✈️ Aerodrome Finance Overview

Aerodrome Finance is the leading decentralized exchange (DEX) on Base, Coinbase’s Layer 2 blockchain. It launched in August 2023, built as a fork of Velodrome V2 (from Optimism), with key improvements to serve as the primary liquidity engine for the Base ecosystem.

🔧 Key Features

1. AMM with Concentrated Liquidity

• Supports volatile and stable pools
• Offers low slippage, low fees, and Slipstream pools with concentrated liquidity
• Traders benefit from highly efficient routing and optimized trade execution

2. ve(3,3) Governance Model

• Lock AERO tokens to receive veAERO, a voting-escrow NFT
• Vote on which pools receive AERO emissions
• Earn fees, bribes, and boosted rewards as a veAERO holder

3. Gauge & Bribe System

• Liquidity pools are assigned gauges
• veAERO holders vote to direct emissions
• Projects can offer bribes to incentivize votes for their pools
• Promotes capital-efficient liquidity bootstrapping

4. 100% Protocol Revenue Sharing

• All protocol fees are distributed to veAERO lockers
• No centralized treasury siphoning—fully community-aligned

📈 Growth Highlights

• $29B+ total volume in under 12 months
• $600M+ in Total Value Locked (TVL)
• Consistently outperforms Uniswap V3 on Base in daily volume
• Over $124M distributed to veAERO holders
• Accounts for ~90% of Base DEX trading activity

🎯 Benefits of Using Aerodrome

FeatureBenefitBuilt on BaseLow fees, fast transactionsveAERO ModelLong-term alignment & yieldSlipstream PoolsCapital efficiency, less slippageBribes & GaugesSustainable, demand-driven emissionsAdvanced AMM LogicImproved routing, fewer MEV risks

⚠️ Risks

• Complex for beginners due to vote-lock and gauge mechanics
• Requires understanding of ve(3,3) systems and bribe dynamics
• As always: smart contract risk (DYOR + use verified links)

🚀 How to Use

1. Visit: https://aerodrome.finance
2. Connect Base-supported wallet (e.g. MetaMask)
3. Swap, provide liquidity, or vote on gauges
4. Lock AERO → veAERO → vote → earn rewards

💡 Summary

Aerodrome Finance is not just a DEX—it's the central liquidity protocol of Base. With deep liquidity, aligned tokenomics, and an active governance model, it's shaping how DeFi grows on Coinbase’s L2.

Let me know if you want help using Aerodrome, understanding veAERO, or earning via liquidity provision!