What is Aevo?
Aevo is a high-performance decentralized derivatives exchange (DEX) specializing in options and perpetual contracts. Launched in June 2023 by the team behind Ribbon Finance, Aevo offers a robust trading platform that combines off-chain order matching with on-chain settlement. This hybrid approach provides the speed and efficiency of centralized exchanges while maintaining the security and transparency of blockchain technology.
Aevo operates on a custom Layer 2 (L2) rollup built using the Optimism stack, which allows it to achieve high throughput and low latency, handling over 5,000 transactions per second. This architecture leverages Celestia for data availability, reducing fees and improving the overall trading experience for users.
One of Aevo's standout features is its Pre-Launch Futures product, which enables traders to speculate on the value of upcoming token launches before they hit the market. This product has been particularly popular, driving significant trading volume and user engagement.
The platform's native token, AEVO, serves multiple functions including governance and staking. AEVO holders can participate in protocol governance, receive transaction fee discounts, and benefit from the trader reward program. The tokenomics of AEVO have been designed to support platform growth, liquidity, and community engagement, following a recent rebranding and merger with Ribbon Finance.