Animoca Brands, a leading Web3 investor, has expanded into the DeFi space by purchasing and locking AERO tokens – the governance asset of Aerodrome Finance, a rapidly developing DEX on Base, Coinbase's Layer-2 blockchain. This move demonstrates Animoca's long term strategy to integrate DeFi infrastructure into its Web3 investment portfolio.
Aerodrome currently accounts for more than half of the total value locked (TVL) of Base, featuring a “vote-directed rewards” model that allows AERO holders to decide the flow of liquidity. Additionally, the AERO Ignition platform supports newly launched transparent token projects, chosen by many projects such as SyndicateIO and LitProtocol.
By participating in Aerodrome, Animoca is strengthening its position in the Base ecosystem and demonstrating its vision of connecting gaming, the metaverse, and DeFi, aiming for a comprehensive convergence of Web3 in the future.
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