Methodic
@0xmethodic
Since many have been asking about here's a TLDR of the @aerodrome model and how it will benefit the /degen community
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Methodic
@0xmethodic
Liquidity Providers receive AERO emissions Voters (veAERO holders) receive fees & incentives for the pools they vote on - these rewards for voters tend to generate 3-4X the value to LPs i.e. for every $1 in rewards for voters of the DEGEN pool $3-4 worth of AERO emissions get distributed to LPs veAERO = locked AERO
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Spaceman Spiff 🎩🍖
@spaceman-spiff
Thanks for the write up, I already aped in to the $DEGEN/weth pool because, well, I'm a Degen 😁 Still trying to understand the AERO tokens though. so veAERO is locked AERO. Is there any benefit to locking the AERO I receive from the LP past the voting rights?
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Methodic
@0xmethodic
Yes! You get 100% of fees generated by the pool you vote on as well as any incentives e.g there were DEGEN incentives this past week. Proportional to votepower of course!
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Methodic
@0xmethodic
In fact more than $2M USD worth of rewards were distributed to veAERO holders upon epoch change yesterday 👀 more fees and incentives = more rewards for veAERO holders
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