Aerodrome liquidity pools deliver triple-digit APRs on tokenized stocks

  • Aerodrome liquidity providers earned triple-digit APRs from USDC-linked tokenized stock pools.
  • Four pools processed approximately $103 million in trading volume after launching.
  • B20 tokens represent Nvidia, Apple and Meta shares held in regulated custody.

Liquidity providers on Aerodrome, the dominant decentralized exchange on Base, are earning triple-digit APRs on USDC-linked pools for tokenized Nvidia, Apple and Meta shares, Base lead Jesse Pollak confirmed on September 22. The assets use a c suffix, including NVDAc and AAPLc, and are issued as B20 tokens backed one-for-one by actual shares held in regulated custody. The structure gives non-US users round-the-clock access to the equities while allowing the tokens to be lent, borrowed against, posted as collateral and used in automated DeFi (decentralized finance) strategies. Initial emissions APRs on Aerodrome ranged from roughly 29.6% to 49.5% in late August, while the NVDA/USDC pool recorded more than $11.2 million in 24-hour volume. Four pools processed approximately $103 million soon after launch. AERO token incentives and trading fees subsequently pushed returns above 100%, with concentrated liquidity allowing providers to target tighter price ranges and capture more fees per dollar. Revert.finance added staking, auto-compounding and collateralized borrowing tools. The model differs from earlier synthetic stock projects because each token is tied to a real, custodied share, although access remains limited to non-US users. The early trading volume suggests demand beyond incentive-driven liquidity farming and provides fee revenue alongside emissions.

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