$AERO Token Rights
Updated Apr 20, 2026Overview
- Token(s)
- AEROveAERO
- Token Type
- GovernanceUtility
- Utility
- Liquidity Incentives
AERO is the governance and utility token of Aerodrome Finance, enabling holders to lock tokens as veAERO for voting on liquidity emissions, earning boosted rewards up to 2.5x through onchain vesting & allocations
Governance Rights
ControlveAERO holders direct gauge weights and liquidity incentives. Governance does not extend to protocol upgrades or core parameter changes, contracts are largely immutable.
Governance Decisions
veAERO holders vote on gauge weights to direct AERO emissions across liquidity pools each epoch.
Treasury Decisions
Aerodrome has no treasury. All trading fees are programmatically distributed.
Revenue Decisions
Protocol fees are directed by gauge voting. veAERO holders receive trading fees from the pools they vote for.
Fee Switch
ONProtocol fees are issued to veAERO holders, and programmatic buybacks are implemented
Resources
Foundation Multisigs / Addresses
Primary Value Accrual
Protocol Revenue ShareValue accrues through direct fee distribution plus programmatic AERO buybacks.
Equity Statement
100% of revenue flows to token operators. There are no team or investor unlocks.
Economic Rights
Value CaptureFees & protocol emissions are issued to veAERO holders, AERO is programmatically bought back and max locked
Buybacks
AERO is programmatically bought back and max locked using protocol revenue. Buybacks are automated, not discretionary.
Dividends
veAERO holders receive trading fees from staked LP positions in pools they voted for, plus emissions rewards proportional to their veAERO balance.
Burns
N/ANo burn mechanism is currently active
Ownership
- Fundraising
- None
- Equity Revenue Capture
- No
- Associated Entities
- Labs (DevCo)DAOFoundation
- Domain
- Foundation