An exchange that hands its revenue back to the people who back its markets is a different kind of bet. @aeroxyz says Aero is built for high value onchain markets, and that 100% of the exchange revenue from those markets is continuously distributed to sAERO holders who support them. I'd read that as a plain trade: you back a market, and when it gets real activity, you share in the fees. I think that matters on @base because the chain is already busy. Base generated $2.56M in chain fees over the last 24 hours, according to DefiLlama, so there is real flow for a model like this to work with. It also puts the risk next to the reward. Back a quiet market and you earn little, which is the honest version of a fee share. I'm watching whether those high value markets keep their activity after the first rewards go out.