veAERO Airdrop from Aerodrome Finance — AirFarmer.io Guide
Airfarmer.io is proud to announce the listing of the potential veAERO airdrop from Aerodrome Finance. This is the first of many weekly airdrops that will be added to the newly launched platform — your go to hub for crypto airdrop information and tracking.
Aerodrome Finance, a premier liquidity engine and hub launching on Base, plans to airdrop veAERO to veVELO holders. They have announced they plan to airdrop a significant 40% of Aerodrome’s initial supply to veVELO holders. The snapshot for the airdrop has not yet been taken as of August 09, 2023 according to the Aerodrome official twitter so potential participants still have a chance to get veVELO to participate in the potential airdrop.
To get started, AirFarmer needs to warn you that this airdrop first involves locking VELO tokens for a potentially long time. Token values in crypto can fluctuate dramatically over the course of the potential token locking period so take it with a word of caution and participate at your own risk. Further, it is possible the Aerodrome airdrop tokens may have a similar locking period.
If you chose to participate you will need to acquire veVELO to participate in the Aerodrome airdrop snapshot. To get veVELO to participate in the potential Aerodrome airdrop snapshot head to https://velodrome.finance/swap — here you will need to swap your choice of crypto currency for VELO tokens which you will be required to lock for veVELO. VELO is the token associate with Velodrome and the official website above is the only location to source the token.
There is no other website to source VELO or to lock tokens. DO NOT attempt to buy the tokens elsewhere — you will get scammed and lose funds. The only official source to source VELO and then receive veVELO is at https://velodrome.finance/.
Once on the Velodrome swap page you will have to chose the base token you will swap from in order to exchange for VELO. The choice is yours as up to how many tokens to lock though keep in mind the Aerodrome team has said a minimum of 1000 veVELO tokens are required to participate in the potential airdrop snapshot. At the time of this writing 1 VELO = 0.00005 ETH ~. As you will see shortly below in the article, the recommended amounts of VELO you might chose to swap for are 1100, 1400, 2200, or 4500+ VELO to meet the minimum require to lock for 1000 veVELO tokens.
After having swapped for VELO you will then have to lock your VELO tokens to acquire veVELO. veVELO is the locked equivalent of VELO and is the token required for the Aerodrome Airdrop. The amount of veVELO you will receive for your VELO tokens depends on the locking time you set on the VELO tokens. Navigate to https://velodrome.finance/locks and click on “Create Lock”. Here you’ll be shown the terminal where you can acquire veVELO by locking your VELO tokens for the given amount of time shown.
At a 4 year locking period for the VELO tokens you will be given 1000 veVELO tokens. If you wish to bring that period down to 3 years of locking time instead, you will have to provide 1400 VELO tokens to receive the minimum 1000 veVELO tokens to participate in the potential Aerodrome airdrop snapshot.
Further, at 2 years locking period you’ll need 2200 VELO tokens to get the minimum 1000 veVELO tokens to participate in the potential Aerodrome airdrop snapshot. As you can see, the amount of VELO tokens needed to meet the minimum snapshot threshold continues to increase as you decrease the locking time for the VELO tokens.
Setting the slider even further to the left at 1 year will cost you 4500~ VELO tokens to receive 1000 veVELO tokens. Chose the time period at your own risk and lock tokens only with the amount and time you are comfortable with. After locking your VELO tokens and acquiring a minimum of 1000 veVELO tokens pay close attention to the Aerodrome Finance twitter for updates on their official snapshot date and official launch date. The only requirement is to hold the 1000 veVELO tokens however it is recommended to actively participate on Velodrome Vote page for the weekly liquitidy pool voting.
Holders of veVELO have the authority to determine which liquidity pools are allocated VELO emissions at https://velodrome.finance/vote. As a reward for their decisions, these voters are entitled to receive the entirety of the trading fees and incentives gathered from the specific liquidity pool they have selected through voting.
The veAERO airdrop for veVELO token holders is part of Aerodrome’s broader strategy to incentivize early participation and ensure a sustainable long-term trajectory. To qualify for the airdrop, users must hold at least 1000 veVELO, with opportunities to acquire veVELO by locking VELO tokens for varying durations. As of August 09, 2023 according to the Aerodrome official twitter, the snapshot for the airdrop has not yet been taken, so potential participants still have a chance to partake.
Airfarmer.io’s listing of the potential veAERO airdrop is a testament to our commitment to provide real-time, accurate information on the most promising crypto airdrops in the industry. As a platform, we recognize the growing importance of airdrops as a means to distribute tokens, engage communities, and foster network participation. Our dedicated page at airfarmer.io/airdrops/aerodrome is your one-stop destination for all details related to the Aerodrome airdrop.
Keep an eye on airfarmer.io/airdrops/ for continuous updates on the Aerodrome airdrop and more exciting opportunities in the crypto space. As a new platform, we’re eager to grow and adapt to the needs of our community. If you’ve found value please consider sharing Airfarmer.io with your friends and fellow airdrop farmers. Your support helps us reach more people and provide better, tailored content.
As always, participate in this potential airdrop at your own risk and we are required to write by the big wig lawyers that this content is not financial advice 😈.
For additional information reference the official links below:
https://www.airfarmer.io/airdrops/aerodrome
https://twitter.com/aerodromefi
https://medium.com/@aerodromefi/aerodrome-launch-tokenomics-30b546654a91
https://medium.com/@aerodromefi/introducing-aerodrome-9af62848b876
