The decentralized finance (DeFi) protocol Velodrome has revealed plans to merge the Aerodrome and Velodrome communities ahead of the launch of Aero. In this update, it’s noted that Velodrome’s social media handles and community engagement will gradually consolidate under the Aero brand.
Starting on September 10th, Velodrome’s @VelodromeFi X account will see reduced activity, with news, updates, and announcements shifting primarily to the @aeroxyz account. Concurrently, the Velodrome Discord server will be streamlined, retaining only essential channels, while all community interactions will move to the existing Aero Discord server.
This transition is set to have a direct effect on the $VELO token as well. Velodrome has indicated that trading of $VELO on Binance is slated to conclude this week as part of the preparations for Aero. Meanwhile, the public audit competition for Aero is expected to wrap up on September 21st.
In the wake of this announcement, $VELO experienced significant price fluctuations. On Binance, the $VELO/USDT trading pair briefly plunged from around $0.0268 to $0.0252 but quickly bounced back to approximately $0.0265.
*This is not investment advice.