Detailed Analysis of Binance Mining's New Project: Aevo
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Detailed Analysis of Binance Mining's New Project: Aevo
Aevo is a decentralized derivatives trading platform focused on options and perpetuals trading.
Navigating Web3 tides with focused insightsText: Binance
Aevo is a decentralized derivatives trading platform focused on options and perpetuals. The decentralized exchange operates on Aevo L2, an Ethereum roll-up built on the OP Stack.
Aevo is a decentralized derivatives exchange specializing in options and perpetual trading, operating on Aevo L2—an Ethereum roll-up based on the OP Stack.
The native token of Aevo has the following use cases:
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Governance: AEVO token holders can vote on network upgrades, new trading pairs, and DAO governance matters
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Staking: Users who stake AEVO tokens receive trading fee discounts on the Aevo Exchange and higher rewards within Aevo’s trader rewards program
The protocol consists of the following key components:
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Aevo L2: The Aevo Exchange runs on the Aevo L2 chain, an Ethereum roll-up built on the OP Stack
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Aevo Exchange: Orders on Aevo Exchange are routed to an off-chain order book but settled on the Aevo L2 chain
The project has raised $16.6 million across three funding rounds:
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Seed round: 10% of total supply at an $18.5 million valuation
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Series A: 4.62% of total supply at a $130 million valuation
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Series A+: 3.5% of total supply at a $250 million valuation
On March 13, 2024, AEVO will have a maximum supply of 1,000,000,000 tokens and a circulating supply of 110,000,000 tokens.
Key Metrics
Token Distribution
Note: AEVO was built by the team behind Ribbon Finance. $RBN holders can convert their $RBN to $AEVO at a 1:1 ratio, subject to a 2-month lock-up period. Remaining $RBN unlocks will follow the original schedule.
Token Release Schedule
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Private sale investors (seed and Series A) and team $RBN tokens will be fully unlocked by May 2024
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$RBN holders can convert $RBN to $AEVO at a 1:1 ratio with a 2-month lock-up period
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$AEVO currently has no ongoing unlock schedule, but the DAO has allocated 16% for future user and ecosystem incentives, expected to be distributed over more than four years
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