In Sept '25, $AERO Revenue > Emissions which means positive net value accrual to token holders. One of the criticisms of @AerodromeFi was the amount of emissions for locked veAERO holders. @wagmiAlexander and team have been able to build a business where amount of fees from users that goes to locked veAERO holders and tokens burn > rewards / emissions to LPs. Congrats. We're shifting towards a world beyond the revenue meta and into revenue less emissions for sustainable long term growth that benefit token holders.