What is Aevo? Features, Fees & More

What is Aevo?

Aevo is a decentralized perpetuals futures exchange built for traders who value speed, security, and high-performance metrics. Running on a custom Layer-2 Ethereum rollup, Aevo achieves over 5,000 transactions per second (TPS) with under 10ms latency, bringing CEX-like performance to the DeFi and on-chain trading.

The platform offers a range of instruments, including options, perpetual futures, yield strategies, and pre-launch token futures, all managed within a single margin account. Its staking and $AEVO airdrop programs sweeten the deal, rewarding active users and adding value for liquidity providers.

To date, Aevo has facilitated over $55 billion in cumulative trading volume, with $41 million in average open interest across its order books, underscoring its scale and liquidity.

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Aevo’s Features and Product Offerings

Aevo brings the speed and functionality of centralized exchanges like Bybit and Binance into the decentralized world. Its custom Layer-2, built on the OP Stack and enhanced by Celestia for data availability, gives Aevo a distinct edge over older DeFi platforms like GMX, which rely on general-purpose L2s like Arbitrum. 

Here’s a quick look at Aevo’s standout products and features.

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Supported Assets

Aevo supports over 50 assets across their perpetual futures markets. Traders can access deep liquidity on popular cryptos like BTC, ETH, SOL, TIA, EIGEN, NEIRO, TAO, AERO, WIF and more, alongside pre-token generation event tokens like GRASS.

The addition of pre-launch token futures enables early access to projects before they reach public markets, giving traders exposure to potential high-growth assets.

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Aevo Trading Fees

Aevo’s fee structure is straightforward, with takers paying a 0.05% fee while makers benefit from a lower 0.03% rate. This is slightly more expensive than popular competitors like Hyperliquid, which has a 0.01% maker and 0.035% taker fee.

In the pre-launch token futures market, Aevo offers a rebate of 0.02% to makers, enhancing liquidity and creating incentives for active market participants. 

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Flexible Margin, Leverage, and Liquidation Management

Aevo’s cross-margin system lets traders utilize collateral across multiple positions, while isolated-margin options allow for targeted risk management. Traders can leverage up to 20x on perpetuals and up to 2x on pre-launch tokens.

Aevo’s off-chain risk engine continuously assesses margin and liquidation thresholds, with efficient order matching and liquidation protocols in place to maintain account stability even under volatile conditions.

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Yield Strategies and the Aevo Basis Trade Vault

Aevo’s vault offerings, such as the Basis Trade, let users earn passive yield through delta-neutral, algorithmic strategies. The Basis Trade simultaneously holds long spot and short perpetual positions, generating steady returns when funding rates remain positive.

Aevo’s vault system democratizes access to sophisticated trading strategies, typically reserved for institutional players, offering retail users the potential to earn market-maker-style returns.

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Aevo’s Technical Architecture

Aevo is a custom layer 2 rollup built with the OP Stack, balancing high throughput with Ethereum security. Through a partnership with Conduit, Aevo batches transactions off-chain and posts them to Ethereum every hour, with a two-hour dispute period to verify data integrity. This enables low-cost, high-frequency trading by handling orders off-chain and settling on-chain.

Deposits use the Optimism Standard Bridge, allowing funds to move easily between layers, while withdrawals take around 2–3 hours for final confirmation. Aevo’s off-chain risk engine checks margin requirements to maintain liquidity before orders hit the chain.

Recently, Aevo’s shift to Celestia for data availability optimizes costs further, tapping into a trend among derivatives-focused DeFi platforms aiming for better scalability as the blob market on Ethereum starts to saturate.

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$AEVO Tokenomics Overview

$AEVO is a rebrand of Ribbon Finance’s $RBN, solidified by community vote in governance proposal RGP-33. At its Token Generation Event (TGE) on May 15, 2024, 99% of $AEVO’s supply unlocked per the original 2021 schedule, while 15%, allocated to team and backers, remains locked until year-end.

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Treasury Allocation

The Aevo DAO Treasury manages the largest portion of $AEVO tokens, previously inactive but now governed by the Treasury Committees under AGP-1. Treasury allocation is as follows:

• 16% for Incentives (including Airdrops), overseen by the Growth & Marketing Committee.
• 9% for Token Liquidity to support trading on DEXs and CEXs.
• 5% for Community initiatives like bounties and events.
• 16% Reserved for future DAO needs, with 2% yearly allocated to Aevo Project Contributors.

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Staking Structure and Tiers

$AEVO holders can stake their tokens to earn sAEVO, unlocking rewards across different tiers with perks that increase as stakers accumulate more tokens:

• Bronze (1-100 sAEVO): Basic staking rewards.
• Silver (101-1000 sAEVO): 1x airdrop multiplier and access to airdrops.
• Gold (1001-10,000 sAEVO): Base boost multiplier (1x to 1.5x) for airdrops on pre-launch trades.
• Platinum (10,001-100,000 sAEVO): Boost multiplier up to 5x, plus Gold perks.
• Diamond (>101,000 sAEVO): 5x airdrop multiplier, dedicated account manager, VIP chat, early product access, and a 60% referral rebate.

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Aevo Airdrops

Aevo collaborates with pre-launch projects to airdrop tokens to $AEVO stakers and active pre-launch traders. Silver Tier stakers gain airdrop access, with higher tiers enjoying volume multipliers for airdrop allocations. Current and upcoming airdrops include tokens like $SWELL and $BLUE.

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Aevo Founders

Julian Koh and Ken Chan founded Aevo with backing from major crypto investors like Paradigm, Dragonfly Capital, and Coinbase Ventures. Their focus on high-performance solutions has quickly put Aevo on the radar of on-chain traders looking for perpetual futures in DeFi.

The Aevo team brings together seasoned talent from Coinbase, Kraken, and Goldman Sachs, as well as academic backgrounds from Stanford, MIT, and Cornell.

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Bottom Line

Aevo is setting a new standard in decentralized trading, merging CEX-level speed, liquidity, and functionality into DeFi. Built on the OP Stack with Celestia for cost-efficient data availability, Aevo offers everything a serious derivatives trader needs.

Its clear fee structure, robust asset lineup, and flexible margin options all add to its competitive edge. For $AEVO holders, staking and airdrop rewards bring additional perks, creating real value for active users.