
TradFi’s best companies use free cash flow to buy back their own stock. $AERO is doing the same thing, just onchain. $12M in buybacks YTD, funded by protocol fees. On top of that, veAero holders are earning ~13.1% yield. That puts the math at: 5.5% annualized buyback yield 13.1% cash yield 18.6% total return to holders ggs. well played.
