Aevo is a decentralized derivatives exchange focused on options and perpetual trading. The DEX runs on Aevo L2, an Ethereum roll-up based on the OP Stack.
Aevo’s native token has the following utility:
Governance: Aevo token holders can vote on network upgrades, new listings and on general DAO governance
Staking: Users that stake Aevo tokens will get discounted trading fees on the Aevo exchange and boosted rewards on Aevo’s trader reward program
The protocol consists of the following major components working in conjunction:
Aevo L2: Aevo Exchange runs on the Aevo L2 chain, an Ethereum roll-up based on the OP Stack
Aevo Exchange: Orders on Aevo Exchange are sent to the off-chain orderbook, but are settled on the Aevo L2 chain.
The project has raised $16.6M across 3 rounds.
Seed Round: 10% of FDV at $18.5M valuation
Series A: 4.62% of FDV at $130M valuation
Series A+: 3.5% of FDV at $250M valuation
On March 13rd 2024, the max supply of AEVO will be 1,000,000,000 tokens and the circulating supply will be 110,000,000 tokens.
Key metrics: (as at March 13rd, 2024)
1. What is Aevo?
Aevo is a decentralized derivatives exchange platform, focused on options and perpetual trading. The DEX runs on Aevo L2, an Ethereum roll-up based on the OP Stack.
1.1. Project Mission & Value Proposition?
Project mission
Build a DeFi super-app, starting with derivatives trading.
1.2. Existing Products
Perps Trading (60+ markets)
Pre-Launch Trading
Options Trading
2. Technical Infrastructure
Aevo Exchange is built on the Aevo L2, which is an Ethereum roll-up. The Aevo L2 is based on the OP Stack, and currently uses Conduit to run the infrastructure. Aevo L2 currently uses Celestia for Data Availability, reducing the cost for users to use the chain.
3. Token sales and economics
3.1. Token Distribution
Note: AEVO is built by the team that launched Ribbon Finance. As such $RBN holders are able to convert their $RBN to $AEVO at a 1:1 rate, which requires a 2-month lockup. $RBN will follow the original vesting schedule.
3.2 Token Release Schedule
Private Sale Investors (Seed and Series A) and Team’s $RBN tokens will fully vest by May 2024
$RBN Holders may convert $RBN to $AEVO at a 1:1 rate, with a 2 month lock-up period
$AEVO currently has no emissions, but the DAO has allocated 16% of FDV for future user and ecosystem incentives. This is expected to be spent over 4 years
4. Roadmap & Updates
4.1 Completed Milestones
4.2. Current Roadmap
Q1 2024:
Launch and airdrop $AEVO
Q2 2024:
Launch Trading Incentives for Aevo Exchange Traders
Launch Aevo Strategies
Launch spot and derivatives RFQ Platform
Q3 2024:
Permissionless Deployments on Aevo L2
Ecosystem Building for Aevo L2
4.3. Commercial and Business Development Progress
Partnered with Socket to support cross-chain deposits and withdrawals.
Partnered with Conduit to support the Aevo L2 chain.
Partnered with Celestia to support Data Availability for Aevo L2.
5. Community