Velodrome Finance, the largest decentralized exchange protocol in terms of total locked value and revenue on OP Mainnet, will deploy a new forked DEX called Aerodrome on Coinbase’s Layer 2 Base network and will be supported by more than 20 partners.
The newly launched DEX plans to incentivize users by airdropping its native Aero token. The airdrop will target existing users who have locked (or vote-locked) Velodrome (VELO) tokens in exchange for the project’s governance token, veVELO.
At the launch of Aerodrome, 40% of the initial Aero token supply will be distributed to veVELO holders as veAERO.
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