AERO · weekly emissions, decaying by design.
AERO is the token of Aerodrome, the leading DEX on Base — uncapped supply, ~951M circulating, vote-lock model.
Sell pressure. Weekly gauge emissions, stepping down ~1% per epoch — about 26M AERO / 90D reaching the float; roughly half of each mint lands pre-locked for 4 years.
Buy pressure. No buyback, no burn — 100% of protocol fees go to vote-lockers as fee-share, which rewards holding but removes nothing from supply.
Net. Steady incentive inflation — new supply to market is ~+2.7% over 90 days, drifting lower each epoch by design.
Weekly epoch emissions to liquidity gauges — about 26M AERO / 90D reaching the float at the current decaying rate (the curve started at 10M/week and steps down ~1% per epoch). Roughly half of each epoch's total mint lands directly in 4-year locks as the anti-dilution rebase and never hits the market.
No team or investor cliff schedule is active; genesis allocations distributed at launch in 2023.
No foundation treasury with discretionary deploy observed; emissions are the only supply route. Monitored.
No bankruptcy estate distributes AERO.
No buyback — 100% of protocol fees flow to voters as fee-share, not into AERO purchases.
No burn mechanism.
No accumulation programme.
Voluntary 4-year vote-locks absorb a large share of supply, but locking is demand-side behaviour, not a protocol-enforced lock with an announced quantum — monitored, not booked.
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