Detailed Explanation of Binance's New Mining Project Aevo
Aevo is a decentralized derivatives trading platform focused on options and perpetual trading.Written by: Binance
Aevo is a decentralized derivatives trading platform focused on options and perpetual trading. This decentralized exchange operates on Aevo L2, which is an Ethereum roll-up based on the OP Stack.
Aevo is a decentralized derivatives exchange focused on options and perpetual trading, operating on Aevo L2, which is an Ethereum roll-up based on the OP Stack.
The native token of Aevo has the following use cases:
- Governance: Aevo token holders can vote on network upgrades, newly listed trading pairs, and DAO governance.
- Staking: Users who stake Aevo tokens will receive trading fee discounts on the Aevo exchange and earn higher rewards in Aevo's trader reward program.
The protocol consists of the following main components:
- Aevo L2: Aevo Exchange operates on the Aevo L2 chain, which is an Ethereum roll-up based on the OP Stack.
- Aevo Exchange: Orders on Aevo Exchange are sent to an off-chain order book but settle on the Aevo L2 chain.
The project has raised $16.6 million in three rounds of funding:
- Seed Round: 10% of the total, valued at $18.5 million.
- Series A: 4.62% of the total, valued at $130 million.
- Series A+: 3.5% of the total, valued at $250 million.
On March 13, 2024, the maximum supply of AEVO will be 1,000,000,000 tokens, with a circulating supply of 110,000,000 tokens.
Key Metrics
Token Distribution
Note: AEVO is built by the team that launched Ribbon Finance. $RBN holders can convert their $RBN to $AEVO at a 1:1 ratio, which requires a 2-month lock-up period. The remaining unlocking period for $RBN follows the original plan.
Token Release Schedule
- $RBN tokens for private investors (seed round and Series A) and the team will be fully unlocked by May 2024.
- $RBN holders can convert $RBN to $AEVO at a 1:1 ratio, with a 2-month lock-up period.
- $AEVO currently has no unlocking releases, but the DAO will allocate 16% to future users and ecosystem incentives, expected to take over 4 years.
Community
