• 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)

Token Name

AEVO

Token Type 

ERC-20

Initial Circ. Supply When Listed on Binance

110,000,000 (11% of total supply)

Total Token Supply

1,000,000,000

Binance Launchpool Allocation

45,000,000 (4.5% of total supply)

Binance Launchpool Start Date

March 8, 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

Completion Date

Milestone

2023: Q2

Aevo Launches with ETH Options Trading

2023: Q3

Aevo Launches Perpetual Futures Trading

2023: Q4

  • Aevo Launches Pre-Launch Futures Trading;

  • Aevo Launches aeUSD Stablecoin;

  • Aevo reaches $100M Daily Trading Volume;

  • Aevo reaches $1B Daily Trading Volume

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