Introducing Aerodrome: Velodrome Finance’s New Forked DEX
Published 1 minute earlier on Velodrome Finance, the largest decentralized exchange protocol on OP Mainnet, is set to deploy a new forked DEX called Aerodrome. Here are the key points:
1. Deployment on Coinbase’s Layer 2 Base network: Aerodrome will operate on Coinbase’s Layer 2 Base network, aiming to capture liquidity and value exchange similar to its operations on OP Mainnet.
2. Support from over 20 partners: The new exchange will release with the support of over 20 partners, indicating a strong network of collaborators.
3. Dominance on OP Mainnet: Velodrome’s total value locked of $194 million confirms its position as the largest DeFi protocol on the OP Mainnet.
4. User incentives through airdrop: Aerodrome plans to incentivize users by airdropping its native Aero token. Existing users who have locked Velodrome (VELO) tokens will receive veAERO, the project’s governance token.
5. Distribution of veAERO: At the time of Aerodrome’s launch, 40% of the Aero token supply will be distributed to veVELO holders as veAERO.
In conclusion, Velodrome Finance’s new forked DEX, Aerodrome, aims to replicate its dominance on OP Mainnet by leveraging the Base network. With support from partners and user incentives, the project seeks to capture liquidity and value on this new platform.
Hot Take
Velodrome Finance’s launch of Aerodrome on Coinbase’s Layer 2 Base network demonstrates their commitment to expanding their reach and dominance in the decentralized exchange space. By incentivizing users and leveraging their existing success, Velodrome is well-positioned for further growth and success with Aerodrome.
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