Aerodrome, Velodrome Merge Into Aero, Ending ve(3,3) Model

The shift from ve(3,3) voting to revenue-tied emissions is the structural story here: it moves the merged protocol away from token-incentive mercenary liquidity toward a model where emissions track actual fees, which changes the calculus for veVELO lockers and voters whose influence is being retired. The 1:0.044 conversion heavily favors Aerodrome holders, so the distribution of the new supply is as consequential as the mechanism change. Whether the revenue-linked design holds up across seven chains, including the less-proven venues, is the open question.