Cryptocurrency Exchange Aerodrome
Aerodrome is the central exchange of the Base network. Its model is built around voting: holders of the locked protocol token decide weekly which pools receive reward emissions. Liquidity is steered to where projects need it rather than spread evenly.
For a trader that means deep pools on the main Base pairs; for a liquidity provider, income depends not only on fees but also on how the vote goes. The protocol is tied to a single network, so assets from other chains arrive here only through a bridge.
Advantages
- Dominant DEX on Base: largest liquidity
- ve(3,3) model for efficient liquidity incentives
- Low Base network fees
- Slipstream: concentrated liquidity
Disadvantages
- Only works on Base
- Complex ve(3,3) tokenomics to understand
- Dependent on the Coinbase/Base ecosystem
Security
- Based on audited Velodrome codebase
- Smart contract audits
- Non-custodial protocol