Protocol Overview
iAero Protocol, a liquid staking protocol on Base, has launched Token Sweeper, an application designed to allow users to swap multiple tokens in single transactions. Alongside this new tool, the protocol has also announced Season 1, a six-month campaign that will distribute 5% of the LIQ token supply to iAERO stakers.
iAero Protocol provides a service where users can deposit AERO or veAERO and, in return, receive liquid iAERO tokens. This mechanism offers liquidity for vote-escrowed positions while enabling users to maintain their exposure to Aerodrome voting rewards.
The protocol operates on a model that offers an alternative to traditional vote-escrowed token systems, which often require users to lock capital to earn yields. iAero Protocol allows users to deposit AERO and receive liquid iAERO tokens. A key feature is the ability for users to unstake their tokens at any time without incurring penalties.
A significant portion of the protocol's revenue, specifically 88%, is distributed to iAERO and LIQ stakers. The revenue streams include Aerodrome voting rewards, bribe payments, and trading fees. Currently, the staking returns are approximately 35% APR, which is derived directly from protocol revenue.
Token Sweeper Launch
The Token Sweeper application aims to address the issue of wallet fragmentation that arises from accumulating numerous tokens through airdrops, yield farming activities, and trading. This application empowers users with several functionalities:
- •Users can batch swap multiple tokens into USDC or WETH in a single transaction.
- •The application routes trades through over 100 Decentralized Exchanges (DEXs) via aggregation to optimize execution.
- •Spam tokens are automatically filtered out using updated blocklists.
- •Users have the ability to simulate transactions before they are executed.
Token Sweeper is currently available across nine networks: Base, Ethereum, Arbitrum, Optimism, Polygon, BNB Chain, Avalanche, Scroll, and Linea. The protocol charges a fee of 0.05% for its services.
Season 1 Distribution Campaign
Season 1 of the distribution campaign awards one point for every iAERO staked per day, running for a duration of six months. Upon the conclusion of the campaign, 5% of the LIQ token's fully diluted value will be distributed on a pro-rata basis, determined by the total accumulated points. A public leaderboard is available to track the standings of all participants.
This campaign is designed to reward users for sustained staking participation, while also remaining accessible to new participants who join throughout the season.
Protocol Architecture and Availability
iAero Protocol aggregates user deposits into a collectively managed veAERO position on Aerodrome, which is Base's primary decentralized exchange. This architectural choice allows smaller depositors to gain access to yields that are typically only available to larger veAERO holders.
Base, a Layer 2 solution developed by Coinbase, has secured a significant presence in the market. Aerodrome facilitates substantial daily trading volume, which generates fee revenue for veAERO holders. iAero's liquid staking model effectively converts this yield stream into accessible returns for its iAERO stakers.
The iAero Protocol is currently live and accessible at iaero.finance. The Token Sweeper application can be found at sweeper.iaero.finance. Comprehensive documentation for the protocol is available at docs.iaero.finance.
About iAero Protocol
iAero Protocol is a liquid staking solution that empowers users to earn Aerodrome voting rewards without the need for lockup requirements. The protocol manages a collectively-owned veAERO position and distributes 88% of its revenue to iAERO and LIQ stakers. Built on the Base network, iAero integrates yield generation with essential DeFi infrastructure products.
Contact Information
Founder
iAero Protocol
iaero@iaero.finance