Binance has just launched its 48th launchpool project. So what is special about this project and what is its potential? Let's find out with Dong Lao Play Coin.
What is Aevo?
Aevo is a high-performance decentralized derivatives trading platform with a focus on options trading and perpetual contracts. The exchange operates on an EVM roll-up called Aevo Chain – a Layer 2 solution using the OP Stack toolkit. Aevo operates an offchain orderbook model and incorporates on-chain payments. This means that once the orders are matched, the transaction is executed and settled using smart contracts.
Outstanding points of AEVO
At present, Perp DEX is growing strongly with the significant increase of exchanges such as GMX, DYDX, GNS... However, Aevo has attracted attention and positive support from the community thanks to on the following special points:
High transaction performance: Using the OP Stack toolkit, Aevo's network is capable of processing Perpetual and Option transactions quickly, with processing speeds of up to 5,000 TPS and low transaction fees.
Product diversity: Aevo provides a variety of products such as Aevo Perp, Aevo Options, Aevo OTC, Portfolio... to help users flexibly choose and suit each person's investment strategy and style.
Friendly interface: The project has designed an interface to help users experience similar to CEX floor, with simple steps, easy to use, suitable for diverse audiences in the market.
aeUSD
Users can convert their USDC to aeUSD on Aevo without fees. aeUSD is an ERC-4626 asset built on the Aevo L2 platform, which is a combination of USDC and sDAI. aeUSD is an exchange-registered collateral asset with a 100% guarantee factor, allowing users, market makers and strategies to earn 4.75% APY yield on their exchange margin.
aeUSD yield is generated by depositing into Maker DAO's Dai Savings Rate (DSR) module, and receiving sDAI.
Road map
Q1 2024:
Launch and airdrop of $AEVO token
Q2 2024:
Launching Trading Promotion Program for users on Aevo Exchange
Ra mội Aevo Strategies
Launch of RFQ Platform for Spot and Derivatives Trading
Launch of $AEVO Staking
Q3 2024:
Trinity train Permissionless train Aevo L2
Building an Ecosystem for Aevo L2
Tokenomic
$AEVO is actually the governance token of the Ribbon Finance project, previously named $RBN, and was introduced in Ribbon Finance's latest governance proposal, RGP-33. This implies that the majority of the token distribution cannot be changed, $RBN is widely distributed in the market and has been allocated. However, the largest holder of the token is the DAO Treasury and this capital, is almost always there, unless used in the liquidity pools that support $RBN.
With AGP-1, the project proposes a more liquid and operable capital allocation to the Treasury, which will be converted into $AEVO at TGE.
So, such $RBN holders can convert their $RBN to $AEVO at a 1:1 ratio, requiring a 2-month lock-up.
AEVO proposes a fixed division of the 45% of $RBN that the DAO owns as follows:
Up to 16% $AEVO for Incentives (Including Airdrop), managed by Growth & Marketing team. . These tokens will be used in initiatives to popularize Governance tokens and attract more users/liquidity to the platform.
Up to 9% $AEVO for Token Liquidity, managed by the Treasury and Revenues Management Committee. These tokens will be used by the Commission to support $AEVO's liquidity on DEXes and CEXes.
Up to 5% $AEVO for Community Growth and rewards, managed by the Growth & Marketing Committee. These tokens will be used for community-related events and rewards.
16%: unrecorded/reserved for future DAO spending. Note: Aevo Project Contributor's 2% annual allocation will come from this section.
Tokenomic on Binance launchpool
Tên Token: AEVO (AEVO)
Total token supply: 1,000,000,000 AEVO
Launchpool token rewards: 45,000,000 AEVO (4.5% of total token supply)
Initial circulating supply: 110,000,000 AEVO (11% of total token supply)
Token utilities
With transaction fees on the exchange charged in ETH, $AEVO's role will focus solely on DAO governance.
As proposed, the project will transform into a DAO, allowing token holders to manage options and conduct perpetual trading, OTC trading, as well as existing structured products and Aevo L2 Rollup .
Development team and investors
Team:
Ribbon Finance's old development team has been taking over AEVO and developing them effectively.
Investors
Aevo has successfully raised $16.6 million in capital through 3 rounds from large and reputable investment funds in the crypto market. These include Paradigm, Dragonfly Capital, Ethereal Ventures, Coinbase Ventures, Nascent, Robot Ventures, Scalar Capital and Alliance.
Dong Lao Play Coin's assessment of AEVO's potential
Derivatives trading and decentralized options are an extremely valuable piece of cake that everyone wants to win in the crypto market.
In terms of options trading alone, AEVO is the leading name in the market with trading volume figures that are far superior to the name behind it, Lybra Finance. It's almost like AEVO is absolutely dominating the options "playground".
Currently, the platform has a total asset value of about $90 million, ranking 8th among Derivatives/Options trading platforms on DeFiLlama. Proving that the project is not inferior to the names that dominate the derivatives segment in the market such as DYDX or GMX.
Nền tảng giao dịch này cũng ghi nhận sự tăng trưởng không ngừng, với tỷ lệ tăng hơn 68% trong 1 tháng qua. Với việc mới được niêm yết trên Binance Launchpool, AEVO đã cho thấy khả năng cạnh tranh cao trong giai đoạn sắp tới của thị trường.