Aerodrome Finance
Aerodrome Finance is a revolutionary decentralized finance (DeFi) platform that aims to redefine the landscape of automated market makers (AMM). As Base's central liquidity hub, …
Last updated
Aerodrome Finance is a revolutionary decentralized finance (DeFi) platform that aims to redefine the landscape of automated market makers (AMM). As Base's central liquidity hub, …
Last updated
Airdrop for veVELO Holders: veVELO holders are among the top communities in DeFi, representing sophisticated users and protocols that will be valuable additions to the Base ecosystem. They will receive 40% of the initial supply, distributed proportional to their V2 veVELO balance according to these guidelines.
Minimum of 1000 veVELO required
veVELO balances granted at Velodrome’s launch to the team and initial partners will be excluded; only new VELO locks from these veNFTs will be included
veVELO aggregator layers that accepted user deposits of VELO will also be excluded
Currently ~3500 wallets holding 500M+ veVELO would be eligible, net of an estimated 20% (136M) excluded
No snapshot has been taken, it will occur shortly before the protocol goes live
Ecosystem Pairs and Public Goods Funding: As outlined in our introductory post, Aerodrome aims to serve as a growth catalyst for Base. A key part of that will be dedicating veAERO voting power exclusively to critical pairs such as WETH-USDC and cbETH-WETH.
Fees earned from Ecosystem Pair voting will be allocated to PGF initiatives to support the foundational development of the Base network. Designing an effective program will require time and collaboration with partners. During the development phase, fees collected may be used to maintain the votepower of the veNFTs or incentivize core pairs.
Team: Aerodrome contributors will receive veAERO, vested for 2–4 years, strongly incentivizing them to seek the long-term health of the protocol and overall ecosystem.
Protocol Grants: Top protocols engaging in the Aerodrome flywheel in positive sum ways will qualify for a veAERO voting power grant for the duration of their programs. This will be a unique benefit that will give long-term value back to the partners engaged with Aerodrome and continuously attract new projects to the ecosystem.
AERO Pools: A share of veAERO will be exclusively dedicated to vote on AERO token pairs to support a healthy level of liquidity for the protocol in perpetuity.
