FORTY_ACRES_AERO_HISTORY_NOTE

Documentation for eth_defi.vault.flag.FORTY_ACRES_AERO_HISTORY_NOTE data.

FORTY_ACRES_AERO_HISTORY_NOTE = "#### Reserve exhaustion and collateral migration\n\nIn its [30 March 2026 lender update](https://40acresfinance.substack.com/p/40-acres-lender-update),\n40acres reported that a $3.3 million withdrawal outflow exhausted available\nUSDC reserves, leaving remaining lenders dependent on loan repayments. The\nupdate did not identify individual affected pools, so it does not establish\nthe outflow's allocation between vaults.\n\nThe same lender update announced secondary markets for vault shares. These\ndo not guarantee a buyer, an exit price or enough liquidity for a depositor\nto sell their shares.\n\nThe [8 October 2026 migration announcement](https://40acresfinance.substack.com/p/aero-migration-what-40acres-users)\nsaid Aerodrome and Velodrome borrowers' collateral would migrate to sAERO,\na staked AERO position held in borrower portfolio accounts on Base, with\nits rewards continuing to repay loans. The stated three-to-five-day delay\nfor Velodrome borrowers withdrawing collateral after repayment is **not a\nwithdrawal timetable for USDC lenders**.\n"

Team-reported reserve exhaustion and subsequent collateral migration.