Aevo is a high-performance decentralized exchange (DEX) specializing in derivatives trading, including options and perpetual contracts. Developed by the team behind Ribbon Finance, Aevo integrates off-chain order matching with on-chain settlement through a custom Layer 2 (L2) rollup based on the Optimism stack. This architecture enables transaction speeds exceeding 5,000 transactions per second with latencies under 10 milliseconds, delivering a centralized exchange (CEX)-like experience within the decentralized finance (DeFi) space. The platform supports trading of major assets such as Bitcoin (BTC) and Ethereum (ETH), offering perpetual contracts with leverage up to 20x.
A notable feature of Aevo is its Pre-Launch Futures, which allow traders to speculate on the value of tokens prior to their official launch, attracting significant trading volume. Additionally, Aevo issues aeUSD, a yield-bearing stablecoin pegged to USDC deposits placed with MakerDAO, providing users with an annual return of 4.75% even when not actively trading. This yield-generating mechanism enhances user engagement and maintains liquidity within the ecosystem.
In 2023, Aevo merged with Ribbon Finance, consolidating Ribbon’s structured products under the Aevo brand. This merger enables Aevo to offer a unified platform for options, perpetuals, and yield-generating strategies, while leveraging Ribbon’s governance model for decentralized decision-making. The native AEVO token, rebranded from RBN, serves purposes such as governance, staking, and liquidity incentives, fostering a vibrant community and granting token holders influence over the platform’s development.
