AERODROME AND VELODROME MERGE INTO AERO, LIVE ON 7 NETWORKS

Summary from the TLDR Crypto newsletter

Aerodrome and Velodrome merged into Aero on October 21, going live across seven networks including Ethereum, Arbitrum, and Robinhood Chain under a single AERO token. The protocol conducted no token sale and took no venture backing. The full upgraded supply was distributed to existing AERO, veAERO, VELO, and veVELO holders, split 94.5% to the Aerodrome community and 5.5% to Velodrome, weighted by each protocol's share of combined revenue over the prior 52 weeks. All exchange revenue flows to sAERO stakers, who allocate AERO rewards to liquidity markets, while LP incentives are capped to a multiple of projected pool revenue so uncapped tokens go unminted. The combined protocol has distributed over $580 million to stakers since inception, and ships Slipstream V3 concentrated liquidity with MEV recapture and metaswaps that bridge, route, and swap in a single transaction.