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.
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.
The Significance of AERO Tokens
AERO tokens are designed for diverse roles:
- They can mirror incentives offered by partners or draw additional votes to pivotal liquidity zones.
- An initial 2% of AERO will be paired with USDC, ensuring a smooth start for AERO trades.
Emission Strategy for AERO
The release of AERO follows a structured three-phase approach:
- Take-off: The first 14 weeks will see a weekly surge in emissions by 3%.
- Cruise: Post the 14-week mark, emissions will taper off by 1% every week.
- Aero FED: A fascinating phase where, upon reduction in emissions, veAERO voters step in to chart the path forward.
Every week, VeAERO holders receive a calculated bonus based on a specific formula. This strategy ensures greater rewards, especially when locking rates decrease.
Aerodrome Finance represents a revolutionary step in the DeFi realm. Its primary aim is to supercharge the Base network through augmented liquidity. As the launch date nears, anticipation is building. Enthusiasts eagerly await the partners who will collaborate with Aerodrome, infusing the system with liquidity, incentives, and innovative integrations. The Base economy is poised for a transformative journey.
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