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iAero Protocol Launches Token Sweeper Application, Announces LIQ Distribution Campaign.
iAero Protocol, a liquid staking platform on Base, has introduced a new tool called Token Sweeper. This tool allows users to swap multiple tokens in one single transaction. Along with this new tool, iAero also announced Season 1, a six-month campaign where 5% of the total LIQ token supply will be given to users who stake iAERO tokens.
iAero Protocol lets users deposit AERO or veAERO tokens and receive liquid iAERO tokens in return. This allows users to keep earning Aerodrome voting rewards while still being able to move their tokens easily when needed.
Unlike other systems that require users to lock up their tokens for a long time to earn rewards, iAero lets users stake their tokens without any lock-up period. This means users can unstake their tokens at any time, without paying extra penalties.
The protocol distributes 88% of its revenue to users who stake iAERO and LIQ tokens. The revenue comes from various sources like Aerodrome voting rewards, bribe payments, and trading fees. Right now, the protocol gives around 35% annual return (APR) from the revenue, which means users earn rewards from staking their tokens.
Token Sweeper helps users manage their wallets by letting them swap multiple tokens all at once. This is useful for people who have collected tokens through airdrops, yield farming, or trading. With Token Sweeper, users can:
Swap multiple tokens into USDC or WETH (two common stablecoins) in just one transaction
Access over 100 DEXs (decentralized exchanges) to get the best deals
Automatically filter out spam tokens using an updated list of bad tokens
Simulate transactions before making them, so they can see what will happen before they do it
Token Sweeper works across nine different networks: Base, Ethereum, Arbitrum, Optimism, Polygon, BNB Chain, Avalanche, Scroll, and Linea. The protocol charges a 0.05% fee on each transaction made.
Season 1 of the rewards campaign will give one point for every iAERO token staked per day, over six months. At the end of the season, 5% of the total LIQ token supply will be distributed to users based on how many points they’ve earned. A public leaderboard will track everyone’s progress.
This campaign is designed to reward people who stake their tokens for a long time, but it’s also set up so new participants can join at any time during the six months.
iAero Protocol collects user deposits and manages them as a shared veAERO position on Aerodrome, the main decentralized exchange (DEX) on the Base network. This allows smaller investors to earn the same rewards that usually go to large holders of veAERO tokens.
Base, developed by Coinbase, is a well-known Layer 2 network for Ethereum. Aerodrome processes a lot of trades each day, bringing in fees for those who hold veAERO tokens. iAero Protocol makes it easy for users to get access to these fees by allowing them to stake iAERO and earn from this yield stream.
iAero Protocol is live at iaero.finance. You can access Token Sweeper at sweeper.iaero.finance. More details can be found in their documentation at docs.iaero.finance.
iAero Protocol is a platform that lets users earn Aerodrome voting rewards without needing to lock up their tokens. The protocol pools user deposits together to manage a veAERO position, and it distributes 88% of the revenue back to users who stake iAERO and LIQ tokens. iAero Protocol is built on Base and is focused on providing yield generation combined with DeFi infrastructure to help users make the most of their investments.
iAero Protocol
Email: iaero@iaero.finance
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