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Aerodrome

Aerodrome

AuditedVerifiedBlue Chip

Aerodrome is Base's dominant decentralized exchange — a ve(3,3) Velodrome fork combining a Solidly-style AMM (v1) with a Uniswap-v3-style concentrated liquidity AMM (Slipstream), governed by veAERO voting that directs weekly emissions.

DEXBaseTVL: $391.8MLast updated: Sep 16, 2026
Risk Rating
AA
Safety Score
89

Risk Profile Overview

Overall Rating
(89/100)
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Score history

Re-checked monthlyNo net change

This rating is re-checked every month. A point is recorded for every check, so a flat line means we looked and nothing moved. Hover anywhere on the chart to see what moved that month, and by how much.

95
89
83
Aug 2026SepOct

The Problem

Base needed a deep, capital-efficient liquidity hub. Generic Uniswap-v2 forks bleed liquidity to mercenary farms and lack a mechanism for protocols to bid for sticky LP capital.

The Solution

ve(3,3) voting routes AERO emissions to pools chosen weekly by veAERO voters, while 100% of those pools' trading fees flow back to the same voters — aligning LPs, traders, voters, and partner protocols.

Why it Matters

Dominant DEX on Base by TVL, volume, and fees. Combines a classic Solidly AMM with the Slipstream concentrated-liquidity engine, and is the largest source of veNFT-aligned bribe markets on the network.

Protocol Metrics

TVL Trend
$391.79M

Related Research

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No related analysis articles found for Aerodrome.

Frequently asked questions about Aerodrome

What is Aerodrome?+

Aerodrome is a DEX protocol operating on Base. Aerodrome is Base's dominant decentralized exchange — a ve(3,3) Velodrome fork combining a Solidly-style AMM (v1) with a Uniswap-v3-style concentrated liquidity AMM (Slipstream), governed by veAERO voting that directs weekly emissions.

How does Aerodrome work?+

ve(3,3) voting routes AERO emissions to pools chosen weekly by veAERO voters, while 100% of those pools' trading fees flow back to the same voters — aligning LPs, traders, voters, and partner protocols.

Is Aerodrome safe?+

DeFi Sentinel rates Aerodrome AA with a safety score of 89/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Aerodrome has 3 audits on record. DeFi Sentinel's analysis flagged 1 high, 3 medium, 1 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization and Sustainability & Competitive Position. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.

What is the safety score of Aerodrome?+

Aerodrome has a DeFi Sentinel safety score of 89/100 (rating AA), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).

Which chains does Aerodrome support?+

Aerodrome is deployed on Base.

Has Aerodrome been audited?+

Yes. Aerodrome has 3 audit reports on record from firms including Spearbit, ChainSecurity, ChainSecurity. Audit reports and dates are linked under the Resources tab on this page.