Degen

New Project Launch 🛫

We are thrilled to announce the launch of a DEGEN-WETH pool. This enables contributions towards voting incentives and liquidity, offering the @farcaster community an opportunity to support a homegrown project. 

Emissions begin 0:00 UTC this Thursday 🤝

Since many have been asking about here's a TLDR of the @aerodrome model and how it will benefit the /degen community

The central trading and liquidity marketplace on BASE

https://aerodrome.finance

Liquidity Providers receive AERO emissions

Voters (veAERO holders) receive fees & incentives for the pools they vote on
- these rewards for voters tend to generate 3-4X the value to LPs i.e. for every $1 in rewards for voters of the DEGEN pool $3-4 worth of AERO emissions get distributed to LPs

veAERO = locked AERO

@aerodrome operates on weekly voting periods called "epochs" which start and end every Thursday 00:00 UTC

Once a new epochs begins, voters immediately receive their share of voter rewards and AERO emissions begin streaming to pools until the next epoch begins

Play around with the dAPP here:

So to recap:

Fees & Incentives attract Votes -> Votes direct AERO emissions -> AERO emissions form the APRs to attract Liquidity Providers -> Deeper TVL improves the experience for trading -> More swaps = More fees = More votes next epoch!

cc @jacek @wake.eth hope this helps fellas 🫡

@aerodrome operates on weekly voting periods called "epochs" which start and end every Thursday 00:00 UTC

Once a new epochs begins, voters immediately receive their share of voter rewards and AERO emissions begin streaming to pools until the next epoch begins

Play around with the dAPP here: https://aerodrome.finance/

NFT enjoyooor, crypto student, $DEGEN🎩, intergalactic blockchain explorer. I'm not a moon boi, I'm a space man✨ 👨‍🚀✨ /memestoanend

Yes! You get 100% of fees generated by the pool you vote on as well as any incentives e.g there were DEGEN incentives this past week. Proportional to votepower of course!

Thanks for the write up, I already aped in to the $DEGEN/weth pool because, well, I'm a Degen 😁 Still trying to understand the AERO tokens though. so veAERO is locked AERO. Is there any benefit to locking the AERO I receive from the LP past the voting rights?