Aevo (AEVO)

Trading Platform

Aevo is a decentralized derivatives exchange that allows users to trade options, perpetual futures, and other crypto derivatives within a single margin account. It supports over 50 assets, including popular cryptocurrencies like BTC, ETH, and SOL, as well as pre-launch token futures.

Technology

Built on a custom Layer 2 Ethereum rollup using the Optimism stack, Aevo offers high throughput, low transaction fees, and fast trade execution by combining off-chain order books with on-chain settlements. This setup provides a seamless and efficient trading experience.

AEVO Token Use Cases

The native AEVO token is used for staking to earn rewards, paying discounted trading fees, and participating in decentralized governance decisions. It also provides access to special initiatives and supports the development of the Aevo ecosystem.

Unique Features

Aevo enables trading of options tied to various altcoins that were previously only available through over-the-counter desks. It also offers advanced risk management tools, multi-chain integration, and a user-friendly interface designed to appeal to both new and experienced traders.

Market and Community

Since its launch, Aevo has processed billions in trading volume and grown its user base significantly, establishing itself as a major player in decentralized derivatives trading.

Pros

• Aevo is one of the first cross-rollup options and perpetual trading platforms with unique features and economy.
• It uses a hybrid model combining an off-chain central limit order book for trade matching with on-chain settlement on Ethereum Layer 2, offering high performance and low latency similar to centralized exchanges.
• The platform supports over 50 assets in perpetual futures markets, including popular cryptocurrencies and pre-launch token futures.
• Aevo has a custom Ethereum roll-up built on the Optimism stack, enabling scalability with over 5,000 transactions per second and large trading volumes.
• It offers advanced tools for trading crypto perpetuals and derivatives.
• The AEVO token has staking and airdrop rewards, providing additional perks for active users.
• The team behind Aevo has experience from notable companies like Coinbase, Kraken, and Goldman Sachs.
• Aevo has achieved significant growth with monthly trading volumes exceeding $15 billion and 250,000 active traders.
• The platform holds about 28% market share among DeFi options protocols and is among the top 5 decentralized derivatives platforms by trading volume.

Cons

• AEVO has experienced significant price declines, with a drop of about 98.94% from its all-time high.
• The token has faced extensive unlocks that increase circulating supply and selling pressure, contributing to downward price trends.
• The community of users consistently trading on the platform is relatively small.
• Recent trading volume has decreased, signaling a fall in market activity.
• The AEVO market is relatively small compared to traditional markets, making it susceptible to price swings caused by large holders ("whales").
• The platform has faced challenges such as a drop in total value locked (TVL) due to an attack and the crypto bear market.
• Price predictions suggest potential short-term weakness despite strong fundamentals.

Founders

Aevo was founded by Julian Koh and Ken Chan. They previously co-founded Ribbon Finance and have backgrounds in software development at Coinbase.

Background of Founders

Julian Koh and Ken Chan have experience working at Coinbase, and they bring strong technical and academic expertise to Aevo. Julian Koh is a Cornell University alum and has worked on crypto integrations, custody, and staking at Coinbase.

Team and Support

The founders have received backing from major crypto investors such as Paradigm, Dragonfly Capital, and Coinbase Ventures, helping Aevo grow as a decentralized derivatives trading platform.

Investors in Aevo

Aevo is backed by several major crypto investors and venture capital firms. Key investors include Paradigm, Dragonfly Capital, Coinbase Ventures, and YZi Labs (formerly Binance Labs). The project also received seed funding from Coinbase and raised $8.75 million in a Series B round led by Paradigm. These investors are well-known in the crypto space and support Aevo's development and growth.

Halal Status of Aevo

• Aevo is a utility token used on the Aevo platform for governance and staking, not representing ownership or investment in a company.
• It operates as a decentralized derivatives exchange focusing on options and perpetual contracts.
• There is no explicit confirmation from multiple Islamic scholars or authoritative sources declaring Aevo halal or haram.
• Some discussions mention concerns about usurious elements in Aevo, but no definitive ruling is provided.
• Overall, based on available information, Aevo's halal status is unclear and not definitively confirmed as halal.