🚀 Aero: Two Major Crypto Exchanges Have Merged into One
What happened?
Imagine two favorite stores in neighboring cities merging into a single chain with a shared checkout and one loyalty card. That’s roughly what Aero looks like.
Who merged?
Aerodrome and Velodrome. These are decentralized exchanges (DEXs), where people trade one cryptocurrency for another without intermediaries. Aerodrome led on the Base network, while Velodrome led on OP Mainnet. By the end of the third quarter, Aerodrome accounted for 58% of trading on Base, and Velodrome for 60% on OP Mainnet.
Where does it work now?
Previously, there were two exchanges, each operating on its own network. Now Aero operates across seven networks: Ethereum, Base, Robinhood Chain, Ink, OP Mainnet, Arc, and Arbitrum. Combined, these networks handle around $120 billion in trading volume per month.
What’s new for users?
Metaswaps: swaps between different networks. This feature enables cross-chain trading.
Slipstream V3: fees adjust to market conditions.
Predictive Allocation: stakers direct the rewards budget to the markets with the highest returns.
And what about the tokens?
There were two tokens (AERO and VELO); now there’s one: AERO.
Old AERO tokens can be exchanged for new ones at a 1:1 rate, while VELO can be exchanged at a rate of 1:0.044.
veAERO and veVELO lockups are converted into sAERO.
According to founder Alex Cutler, 100% of revenue will go to AERO stakers.
What should holders do?
If your tokens are in your own wallet, you’ll need to upgrade them through the portals at aerodrome.finance or velodrome.finance. You’ll need a little ETH to pay the transaction fee. It’s best to check addresses manually and avoid links in emails and chats, as migrations like these always attract scammers.
This is not investment advice. The crypto market is risky, so before taking any action with tokens, make sure to check the terms on the official websites yourself.
#Aero #Aerodrome #Ethereum #ARB #op🔥🔥
