Aerodrome: A New Business Development Protocol for Base Ecosystem
A platform called Aerodrome, developed by Velodrome in collaboration with Base developers, has quickly gained popularity in the crypto world. In just one day, it attracted over $150 million from users, boosting Base blockchain’s DeFi ecosystem by 80%. The creators of Aerodrome aim to replicate the success of Velodrome, which holds over $288 million in locked value.
Key Points:
– Aerodrome is a platform that allows users to swap tokens for low fees and offers rewards.
– It aims to act as a “business development protocol” for the Base ecosystem, supporting new projects and generating liquidity.
– AERO tokens, similar to VELO tokens on Velodrome, are rewarded to users who provide liquidity, conduct swaps, or participate in governance.
– AERO tokens have a total supply of 500 million, with 450 million locked for four years.
– Users can lock their AERO holdings for different durations to receive veAERO tokens, which grant more voting power.
How it Works:
– Users can lock their AERO tokens for one week to four years to receive veAERO tokens.
– veAERO tokens are represented as NFTs and can be traded on different NFT marketplaces.
– veAERO holders can participate in platform governance and set reward levels for trading pools.
– Voters receive 100% of fees and bribes from the pools they voted for.
– This creates a cycle of liquidity as users are attracted to rewards, purchase more AERO tokens, and continue voting for supported projects.
In Conclusion:
Aerodrome has quickly gained traction by providing a platform for token swaps with low fees and rewarding users with AERO tokens. By incorporating the successful mechanisms of Velodrome, Aerodrome aims to support the growth of the Base ecosystem and generate liquidity. Its early success and the revenue generated by Velodrome demonstrate the potential of these platforms in the crypto space.
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