Decentralized exchange Velodrome is set to release Aerodrome on Coinbase’s Layer 2 Base network on Monday.
According to the development team, it intends to capture a significant portion of both liquidity and value exchange on the Base network, similar to their operations on OP Mainnet, by leveraging elaborate DeFi incentives referred to as a"“Velodrome’s dominance on OP Mainnet is due to its ecosystem-native liquidity layers, which have outperformed multi-chain DEXs and we aim to do the same on Base as with Aerodrome,” Alexander Cutler, the project’s co-founder, said on the strategy behind the...
At the time of Aerodrome’s launch, 40% of the Aero token supply will be distributed to veVELO holders as veAERO. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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