# FAQs

## Getting Started With Aerodrome’s veAERO and the Vexy Marketplace

New to the veAERO market? We’ve answered some of the most commonly asked questions about Aerodrome (AERO) locking and veAERO below to help you get started.

If your question isn’t answered below, feel free to reach out to the team via our vexy.eth or vexy.base.eth ENS domains. You can also get in touch with the team on Discord: <https://discord.gg/vexy>

### Where Can I view Aerodrome veNFT Listings?

You can view Aerodrome veNFT listings on the Vexy marketplace [homepage.](https://vexy.fi) Vexy aggregates veAERO listings from multiple sources, letting you view nearly all veAERO listings that are currently for sale.

### What are Aerodrome NFTs (veAERO)?

Aerodrome NFTs represent a users’ locked AERO and voting power. Vote-escrowed NFTs (veNFTs) follow a similar model to veTokens, such as veCRV, where a user’s voting power is a function of the amount of tokens locked and the lock’s duration.

### How Liquid is veAERO?

Want to lock AERO but unsure whether you can sell your veAERO position? Vexy’s marketplace makes it easy to sell veAERO. Based on historical volume, veAERO holders can sell their tokens within 24 hours at competitive discounts (10% to 35% depending on lock size). You can view [historical sales data](https://vexy.fi/) to get an idea of what discount rate your veAERO would sell for.

### How Does Aerodrome fund veAERO Staking Rewards?

Aerodrome staking rewards are generated from Aerodrome’s trading fees. To receive staking rewards, AERO holders must lock AERO for veAERO (Aerodrome’s veNFT). veAERO is an ERC-721 non-fungible token that represents a users’ locked AERO and grants governance rights over the protocol.

### How Can I Buy veAERO Using Offers?

Vexy’s offers feature lets you buy veAERO at your preferred discount rate. Navigate to the “make offer” section of Vexy’s marketplace, set your discount rate and budget, and confirm the offer in your wallet. Once placed, any veAERO holder with a qualifying NFT can sell into your offer.

Note that veAERO cannot be split, so offers with small budgets are unlikely to be filled. We recommend you place offers with a minimum of 1,000 AERO at a competitive discount rate to get your order filled quickly.

### How Long Will It Take for My veAERO Offer to be Accepted?

The time it takes for your veAERO offer to be accepted depends on how competitive your offer is. Competitive offers for smaller budgets require smaller discount rates, while users with larger budgets could get their offers filled at higher discount rates. You can view [historical sales data](https://vexy.fi/) on the Vexy marketplace to get an idea of what kinds of offers will get accepted.

Your veAERO offer will be valid for 60 days and can be cancelled at any time.

### How Can I Stake AERO for veAERO?

You can stake AERO for veAERO on the [Aerodrome dapp.](https://aerodrome.finance/locks) By staking AERO for veAERO, you can earn Aerodrome trading fees and vote on which pools receive AERO incentives. Alternatively, users can purchase veAERO on Vexy to acquire locked AERO at discounted pricing.

### How do veAERO Dutch Auctions Work?

veAERO holders can use Dutch auctions to help get the best price for their veNFTs on Vexy’s marketplace. Dutch auctions gradually lower your veAERO discount rate over a set period of time until your veAERO is sold. This helps you get the highest price for your veAERO while allowing you to sell your position quickly.

### How Can I get In Touch With the Vexy Team?

You can get message the Vexy team in the Vexy Discord (<https://discord.gg/vexy>), or you can reach out to us on DeBank using the vexy.eth or vexy.base.eth ENS domains.
