Velodrome Finance and the launch of Aerodrome:
**1. Velodrome Finance Launches Aerodrome:** Velodrome Finance, known as the largest decentralized exchange (DEX) protocol on #OP Mainnet in terms of total value locked (TVL) and revenue, is launching a new DEX called Aerodrome.
**2. Deployment on Coinbase's Layer 2 Base Network:** Aerodrome will be deployed on Coinbase's Layer 2 Base network, expanding its presence beyond its existing protocol on OP Mainnet.
**3. Over 20 Partners Support:** The launch of Aerodrome is backed by support from over 20 partners within the cryptocurrency and blockchain ecosystem.
**4. Incentives through Airdrop:** Aerodrome plans to incentivize users through an airdrop of its native Aero token. This airdrop will be available to existing users who have locked (or vote-escrowed) Velodrome (VELO) #tokens in exchange for veVELO, which is the governance token of the Velodrome project.
**5. Distribution of #Aero Tokens:** At the time of Aerodrome's launch, 40% of the initial Aero token supply will be distributed to veVELO holders as veAERO.
**6. TVL Exceeds $200 Million:** According to data from Defillama, the TVL in Velodrome's #Aerodrome DEX, deployed on Base, has surpassed $200 million, making it the highest TVL project on the Base chain at the moment.
This update highlights the expansion of Velodrome Finance into Coinbase's Layer 2 Base network and the launch of Aerodrome, offering incentives to its users through a native token airdrop and achieving significant #TVL in its new DEX.
