Aerodrome DEX profile
Editorial record: June 1, 2026
Type
amm
Swap Fee
0.3%
Trading Pairs
800+
Source status
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Last Updated: June 1, 2026
Our MethodologyOverview
Aerodrome is an automated market maker on Base. It uses ve(3,3) tokenomics: users who lock AERO as veAERO can vote on liquidity emissions and receive fees from pools they vote for. The protocol supports swap pools and liquidity incentives. Liquidity providers face price and smart-contract risk.
Profile summary
Base's largest DEX with ve(3,3) tokenomics and $1.4B TVL
Fees & Costs
| Swap Fee | 0.3% |
| Protocol Fee | 0.1% |
| Gas Estimate | $0.01-0.10 |
Security & Audits
| Audits | Spearbit, OpenZeppelin |
| Open Source | ✓ Yes |
| Bug Bounty | ✓ $500,000 |
Features
Supported Chains
| Limit Orders | ✗ No |
| Perpetuals | ✗ No |
| Cross-Chain | ✗ No |
| Lending | ✗ No |
| Farming | ✓ Yes |
| Staking | ✓ Yes |
Pros & Cons of Aerodrome
Pros of Aerodrome
- ✓Largest DEX on Base with over $1.4B TVL
- ✓veAERO voters earn 100% of swap fees from voted pools
- ✓Official liquidity layer endorsed by Base/Coinbase
- ✓Very low transaction fees on Base L2
- ✓Active bribe marketplace incentivizes deep, sustainable liquidity
Cons of Aerodrome
- ✗Only available on Base chain
- ✗Complex ve(3,3) mechanics may confuse beginners
- ✗High AERO emissions create selling pressure
ve(3,3) combines vote escrow with an emissions model. Users lock tokens to receive voting power and fee rights. They can vote on emissions. Projects may offer incentives for votes.
Projects that want liquidity on Aerodrome can post bribes to incentivize veAERO holders to vote for their pools. When you vote for a pool, you earn both the swap fees from that pool AND any bribes posted. This creates a market where protocols compete for emissions by offering rewards. veAERO holders can vote for multiple pools and maximize returns by comparing bribe yields across different pools each epoch.
Aerodrome was launched with official support from Base as the designated liquidity layer for the ecosystem. Base (built by Coinbase) strategically partnered with Aerodrome to bootstrap liquidity, recognizing the success of Velodrome's model on Optimism. Base seeded initial liquidity, and Coinbase Ventures invested in the protocol. This endorsement has helped Aerodrome become the dominant DEX on Base, processing over 50% of the network's swap volume.
Yes, Aerodrome is considered safe. It has been audited by Spearbit and OpenZeppelin, two of the most respected security firms in crypto. The protocol is open-source, has a $500,000 bug bounty, uses multisig governance, and enforces a 24-hour timelock. Its backing by Coinbase Ventures and endorsement by Base add extra credibility. However, all DeFi protocols carry inherent smart contract risk.
Earnings depend on the pools you vote for and their trading volume. veAERO voters receive 100% of swap fees from pools they vote for, plus any bribes posted by projects seeking liquidity. During high-volume periods, some voters report APRs exceeding 50-100%. To maximize returns, experienced voters compare bribe yields and fee revenue across pools each weekly epoch before casting their votes.
Aerodrome offer details
Check current terms, eligibility, and availability before you use an offer.
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When to skip Aerodrome
Skip Aerodrome if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Market Data
Security
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
