Aerostrategy: veAERO accumulation protocol on Base

Last updated:

What is Aerostrategy?

Aerostrategy is a protocol on Base that accumulates veAERO, the vote-escrowed AERO token of the Aerodrome DEX. A fee on $AEROSTRAT buys and sells (currently 10%) funds purchases of veAERO, which the protocol votes on Aerodrome every epoch. The voting rewards are used to buy back and burn $AEROSTRAT. They are not paid out to holders.

How is $AEROSTRAT different from locking AERO into veAERO yourself?

Locking AERO yourself on Aerodrome gives you veAERO and its voting rewards directly, but your AERO is locked (for up to four years, or permanently) and you manage your own votes. $AEROSTRAT is a tradable token: you don't lock or vote, and you receive no voting rewards. Instead, fees from $AEROSTRAT trades buy veAERO for the protocol's treasury, and the treasury's voting rewards buy back and burn $AEROSTRAT. Burns depend on trading volume, veAERO prices and Aerodrome voting rewards, all of which can fall, and burning supply does not support or guarantee the token's price.

How Aerostrategy works

As of October 2026:

  1. Trading fee: a fee, currently 10%, is charged on $AEROSTRAT buys and sells through its main pools. The fee is sold for AERO: 80% of it (8% of the trade) funds veAERO purchases, and 20% of it (2% of the trade) goes to the Aerostrategy team multisig for marketing and operations.
  2. veAERO buys: the protocol buys veAERO NFTs, mainly on Vexy, when it has enough AERO and a listing is priced below the amount of AERO locked inside it. Purchases are irregular, from days to weeks apart.
  3. Voting: the treasury's veAERO votes on Aerodrome every epoch (weekly). Voting is automated by 40acres.
  4. Burn: 40acres claims the voting rewards and converts them to USDC. All of it is used to buy back $AEROSTRAT, which is burned in daily tranches.

What do $AEROSTRAT holders own?

$AEROSTRAT gives holders no ownership of, claim on, or right to redeem the treasury's veAERO or its rewards. The treasury and the protocol's contracts are managed by the Aerostrategy team. Nothing on this page is investment advice. See the terms of service.

Key facts