AerodromeAERO becomes collateral for fixed-rate borrowing on Tenor OTC
AERO can now be used as collateral for fixed-rate borrowing through Tenor OTC. The integration lets AERO holders access loans against their tokens without selling, expanding the token's utility beyond liquidity provision and staking on Aerodrome.
- Tenor OTC provides over-the-counter fixed-rate lending, allowing borrowers to lock in rates on loans backed by AERO.
- The move adds a new financial use case for AERO as Aerodrome continues to build out the token's role across DeFi.
No further details on loan-to-value ratios or available terms have been disclosed at this time.
Aerodrome
Aerodrome Finance is a next-generation AMM designed to serve as Base's central liquidity hub, combining a powerful liquidity incentive engine, vote-lock governance model, and friendly user experience. Aerodrome inherits the latest features from Velodrome V2. Aerodrome NFTs vote to distribute token emissions and receive incentives and fees generated by the protocol.
