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The mental gymnastics in Aerodrome revenue accounting is legendary
Please don’t fall for it
20 tuntia sitten
annoying accounting note:
- aerodrome "revenue" isn't a comp to other protocols, doesn't really make sense
- its more a comp to total payments on other DEXs, *inclusive of fees paid to LPs*
- this is bc all fees go to AERO + they pay LPs all in AERO issuance, runs very negative
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