Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Aerodrome: The token release strategy will be determined by a vote from veAERO holders, permitted through AERO Fed

Aerodrome: The token release strategy will be determined by a vote from veAERO holders, permitted through AERO Fed

Bitget2024/12/05 09:16

On December 5, the Base Ecological Project Aerodrome announced that it will create the embedded AERO Fed in the original design at 08:00 on December 4, which allows the protocol to dynamically adjust the AERO release rate in the future. AERO Fed will allow veAERO holders to vote on Aerodrome's token release strategy, with voting available weekly through the Aerodrome user interface. The reason is that since Aerodrome was launched in 2023, the release rate of newly issued AERO tokens has been decreasing by 1% every week. As the release rate decreases, however, Aerodrome's Gas fees are gradually increasing. Officials stated that AERO Fed will replace existing emission schedules with a dedicated governance smart contract currently under review by ChainSecurity and Spearbit and offer three choices: increase total supply's weekly emission rate by 0.01%, decrease total supply's weekly emission rate by 0.01%, or keep it unchanged. The maximum emission rate is set at 1% of total supply per week and a minimum of 0.01% per week.
Foresight News notes that AERO Fed functions similarly to a management body with authority to slightly increase or decrease token emission rates (emission rates) during each epoch based on ever-changing market dynamics.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!