Aerodrome Finance Airdrop Guide – How to get AERO Airdrop?

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Aerodrome Finance is preparing to launch as one of the most anticipated launches in the decentralized finance (DeFi) space. Built on Velodrome’s advanced v2 technology stack, Aerodrome aims to revolutionize DeFi with a wide range of features and incentives tailored for user engagement.

As the countdown to Base’s launch begins, here’s a comprehensive look at Aerodrome Finance and why it’s likely to make a splash on the DeFi landscape.

overview

Aerodrome positions itself as Base’s central trading and liquidity hub. With features like consolidated liquidity pools, automated reconciliation, and an integrated NFT marketplace, Aerodrome aims to make DeFi intuitive and rewarding for users.

The vision of the project is to empower developers, community and infrastructure in the Base ecosystem. Its native token, AERO, will serve as fuel for participation in governance, rewards, and other aspects.

Tokenomics and distribution

• The total initial supply of AERO will be 500 million tokens.
• 90% of the supply (450 million tokens) will be locked as veAERO, incentivizing long-term participation.
• An airdrop of 40% of the initial offering (200 million tokens) has been announced for veVELO holders on Base. The airdrop aims to distribute more veAERO to users.
• A minimum balance of 1000 veVELO is required to qualify for the airdrop. Certain veVELO credits are excluded due to grant allocations at Velodrome launch.
• Around 3500 wallets with over 500 million veVELO are currently eligible. However, according to the grant-based criteria, up to 20% can be excluded.

Airdrop Eligibility and Exclusions

The airdrop snapshot has yet to be created, but certain veVELO credits will be excluded:

• veVELO credits are given to the Velodrome team and first partners at the start.
• veVELO is held by aggregator logs that accepted user deposits.

Apart from these exclusions, wallets with at least 1000 veVELO qualify for the airdrop. With over 3500 approved wallets, veAERO is expected to be widely used.

Voting Incentives and Emissions

One of the key features is the way veAERO aligns incentives between users and protocols on the airfield. Thats how it works:

• Protocols can lock veAERO and incentivize veAERO voters to direct AERO issuance into their liquidity pools.
• In return, veAERO holders receive 100% of the trading fees and incentives from the pools they vote for.
• This creates a symbiotic relationship between protocols looking to attract liquidity and users looking to maximize their returns.

In the first phase, veAERO holders will be prioritized as the first liquidity providers for the AERO/USDbC pair. High rewards are planned as an incentive for this early pool.

• Emissions start at 10 million AERO per week and increase by 3% per epoch.
• They will peak at just over 15 million before declining by 1% per epoch.
• There will also be partner incentives for the first epochs to increase voting rewards.

Consolidated Liquidity Pools

One of Aerodrome’s key features is consolidated liquidity pools. This means that similar asset pairs on Base are combined into individual pools on Aerodrome.

For example, all USDbC pairs such as XYZ/USDbC, ABC/USDbC, and DEF/USDbC are merged into a consolidated USDbC meta pool.

Advantages of this approach:

• Increased capital efficiency through pooled liquidity.
• Less slippage on trades due to higher liquidity.
• Reduced transient loss for liquidity providers.
• Simplified wealth management for users by accessing multiple pairs from a single pool.

The consolidated pools are managed autonomously by the protocol. This approach represents a new paradigm in DeFi liquidity management.

veNFT marketplace

Aerodrome will also have an integrated marketplace for base generated veNFTs. The marketplace allows trading across multiple collections, making veNFTs more discoverable and liquid.

Key aspects:

• Support for primary sales, auctions and secondary trades in all veNFT collections.
• Ability to use veNFTs as collateral for loans on Aerodrome money markets.
• Trading fees distributed to veAERO holders.
• Commissions paid to the authors of the traded collections.

The marketplace aims to develop veNFTs into a new NFT sub-sector with intrinsic benefits and rewards.

partnerships

Aerodrome starts with around 20 partners, including:

• Thales – On-chain options protocol
• liquidity – decentralized borrowing protocol
• beefy – Yield optimizer
• UniDex – DeFi aggregator

These partnerships will help drive activity and expand Aerodrome’s offering from day one. Further partnerships are planned based on community feedback.

Along the road

With launch on Base imminent, Aerodrome has prepared a detailed roadmap:

Q3 2023:

• token generation
• Bootstrap pools for core tokens
• Basic money markets for stablecoin lending

Q4 2023:

• AMM with consolidated liquidity pools
• Expanded Money Markets
• First governance features

From 2024:

• Transition to decentralized governance
• Support for structured products
• Advanced NFT integrations and futures

As per the roadmap, Aerodrome plans to roll out the features gradually but ambitiously. The goal is to continue to evolve into the most sophisticated and user-friendly DeFi ecosystem on Base.

Diploma

Aerodrome Finance is one of the most promising DeFi launches with a range of features designed for optimal user experience. Whether dropping, voting incentives, partnerships and roadmap – Aerodrome meets all criteria.

The project caused a stir even before it was launched. As Aerodrome gains momentum, it is poised to fulfill its vision of being the preferred DeFi hub on base.

After the runway is cleared, the airfield is ready for takeoff. Buckle up and get ready for the next generation of DeFi. Heaven will never be the same again.

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The authors and guest contributors of CaptainAltcoin may or may not have a personal interest in any of the projects and companies mentioned. None of the content on CaptainAltcoin constitutes investment advice, nor is it a substitute for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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