Aerodrome and Velodrome to Merge Into Unified Platform Aero

Aerodrome Finance and Velodrome Finance are merging to form a single decentralized exchange platform named Aero. The consolidation, which was first announced in mid-November 2025, is scheduled to go live in October 2026.

The project aims to address fragmentation within Layer-2 ecosystems by creating a unified liquidity layer. By combining, the protocol intends to expand its addressable market from $7 billion to over $63 billion in total value locked. The platform will operate across Base, Optimism, and Ethereum mainnet, targeting chains that collectively handle $135 billion in monthly trading volume.

Aero will feature a single interface and a unified token. The protocol will integrate the existing ve(3,3) tokenomics used by both predecessors, allowing token holders to lock their assets to gain voting power and direct reward emissions across the network.

For current VELO holders, the transition involves a proposed conversion into AERO tokens. The current proposal suggests a ratio of 0.55 AERO for every 1 VELO, though this figure remains subject to change.

The merger seeks to solve the issue of liquidity being trapped on individual chains. By consolidating, the team hopes to provide liquidity providers with access to a broader range of fee-generating opportunities across multiple networks.

Traders and liquidity providers are monitoring the finalization of the conversion ratio and the structure of the combined voting system. The success of the platform will depend on how effectively it can capture liquidity across its supported chains once the integration launches in October 2026.