Aerodrome Finance launches AERO emissions for MXNB/USDC pool

Aerodrome Finance turned on AERO token emissions for its MXNB/USDC liquidity pool on the Base network, paying providers both trading fees and protocol rewards [2]. The move makes the pool the first on‑chain corridor for the Mexican peso‑backed stablecoin MXNB, issued by Juno, a Bitso subsidiary, to trade directly against USDC.

Aerodrome’s vote‑lock governance model selects pools for emissions each week; veAERO holders voted the MXNB/USDC pair into the schedule, meaning 100 % of the pool’s protocol fees flow to those veAERO participants [2]. Liquidity providers now earn AERO tokens on top of the usual swap fees, effectively receiving two income streams for the same capital. The platform’s dual‑pool architecture separates stable‑asset pairs from volatile ones, and MXNB/USDC fits the stable‑pool category, limiting impermanent loss as both assets aim to maintain their fiat pegs.

The addition follows Aerodrome’s broader strategy to become Base’s central liquidity hub. Since its launch on August 28, 2023, the AMM has inherited features from Velodrome V2 and combines Curve, Convex, and Uniswap V2‑style mechanics to attract liquidity [1]. By enabling a region‑specific fiat stablecoin pair, Aerodrome signals confidence that Base is emerging as a preferred layer‑1 for institutional‑grade stablecoins in Latin America, echoing Bitso’s decision to deploy MXNB via Juno on the network.

For providers, the dual‑reward structure lowers the risk profile relative to volatile token pairs, but the newer MXNB stablecoin still carries peg‑stability risk tied to Juno’s reserve management. The real question now is whether the added AERO incentives will draw enough liquidity to sustain a robust USD‑MXN on‑chain market, and how veAERO voting dynamics will evolve as more pools compete for emissions.