Binance has confirmed the migration of VELODROME into AERO and the AERO contract swap: 1 VELODROME will be converted into 0.044 new AERO, while old AERO will be converted at a 1:1 ratio. $AERO Existing spot and perpetual trading will not be affected; the VELODROMEUSDT perpetual contract will be settled and delisted at 17:00 on October 28 (UTC+8), and spot trading will stop at 11:00 on November 3.
AERO’s total supply will increase from 2 billion to 2.12 billion, and its circulating supply from 1 billion to 1.07 billion. According to Binance public data at 07:36 (UTC+8), AERO spot was trading at 0.8794 USDT, down 5.68% over 24 hours; VELODROME spot was at 0.03858 USDT, down 4.60%. At the 0.044 conversion ratio, VELODROME implies an AERO price of about 0.8768 USDT, less than 0.3% away from AERO’s spot price. The market has largely priced in the conversion ratio.
I’m more focused on post-swap supply and liquidity, and wouldn’t treat platform support alone as an upside catalyst. AERO has rebounded just 1.57% over the last four complete hours, the 30-point window for OI by quantity is down 0.53%, and funding is near neutral. If the spread widens, first distinguish between a liquidity discount ahead of the cutoff and a repricing of AERO. Since the contract and spot trading stop at different times, avoid treating short-term deviations near the key dates as risk-free arbitrage.
AERO’s total supply will increase from 2 billion to 2.12 billion, and its circulating supply from 1 billion to 1.07 billion. According to Binance public data at 07:36 (UTC+8), AERO spot was trading at 0.8794 USDT, down 5.68% over 24 hours; VELODROME spot was at 0.03858 USDT, down 4.60%. At the 0.044 conversion ratio, VELODROME implies an AERO price of about 0.8768 USDT, less than 0.3% away from AERO’s spot price. The market has largely priced in the conversion ratio.
I’m more focused on post-swap supply and liquidity, and wouldn’t treat platform support alone as an upside catalyst. AERO has rebounded just 1.57% over the last four complete hours, the 30-point window for OI by quantity is down 0.53%, and funding is near neutral. If the spread widens, first distinguish between a liquidity discount ahead of the cutoff and a repricing of AERO. Since the contract and spot trading stop at different times, avoid treating short-term deviations near the key dates as risk-free arbitrage.