Aerodrome Finance: Stepping into the Future of DeFi

August 26, 2023 Alex Rustok

Introduction to Aerodrome

Aerodrome Finance is gearing up for its exciting debut on Base. By partnering with around 20 other entities, it’s positioning itself as the go-to spot for liquidity in the ecosystem. Moreover, it’s utilizing the fresh and innovative Velodrome v2 technology. This platform promises to bring features such as specialized liquidity, simplified voting, and an inclusive veNFT Marketplace.

Collaboration with Base Team

Together with the Base Team, Aerodrome is innovating a unique “public goods engine.” Interestingly, this engine is an integral part of Aerodrome. Here’s the breakdown: they’re setting aside a quarter of Aerodrome’s initial voting strength for Ecosystem Goods. This strategy ensures liquidity for crucial assets. Furthermore, the fees generated from these pairs will be channelled into the public goods funding (PGF) and voting. Consequently, the $AERO token becomes the heart and soul of the ecosystem.

Benefits for Protocols

Protocols aiming to integrate with Base will find Aerodrome to be an essential ally. Not only does it facilitate liquidity, but it also serves as an entry point for these protocols. Here’s how it works: these protocols can use veAERO, guiding AERO emissions to their respective zones. On the flip side, VeAERO holders are in for a treat. They stand to gain the entirety of trading fees and benefits from their selected pools. This setup guarantees handsome rewards for the most active participants.

exchange comparison

Launch Highlights

As Aerodrome prepares to launch, it has its eyes set on both early adopters and a sustainable future. The game plan is to initiate with a whopping 500M AERO, and impressively, 90% of this (which is 450M) will be designated as veAERO. Some vital details include:

  • VeVELO loyalists are in for a 40% airdrop. Given their stature in DeFi, it’s a move to welcome them.
  • To partake, a minimum of 1000 veVELO is mandatory.
  • Certain voting-related fees will bolster PGF initiatives, enhancing the Base network in the process.
  • The dedicated Aerodrome squad will receive veAERO. However, they’ll have to wait for 2-4 years to access the full amount, ensuring long-term commitment.