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About this Chart
Aerodrome: Buybacks
Tracks all AERO effectively removed from circulating supply each epoch, broken down by the five demand sources that make up the Momentum Fund ecosystem.
What counts as a buyback?
| Category | What it captures |
|---|---|
| Momentum Fund / PGF | Direct open-market AERO purchases using USDC from Foundation wallets. USD amount reflects exact USDC spent on-chain. |
| Flight School | All AERO deposited into the Flight School veNFT (token ID 10296), including the initial lock and weekly reward re-locks. Program ended epoch 137 (Apr 8, 2026). |
| veAERO Maxi | AERO transferred out of the veAERO Maxi AutoCompounder contract as it compounds voting rewards back into locked AERO. |
| Foundation Rewards | AERO claimed by Foundation-controlled wallets as voting rewards on their veNFT positions, recycled into the ecosystem. |
| Project Relays | AERO transferred from third-party project relay contracts (e.g. Moonwell, Reserve, Lido) as they auto-compound their own voting rewards. |
USD valuation
- Momentum Fund / PGF: exact USDC spent from the on-chain transfer
- All other categories: AERO amount × epoch-boundary AERO price (Thursday open)