blockchainreporter.net
Aerodrome, a central liquidity and trading marketplace operating on the popular blockchain Base, has announced an exclusive development. As per the platform, it is offering “Unrivaled Rewards” as a substantial incentive to encourage the veAERO Voters to further contribute to the firm. Aerodrome reportedly took to its official account on the social media forum X to disclose the respective development.
Unrivaled Rewards for veAERO Voters 🛫
— Aerodrome (@AerodromeFi) June 24, 2024
Since launching, Aerodrome has distributed $86.1 million in Total Rewards (fees + incentives) to veAERO voters, an average Voting APR of 54.66% 🗳️ pic.twitter.com/7OB3k8Mxie
Aerodrome Unveils Unrivaled Rewards Targeting veAERO Voters
In its latest X post, the firm noted that it has effectively carried out the distribution of the rewards. According to the company, the rewards equal a significant amount of up to $86.1 million. The firm has reportedly disseminated the above-mentioned rewards in total since the launch thereof. As a result of this endeavor, the platform intends to promote more participation.
The Rewards Include Fees and Incentives to Facilitate the Voters
Aerodrome reportedly works as a decentralized exchange operating on Base. It provides the users with liquidity to meet their requirements. To carry out this liquidity provision, the platform reportedly leverages automated market-making technology. Apart from that it also takes advantage of the token swaps. The platform revealed that the cumulative rewards included incentives as well as fees to assist veAERO voters. As per it, 54.66% is the average Voting APR.