Aevo is a decentralized derivatives exchange specializing in crypto options. It's built on a custom Ethereum Virtual Machine (EVM) roll-up, combining off-chain and on-chain features for efficient and secure trading.
What is Aevo
Here's how it works:
- Dual Approach: Aevo uses an off-chain order book for fast order matching and on-chain settlements through smart contracts. This ensures both speed and security in trading.
- Merger with Ribbon: Aevo merged with Ribbon to unify options products, combining simplicity and flexibility in trading.
- Technological Innovations: The platform supports deposits from Optimism and Arbitrum, increasing accessibility and interoperability in DeFi.
- Financial Operations: Aevo primarily uses USDC, a stablecoin, for trading. Plans are underway to include other stablecoins, major cryptocurrencies, and yield-bearing assets.
- Diverse Product Offerings: Beyond traditional options, Aevo offers Pre-Launch Token Futures and incentive programs to engage users and increase trading volumes.
- Technical Foundation: Built on a custom Layer 2 (L2) solution, Aevo can handle high trading volumes, crucial for derivatives trading.
- Trading Products and Strategies: Offers a range of products like options, perpetual futures, and structured products, all accessible within a single account.
- Experienced Team: Led by professionals from top companies and universities, the team brings expertise and innovation to the platform.
In summary, Aevo stands out in the DeFi space with its focus on crypto options, blending off-chain efficiency with on-chain security. Its diverse trading options and strong technological and team foundation make it a significant player in decentralized finance.
Team of Aevo
Julian Koh
Co-founder
Julian Koh, co-founder of Ribbon Finance and Aevo, has a rich background in cryptocurrency, including roles as a software engineer at Coinbase and a consultant at Metastable Capital. He also interned at Numerai and studied Computer Science at Cornell University, focusing on distributed systems and cryptography.
Ken Chan
Co-founder
Ken Chan is a co-founder of Ribbon Finance with expertise in blockchain development. He has worked as a software engineer at Coinbase and a research intern at Zilliqa, contributing to significant blockchain projects. Ken also co-founded Xsquare Software and holds a Bachelor's degree in Computer Science from Sunway University.
Aevo review
Pros
High-Performance Trading
Combines off-chain matching with on-chain settlement, ensuring fast and efficient trading.
Decentralized Options Focus
Specializes in crypto options, providing a niche platform for specific trading strategies.
Advanced Technological Infrastructure
Built on a custom EVM roll-up, enhancing throughput and performance.
Security and Trust
Processes trades on-chain through smart contracts, inheriting Ethereum's security.
Diverse Product Range
Offers options, perpetual futures, and various structured products in one platform.
Proven Track Record
Has processed over $10 billion in options trading volume since 2020, establishing reliability.
Cons
USDC Dependence
Currently operates solely with USDC, which could be a limitation for users preferring diverse collateral options.
Complexity for Average Users
The platform's advanced features might be overwhelming for less experienced traders.
Market Liquidity and Stability
As a niche platform, market depth and stability can be a concern, especially during volatile periods.
Regulatory Landscape
The dynamic regulatory environment for crypto and DeFi could impact operations or user accessibility.
Technological Reliability
While innovative, the custom L2 solution's long-term stability and scalability remain to be seen.
Cybersecurity Threats
Potential risks of hacks or exploits, common in the DeFi space, could lead to fund loss.