Aevo is a high-performance decentralized exchange (DEX) specifically designed for trading derivatives like options and perpetual contracts. Created by the team behind Ribbon Finance, Aevo combines off-chain order matching with on-chain settlement using a custom Layer 2 (L2) rollup based on the Optimism stack, enabling fast transaction speeds while inheriting Ethereum’s security. The platform’s technical setup allows for smooth trading, supporting over 5,000 transactions per second and less than 10ms latency, bringing a CEX-like experience to the DeFi space. Aevo offers options on major assets like BTC and ETH, alongside perpetual contracts with leverage up to 20x.
One of Aevo’s standout features is its Pre-Launch Futures, allowing traders to speculate on the value of tokens before they officially launch, which attracts significant volume. The platform also issues aeUSD, a yield-bearing stablecoin linked to USDC deposits placed with MakerDAO, giving users 4.75% annual returns even when not actively trading. This yield-generating feature enhances user engagement and helps maintain liquidity within the ecosystem.
In 2023, Aevo merged with Ribbon Finance, consolidating Ribbon’s structured products under the Aevo brand. This merger allows Aevo to offer a unified platform for options, perpetuals, and yield-generating strategies, while also leveraging Ribbon’s governance model for decentralized decision-making. The native AEVO token, rebranded from RBN, is used for governance, staking, and liquidity incentives, fostering a vibrant community and providing token holders with influence over the platform’s evolution.
