Velodrome Finance, the largest decentralized exchange protocol on OP Mainnet in terms of both total value locked and revenue, will deploy a new forked DEX called Aerodrome on Coinbase’s Layer 2 Base network and is set to release with the support of over 20 partners.
The newly launched DEX plans to incentivize users through an airdrop of its native Aero token. The drop will be for existing users that have locked (or vote-escrowed) Velodrome (VELO) tokens in exchange for veVELO, the project's governance token.
At the time of Aerodrome’s launch, 40% of the initial Aero token supply will be distributed to veVELO holders as veAERO.
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