AERO
The ve(3,3) token powering Aerodrome emissions & governance.
Emissions schedule
AERO follows a three-phase ve(3,3) monetary policy.
1
Take-off
Epochs 1–14: weekly emissions grew +3% per epoch from an initial 10M AERO.
2
Cruise
After epoch 14: emissions decay −1% per epoch until weekly drops below 9M AERO.
3
Aero Fed
Once under 9M/week, veAERO voters govern monetary policy each epoch — adjust ±0.01% of supply, capped at 1%/week.
veAERO locks
Lock AERO for up to 4 years to mint a veAERO NFT. Voting power is linear with lock time (100 AERO locked 4yr = 100 veAERO; 1yr = 25). Auto-Max-Lock pins it at 4yr so power never decays.
Rebases & anti-dilution
veAERO holders receive a weekly rebase that offsets emission dilution, scaled by how much of total supply is locked. Voters also collect 100% of the fees and incentives from the pools they vote for.