Aerodrome
"Aerodrome is a ve(3,3) METADex on Base. A METADex is a protocol that combines features of Uniswap v2 and v3, Curve Finance and Convex / Votium into a single streamlined protocol with no fee-extracting middle layers. It serves as the central trading & liquidity marketplace on Base. Aerodrome is a fork of Velodrome, run by the same team. Velodrome started out based on Solidly, but has since evolved with its V2 into a complete rewrite both on frontend and backend and added several new features.
With a massive $110M paid out to token holders in less than a year, it is beating nearly every other protocol in this metric. Currently, protocols are getting ~2x $ worth of emissions compared to the incentives they deposit. If they deposit $10k worth of incentives, they would receive ~$20k worth of token emissions. The entire supply of AERO was airdropped to veVELO holders. The holders got a veAERO lock about 1/3 of the size of their veVELO and some liquid AERO as voting incentives at launch. That veAERO is now worth 3x more than the veVELO and earning ~7x more rewards per week."
