Rewards

<p>Aerodrome, a central <a href="https://blockchainreporter.net/glossary/liquidity/">liquidity</a> 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.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Unrivaled Rewards for veAERO Voters 🛫<br><br>Since launching, Aerodrome has distributed $86.1 million in Total Rewards (fees + incentives) to veAERO voters, an average Voting APR of 54.66% 🗳️ <a href="https://t.co/7OB3k8Mxie" target="_blank">pic.twitter.com/7OB3k8Mxie</a></p>— Aerodrome (@AerodromeFi) <a href="https://twitter.com/AerodromeFi/status/1805239597485728121?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="aerodrome-unveils-unrivaled-rewards-targeting-veaero-voters">Aerodrome Unveils Unrivaled Rewards Targeting veAERO Voters</h2> 
<p>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.</p> 
<h2 class="wp-block-heading" id="the-rewards-include-fees-and-incentives-to-facilitate-the-voters">The Rewards Include Fees and Incentives to Facilitate the Voters</h2> 
<p><a href="https://aerodrome.finance/" target="_blank" rel="noopener">Aerodrome</a> 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.</p>

Aerodrome Announces Unrivaled Rewards to Facilitate veAERO Voters

Table of Contents

BlockchainReporter

Other articles published on Jun 24, 2024

Bitcoin Value Dips Under $63,000, Prompting Surge in Long Liquidations

List of Altcoins Poised for 10X Growth Amid Crypto Bloodbath

Hedera (HBAR) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Solana introduces ‘ZK Compression’ aimed at reducing on-chain storage costs by 99%

Shiba Inu Enters Accumulation Zone Amid 493% In Shibarium Transaction Fees

DTX Presale On Track For 99x Rally While Render (RNDR) And FLOKI Investors Get In For Quick Profits

Join our free newsletter for daily crypto updates!