Why @AerodromeFi LP isn't optimal for every project? Why are we migrating $HEU liquidity to Uniswap? TLDR: AERO's emission mechanism creates excess liquidity when you don't need it, dampening natural price discovery and momentum. This effect is particularly noticeable for small to medium cap projects. Let's dive in: 1. The fundamental challenge AERO emission rates depend on trading fees with a delay: fees generated this week become bribes next week, driving increased AERO emissions from T+1 to T+2 weeks. Ideally, you want deep liquidity during high volume periods and less during quieter times to maintain healthy price discovery. This delayed emission creates a mismatch between liquidity supply and actual demand. When high emissions attract farmers who concentrate liquidity around current prices, it artificially suppresses volatility and momentum, making active traders go away. 2. What we've observed over the past month $HEU trading volume comes in waves. We've seen multiple days exceeding $1M in volume. However, 1-2 weeks after these volume spikes (which generated substantial fees), AERO emissions elevated even as volume decreased. This resulted in liquidity farmers clustering positions in narrow ranges. At peak, over $80k in liquidity concentrated within ±2% of spot price, creating an artificial ceiling and floor. The HEU/WETH chart flatlined. Volatility-seeking traders left when they found the price wasn't moving. Volume dried up further. 3. What this means for $HEU moving forward We're executing a gradual migration from Aerodrome to Uniswap on @base. Both liquidity pools will coexist, but traders can increasingly expect better execution on Uniswap. For optimal trades, we recommend aggregators like @1inch @KyberNetwork @matchaxyz Remember: $HEU is also available on @zksync (@PancakeSwap), @Gate_io @MEXC_Official with more listings in the pipeline. We recognize that liquidity farmers and veAERO voters have sold their $HEU in recent weeks. As a strategic response, we're deploying protocol treasury and revenue for buybacks during the migration to establish strong price support around the current level. The migration unlocks $HEU's price discovery potential. Get ready for the next chapter.