LP Token Collaterals
BaseDollar accepts selected Aerodrome LP tokens as collateral in a special, segregated and capped branch.
How It Works
- LP tokens are staked in Aerodrome gauges for AERO yields
- Borrowers forfeit a percentage (~30-35%) of AERO farmed as interest
- No redemption for LP branches
- Aggregated stability pool (FsBaseD) for all LP liquidations (easier maintenance)
Accepted LP Tokens
sAMM (Stable) Pairs - 82.5% LTV
| LP Token | Current TVL | Current APR |
|---|---|---|
| wETH/msETH | $18.5M | 10.64% |
| msUSD/USDC | $10M | 12.71% |
| BaseD/USDC | $4M | 8.5% |
| BaseD/LUSD | $2M | 9.8% |
vAMM (Volatile) Pairs - 70% LTV
| LP Token | Current TVL | Current APR |
|---|---|---|
| USDC/AERO | $62M | 40% |
| USDC/ETH | $22.3M | 11.5% |
| wETH/WELL | $11.3M | 9.1% |
| VIRTUAL/wETH | $8.8M | 28.8% |
| wETH/cbBTC | $5M | 4.2% |
| wETH/AERO | $5M | 27.9% |
| VIRTUAL/cbBTC | $4.4M | 28% |
AERO Distribution
Protocol's ~30-35% AERO tax is distributed as:
- 80% → Protocol Owned Liquidity (POL)
- 10% → FsBaseD depositors
- 10% → BaseD token stakers
Borrowers keep the remaining ~65-70% of AERO rewards.
Key Differences from Standard Collaterals
- No redemption (LP branches protected)
- Interest via AERO farming (not user-set rate)
- Lower LTV (70-82.5% vs 85-90.91%)
- Impermanent loss risk
- Aggregated liquidation pool (FsBaseD) instead of individual stability pools
For more information: