Dromos Labs, the developer of Aerodrome on Base and Velodrome on OP Mainnet, is folding Aerodrome and Velodrome into a single onchain spot exchange called Aero. The new venue runs on Ethereum mainnet, Base, OP Mainnet, Arbitrum, Robinhood Chain, Ink and Arc.

Existing AERO and VELO tokens migrate into a new AERO token, while locked veAERO and veVELO positions convert into sAERO. All revenue Aero earns goes back to AERO stakers.

In Q3, Aerodrome handled 58% of DEX volume on Base and Velodrome 60% on OP Mainnet.

The launch also ships Predictive Allocation for direct liquidity rewards, Metaswaps for cross-network trading and Slipstream V3 with dynamic fees and MEV capture. Migration ratios and timing for holders were not detailed in the announcement.