Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day

Aerodrome, a cross-chain DeFi platform, has attracted over $150 million in locked value within 24 hours of launch, aiming to support projects and generate liquidity for the Base ecosystem by rewarding users with AERO tokens for providing liquidity, conducting swaps, and participating in governance.

coindesk.com

Relevant topic timeline:

8/31/2023

DeFi Deposits on Base Soar as Yield Farmers Plant Aerodrome Harvest - Decrypt

The total value deposited into DeFi contracts on the Base network reaches an all-time high of $301.2 million due to liquidity mining incentives on the Aerodrome decentralized exchange, while lending protocols like Aave on the Ethereum layer-2 see scarce liquidity.