VELODROME is merging into AERO—don't mistake the two timelines for the same date
On October 16, Binance announced support for the merger of VELODROME into AERO, along with an AERO contract swap. The easiest detail to miss is that the project launch and the exchange's processing won't happen on the same day.
The project team has set the Aero launch for 8:00 a.m. Beijing time on October 22. On Binance, trading for VELODROME spot trading pairs will stop at 11:00 a.m. on November 3. Deposits and withdrawals for VELODROME and AERO will be suspended half an hour later. Existing AERO spot trading won't be affected. Using one of these times to make assumptions about all accounts could easily lead to mistakes.
The swap ratios are also different: 1 VELODROME will be swapped for 0.044 new AERO; old AERO will be swapped for new AERO at a 1:1 ratio. For example, 1,000 VELODROME corresponds to 44 AERO. This is only a calculation of the number of tokens—you can't interpret it directly as a 95.6% loss in asset value, nor does it mean you'll profit after the swap. Asset value also depends on the number of tokens received and their market price.
Behind this change, Aerodrome and Velodrome are preparing to unify as Aero. The project team aims to bring liquidity coordination into a more unified system. Whether it actually works better will depend on how it's used after launch; the merger announcement itself can't guarantee the outcome.
The first thing holders should clarify is whether their tokens are on an exchange or in their own on-chain wallet. Binance says it will handle the relevant technical work; on-chain assets held in self-custody will follow the project's own upgrade process. Don't assume all holdings are in the same situation just because you see a “migration portal.”
Going forward, I'll be watching three things: whether the exchange updates its schedule, when deposits and withdrawals resume, and whether liquidity and actual usage pick up after launch. In particular, the announcement says the resumption time for deposits and withdrawals will be announced separately, so don't guess.
When you hear about a project merger, what do you focus on first: the swap ratio, or what the new system might bring?
Sources: Official Binance and Aero announcements, checked October 17; the schedule above applies to spot trading—check the announcements separately for other products
https://www.binance.com/en/support/announcement/detail/a88495062d5947e895999cf73fa8bce1
https://aero.xyz/aero-upgrade/
#AERO #VELODROME #DeFi
On October 16, Binance announced support for the merger of VELODROME into AERO, along with an AERO contract swap. The easiest detail to miss is that the project launch and the exchange's processing won't happen on the same day.
The project team has set the Aero launch for 8:00 a.m. Beijing time on October 22. On Binance, trading for VELODROME spot trading pairs will stop at 11:00 a.m. on November 3. Deposits and withdrawals for VELODROME and AERO will be suspended half an hour later. Existing AERO spot trading won't be affected. Using one of these times to make assumptions about all accounts could easily lead to mistakes.
The swap ratios are also different: 1 VELODROME will be swapped for 0.044 new AERO; old AERO will be swapped for new AERO at a 1:1 ratio. For example, 1,000 VELODROME corresponds to 44 AERO. This is only a calculation of the number of tokens—you can't interpret it directly as a 95.6% loss in asset value, nor does it mean you'll profit after the swap. Asset value also depends on the number of tokens received and their market price.
Behind this change, Aerodrome and Velodrome are preparing to unify as Aero. The project team aims to bring liquidity coordination into a more unified system. Whether it actually works better will depend on how it's used after launch; the merger announcement itself can't guarantee the outcome.
The first thing holders should clarify is whether their tokens are on an exchange or in their own on-chain wallet. Binance says it will handle the relevant technical work; on-chain assets held in self-custody will follow the project's own upgrade process. Don't assume all holdings are in the same situation just because you see a “migration portal.”
Going forward, I'll be watching three things: whether the exchange updates its schedule, when deposits and withdrawals resume, and whether liquidity and actual usage pick up after launch. In particular, the announcement says the resumption time for deposits and withdrawals will be announced separately, so don't guess.
When you hear about a project merger, what do you focus on first: the swap ratio, or what the new system might bring?
Sources: Official Binance and Aero announcements, checked October 17; the schedule above applies to spot trading—check the announcements separately for other products
https://www.binance.com/en/support/announcement/detail/a88495062d5947e895999cf73fa8bce1
https://aero.xyz/aero-upgrade/
#AERO #VELODROME #DeFi