Introducing Aerodrome: A New DEX on Coinbase’s Base Blockchain
Velodrome, a decentralized finance (DeFi) protocol, has launched Aerodrome, a new decentralized exchange (DEX) built for Coinbase’s layer 2 blockchain Base. Aerodrome aims to provide traders with a seamless token swapping experience, minimal slippage, and low fees. Additionally, users will be rewarded with governance tokens that can be used for voting and potentially increase in value.
Key Points:
– Aerodrome is a next-generation automated market maker (AMM) designed to serve as Base’s central liquidity hub.
– The DEX combines a powerful liquidity incentive engine, vote-lock governance model, and user-friendly experience.
– To incentivize users, Aerodrome will conduct an airdrop of its governance token, AERO, to existing veVELO token holders.
– 40% of the AERO supply will be airdropped to veVELO holders.
– Aerodrome will leverage the liquidity flywheel concept, where more users lead to deeper liquidity, lower slippage, and attract even more users.
Aerodrome currently has just under $1 million in total value locked (TVL), while Velodrome has over $193 million in TVL according to DefiLlama.
Hot Take:
Aerodrome’s launch on Coinbase’s Base blockchain marks the beginning of the DeFi era on the platform. With its focus on seamless token swapping, low fees, and governance token rewards, Aerodrome aims to provide a user-friendly experience for traders while boosting liquidity. With its innovative features and integration with Coinbase, Aerodrome has the potential to become a significant player in the DeFi space.
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