ME News reports that on October 10 (UTC+8), Aerodrome announced the token exchange terms and schedule for the merger with Velodrome. The merger will commence on October 21 at 20:00 Eastern Time, at which point token emissions from both legacy platforms will cease. Existing AERO tokens will be exchanged on a 1:1 basis for the new AERO, while each VELO token will be exchanged for approximately 0.044 AERO—a ratio applicable to both circulating and locked tokens. The VELO exchange rate is determined by the supply at launch; Aerodrome holders will receive 94.5% of the new supply, while Velodrome holders will receive 5.5%. According to DefiLlama data, as of October 9, the combined total value locked (TVL) across both platforms was approximately $422 million. The merger was announced in November 2025, with original plans by developer Dromos Labs to complete it in Q2 2026. The new model replaces the previous weekly voting cycle with real-time allocation: sAERO stakers can direct rewards directly to liquidity pools and earn a share of exchange revenue as it accumulates; initial allocation adjustments include a 47-hour cooldown period. Existing veAERO and veVELO positions will be converted into new sAERO positions, with remaining lock-up durations extended and rounded up to full weeks; permanently locked tokens will be converted to the maximum lock-up duration. Tokens will not be automatically exchanged; self-custodied assets must be processed via the upgrade portal on aerodrome.finance or velodrome.finance, requiring users to first claim rewards and rebase, and clear active votes. (Source: ChainCatcher)
Aero Announces Terms for the Aerodrome and Velodrome Merger, Launching on October 21
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Summary
Aero has released on-chain news confirming the merger of Aerodrome and Velodrome, set to launch on October 21 at 20:00 ET. Existing AERO tokens will convert at a 1:1 ratio, and VELO will exchange at 0.044 AERO. Velodrome holders will own 5.5% of the new supply. The combined TVL is $422 million. The new model introduces real-time allocation for sAERO holders. New token listings will follow the upgrade.
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