Aerodrome Finance just turned on AERO token emissions for its MXNB/USDC liquidity pool, effectively paying people to provide liquidity for onchain transactions between the US dollar and the Mexican peso.
MXNB is a stablecoin pegged to the Mexican peso, issued by Juno, a subsidiary of Bitso. For anyone unfamiliar with Bitso, it’s one of the largest crypto exchanges in Latin America.
What AERO emissions actually mean for this pool
Liquidity providers who deposit MXNB and USDC into the pool now earn AERO token rewards on top of whatever trading fees the pool generates. You get paid twice for supplying liquidity: once from people actually swapping between the two assets, and again from the protocol’s emissions schedule.
The mechanics behind this are driven by Aerodrome’s veAERO governance model. Holders of veAERO, the vote-escrowed version of the AERO token, vote every week on which liquidity pools receive emissions. For every epoch, 100% of protocol fees generated by a pool are distributed to the veAERO holders who voted for that pool.
