Can someone explain me what happens in Aerodrome?

hello, in last months i monitor the base liquidity pools WETH/USDC in Aerodrome and Uniswap.

In Uniswap the 0,3% fee tier pool has 80-90 millions TVL and 12-15 millions volume.

In Aerodrome the pool has 12-13 millions liquidity and 50 to 120 millions volume.

if you put the same capital and same range both pools give the same rewards.

How this is possible? Aerodrome should have at least X5 rewards. What are they doing? They give rewards to veAero stakers? why their fee tier is dynamic from 0,03 to 0,08% ?

Do they exploit the retail investors by applying JIT and LVR techniques for hedging and arbitraging?