[Aerodrome Launches Slipstream V3 with Built-in Protocol-Level MEV Auction] According to a report by Crypto Briefing on September 25, Aerodrome's Slipstream upgrade has gone live. Its V3 version integrates a protocol-level 'internal MEV auction' within the concentrated liquidity AMM, reclaiming value captured by sandwich bots and arbitrageurs and redistributing it to active liquidity providers and sAERO token holders. The protocol estimates that this revenue could reach tens of millions of dollars. V3 also introduces a dynamic fee structure similar to peak-valley pricing, where fees automatically increase during heightened volatility, allowing LPs to earn more when impermanent loss risk is at its highest. Its concentrated liquidity design follows Uniswap V3, claiming capital efficiency up to 4,000 times higher than traditional AMMs. In terms of background, Aero is in the process of consolidating Aerodrome on Base and Velodrome on Optimism into a single AERO token, with plans to launch on the Ethereum mainnet in Q2 2026. Aero Lite has already launched Slipstream pools on Circle's Arc, and the development team at Dromos Labs is building pool-level fee rebates and KYC options for institutional clients.