Aerodrome paying $3.8m/month to veAERO holders at 3x less volume than uniswap. now forcing mandatory liquidity migration to arc-compatible pools before july 6. circle's arc chain launches in the same window that MiCA forces USDT delisting across every major EU exchange on july 1. USDC holds 66% of the euro stablecoin market with zero regulated competition. aerodrome isn't just deploying on arc as another chain. it's becoming the native liquidity layer for the only compliant institutional stablecoin settlement stack that exists. the migration is not optional. LPs either move to the new MEV-resistant pools or get left behind. predictive allocation replacing governance voting with programmatic fee-based routing is the mechanic that makes this work for allocators who won't touch emission-dependent yield. $400b cumulative volume on base was the proof of concept. arc is the product.