Animoca Brands, a prominent investor in Web3 and gaming ecosystems, has announced its acquisition of Aerodrome Finance (AERO) tokens. The company has officially stated that it has secured a position by locking its AERO tokens for the maximum permitted duration.
Aerodrome Finance's Role in the Base Network
Aerodrome Finance is described as being central to the decentralized exchange (DEX) ecosystem operating on the Base network. According to Animoca Brands' statement, Aerodrome currently commands over 50% of the total decentralized exchange total value locked (TVL) on Base.
Aerodrome's Governance and Incentive Structure
AerodromeFi has a structure that aligns the interests of participants around the liquidity hub. Fees and incentives are distributed to AERO holders; liquidity providers (LPs) earn AERO rewards based on votes cast by their pools; and AERO holders determine the direction of these rewards by locking their AERO tokens.
This innovative structure ensures that all key participants in the ecosystem have their interests aligned with the success of the liquidity hub.
Innovative Token Launch System
Aerodrome is also recognized for its distinctive token launch system, known as AERO Ignition, which was previously referred to as Community Launches. Notable projects such as SyndicateIO's SYND and LitProtocol's LITKEY were among the early adopters and pioneers of this system.
Contribution to DeFi Growth on Base
Animoca Brands has asserted that Aerodrome has become a crucial element in the expansion of decentralized finance (DeFi) on the Base network. Furthermore, Coinbase contributes to the ecosystem by simplifying access to tokens listed on DEXs like Aerodrome for DeFi users.