opinion.