Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value.
after going live – bumping Base blockchain’s DeFi ecosystem by 80% in terms of locked value.
AERO tokens have a total supply of 500 million of which 450 million are locked for four years, as per developer documents. The only liquid AERO at launch are the 50 million tokens reserved for voter incentives and providing initial liquidity.A key problem faced by decentralized exchanges is that rewards emissions are tied to total liquidity, rather than to trading volume, which generates fees for the protocol.
These locked veAERO are represented as NFTs, which can then be traded on different NFT marketplaces. Other users can then purchase these NFTs to gain outright exposure to the ecosystem, instead of having to buy tokens, locking them up and having to manage that position.
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