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Apps / Aerodrome V1 / Alternatives

Alternatives to Aerodrome V1

8 comparable lp apps to consider in place of Aerodrome V1, ranked by value held. The largest is Sky Lending — but the right pick depends on your chain and risk tolerance.

Decentralized exchange — earn fees by helping other people swap tokens.

Ranked by value held

Comparable apps to Aerodrome V1

1.
Sky Lending Lp

Decentralized exchange — earn fees by helping other people swap tokens.

Value held: $5.9 B Best yield: 3.65% Audits: 2
2.
Ethena Usde Lp

Decentralized exchange — earn fees by helping other people swap tokens.

Value held: $4 B Best yield: 3.74% Audits: 2
3.
Pancakeswap Amm Lp

Decentralized exchange — earn fees by helping other people swap tokens.

Value held: $1.8 B Audits: 2
4.
Uniswap V3 Lp

Decentralized exchange — earn fees by helping other people swap tokens.

Value held: $1.8 B Best yield: 23.42% Audits: 2
5.
Curve Dex Lp

Decentralized exchange — earn fees by helping other people swap tokens.

Value held: $1.7 B Best yield: 22.64% Audits: 2
6.
Gauntlet Lp

Decentralized exchange — earn fees by helping other people swap tokens.

Value held: $1.5 B
7.
Compound V3 Lp

Decentralized exchange — earn fees by helping other people swap tokens.

Value held: $1.3 B Best yield: 3.25% Audits: 2
8.
Venus Core Pool Lp

Decentralized exchange — earn fees by helping other people swap tokens.

Value held: $1.2 B Best yield: 5.90% Audits: 2

Frequently asked

Switching from Aerodrome V1 — common questions

Why might I look for an alternative to Aerodrome V1? +
Common reasons: better rates on a sister app, fewer chain dependencies, smaller smart-contract surface, or simply diversification. Concentration risk in a single protocol — no matter how well-known — is a real category of loss.
Are alternatives to Aerodrome V1 safer or riskier? +
Same category usually means similar risk shape but different code. A smaller alternative may have less audit history; a larger one may have more attack surface. Compare value held + audit count, and don't move funds to a protocol you can't quickly summarise.
Is it costly to switch from Aerodrome V1? +
You'll pay gas to exit and re-enter, plus any spread or unbonding delay. For LP and lending positions, accumulated rewards or withdrawal queues add friction. Calculate the break-even rate gap before moving.
How do I choose the right alternative? +
Match category first, then chain (you don't want to learn a new chain just for yield), then size (bigger usually safer), then rate. The 'best' alternative is the one whose risks you understand.