Aero schedules migration for 22 October UTC as legacy token rewards end

Aerodrome and Velodrome are scheduled to become Aero at 00:00 UTC on 22 October, equivalent to 20:00 EDT on 21 October. At this article’s research cutoff the transition remains ahead: upgrade portals and the new protocol are due to open as legacy token emissions stop.[1]

The hub says self-custodied holdings do not convert automatically, while each centralised exchange controls its own timetable. The upgrade is irreversible. Existing front ends are to remain available initially to support migration.[1]

Aero’s 19 October economics paper explains the commercial change for liquidity providers. They can keep pool fees, subject to the relevant deduction, or stake their liquidity positions to receive AERO rewards while the fees generated go to token operators. This separates compensation for supplying tradable liquidity from compensation for directing rewards.[2]

For fee-earning liquidity, the stated launch deduction is 0% on Ethereum Mainnet, Arbitrum and Robinhood Chain, and 5% on Arc, OP Mainnet, Ink and Base. These percentages apply to the fee stream, not to the capital deposited. For token-reward positions, leaving before the required minimum staking period forfeits rewards.[2]

A liquidity desk therefore has two linked tasks: completing the asset migration and deciding which remuneration model fits its expected holding period. A conversion ratio determines units received; it does not determine their market value or the return from supplying liquidity. Comparing realised fees, token rewards and the cost of unwinding positions will be more informative than comparing token counts alone.

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