Aerodrome is frequently criticized for emitting more than it earns.
But much of this supply is locked away and doesn’t reach the market.
Aerodrome pays for its liquidity in newly minted AERO, which used to be a fixed weekly amount. The AER Engine changes that by tying emissions to the fees each pool generates. Under this, spending moves with revenue rather than staying flat regardless of what the protocol earns.
It also matters where those emissions land. Nearly a quarter of total supply is permanently locked by the protocol, including the team, Flight School, and its aligned funds. Emissions that are re-locked into these positions don't reach the market.
However, the lock rate rises and falls as outside holders decide whether to stay locked when their positions expire. The protocol-controlled locked share never moves and sets a real floor. Everything above that floor is an assumption.
@Peter_Fitz Lets be honest though @Peter_Fitz . Renewables aren’t the cause of the current fuel issues, but they’re also not solving them.
Most of that investment is long-term. It doesn’t address immediate fuel supply constraints or the growing reliance on imported refined fuel.
@Peter_Fitz If we had balanced investment years ago and positioned more energy majors to remain vested in local refining vs importing then we wouldn't have the gaping exposure we have now with Asia.
It must be exhausting being a liberal.
One day you’re defending Somali daycare fraudsters.
The next day you’re defending a narco-terrorist communist dictator.
And it’s all driven by one thing:
their hatred of Donald Trump.
Excellent to hear that Birmingham is finally making a stand against ‘hostile vehicles’. These vehicles have been a problem for some time. Often at risk of radicalisation.
@colonelhogans Is it any different having weekly protests with death chants and known terrorist flags being waved under the guise of peace? Hypocrisy where one wants to see it. I think what people the majority would be protesting are the unsustainable levels of immigration vs immigration itself