Aerodrome Finance is an innovative AMM. It was developed to be the main liquidity and trading hub for Base, a project that allows you to build games, apps, tools, bridges, stablecoins and other solutions on the Ethereum network.
It combines a powerful liquidity incentive engine, a vote-locking governance model, and a completely user-friendly experience. It inherits the latest features from Velodrome V2, another pioneering AMM project, which combines the best of Curve, Convex and Uniswap protocols to be a powerful liquidity hub.
Due to the success of the initiative, the native AERO token soared in the market and attracted the attention of large investors. Check out some of the differences between the project and the promising cryptocurrency below.
What does the acronym AMM mean?
The acronym AMM stands for Automated Market Maker. In practice, it works as a type of bot that provides the necessary liquidity to carry out cryptocurrency operations.
In this model, the traditional order book of cryptocurrency exchanges is replaced by a mechanism that executes them automatically, according to rules established by a smart contract.
The Uniswap protocol was the first AMM in history. Since then, many others have been created to facilitate cryptocurrency transactions and provide liquidity to the market. The determination of execution prices is done using complex mathematical formulas.
Aerodrome Finance Differentiators
The main differentiators of the Aerodrome Finance project are: stability and ability to negotiate with low rates. It offers permissionless liquidity pools and incentives to users. Account with self-optimizing liquidity vortex and locked liquidity positions in the form of NFTs.
Users of NFTs have the right to vote to distribute token issues. They receive 100% of the incentives and fees generated by the protocol.
How Aerodrome Finance works
The Aerodrome Finance project was created to reward participants who enable the sustainable growth of the protocol. Traders exchange tokens in a simplified way and pay the lowest fees to locked AERO holders.
Liquidity providers deposit the tokens used for trading into the Aerodrome Finance ecosystem and receive AERO issuances as a reward.
Project voters receive incentives to attract AERO votes/issuances to the liquidity pools, building liquidity at low cost.
Voting for the pools that will receive AERO emissions results in users earning 100% of the incentives and fees from the pools they voted for. Furthermore, all AERO holders can lock the tokens to convert them into veAERO.
AERO Token
AERO is the native token of the Aerodrome Finance project. The total value locked is currently 640.56 million, with 617.93 million monthly trades.
Thanks to the success of the project and the potential of the native token, thousands of investors have already added AERO to their cryptocurrency portfolios. The investment promises to bring excellent results in the long term.
Follow the AERO quote on NovaDAX
If you are interested in the enormous potential of the project and the native token, know that AERO is already listed on NovaDAX with complete security.
To follow the token's price in real time and make smarter trades, observe the platform's charts.
On the charts, you can follow market movements, compare the performance of assets, buy and sell cryptocurrencies with more assertiveness.
Invest in the Aerodrome Finance token on NovaDAX
Do you want to invest in the native token of the promising Aerodrome Finance project? So, purchase cryptocurrency at NovaDAX in a safe, practical and simple way. Create your free account and join this market now!
