What is iAERO?
iAERO is a liquid staking derivative protocol built on top of Aerodrome Finance's veAERO system.
The Problem
Traditional veAERO locking requires users to choose between:
Liquidity - Keeping AERO liquid but earning no voting rewards
Rewards - Locking AERO for up to 4 years but losing access to capital
The Solution
iAERO solves this dilemma by:
Pooling deposits into a protocol-owned vault
Permanently locking veAERO positions for maximum voting power
Issuing iAERO tokens as liquid receipts for deposits
Distributing rewards to iAERO stakers
How It Works
Key Components
PermalockVault: Manages veAERO NFTs and deposits
iAERO Token: 1:1 receipt token for AERO deposits (minus fees)
LIQ Token: Bonus emission token with halving schedule
StakingDistributor: Handles reward distribution to stakers
RewardsHarvester: Claims and processes Aerodrome rewards
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