AEVO is a decentralized derivatives trading platform focused on options and perpetual contracts that offers high performance. It uses EVM rollup, integrating with Ethereum. The special feature of AEVO is that the order book is off-chain, and the settlement of orders is on the blockchain. Binance recently launched AEVO Yield Farming, so users will be able to engage in AEVO token farming on Binance launchpool.
The native AEVO token provides holders with the right to participate in governance (voting on network upgrades, adding new assets, and managing the DAO in general), as well as staking. Users who invest their tokens will enjoy privileges such as reduced commissions and increased bonuses within trader incentive programs.
How does the AEVO exchange work?
AEVO is a high-performance decentralized derivatives trading platform, the main reference point for options and perpetual contracts. The platform uses its own EVM-based rollup and offers an over-the-counter order book with settlement on the blockchain.
Key Features:
-User funds and positions are stored on the blockchain on AEVO smart contracts.
-Over-the-counter order book with settlements through smart contracts.
-Verification of margin requirements through over-the-counter risk management.
-Collaboration with Conduit for operations on AEVO Rollup.
Transaction batches are sent to the Ethereum Mainnet every hour, with a dispute period of 2 hours. Optimism Standard Bridge is used for deposits, confirmation time is 10 minutes. Transaction fees are paid in ETH, with trading fees covered by the AEVO exchange.
The platform has the opportunity to use aeUSD – this is an ERC-4626 asset on AEVO L2, backed by USDC and sDAI, allowing you to earn 4.75% per annum. There is also a Spot Convert feature that allows you to exchange assets with low fees (ETH-USDC, WBTC-USDC, and USDT-USDC).
The development plan for 2024 includes the launch of incentives for traders, the launch of AEVO Strategies and RFQ platform for spot and derivatives, staking of the AEVO token, permission to deploy on AEVO L2, and other aspects of ecosystem development.
How to start Yield farming the AEVO token on Binance Launchpool?
The native AEVO token is planned to be used for decentralized project management and for staking, providing benefits to holders. It complies with the ERC-20 standard and is located on the Ethereum blockchain; a total of 1 billion of them will be issued. Binance Launchpad presents an opportunity for users to start yield farming by earning rewards by staking their assets in AEVO farming pools.
To receive AEVO tokens, participants will be able to invest BNB and FDUSD into pools for seven days. You must first pass the verification process.
A total of 50 million tokens will be distributed (4.5% of the planned issue). In the BNB pool, participants will be able to earn 40 million AEVO tokens, and in the FDUSD pool, 10 million AEVO tokens.
Users will be able to stake their BNB and FDUSD into separate pools to farm AEVO tokens over five days, with farming starting from 2024-03-08 00:00 (UTC).
Where to buy, sell, store AEVO Token?
On March 13, the Binance exchange will list the token. You will need to register and be verified to trade it. Additionally, there is a high probability that AEVO will be available for purchase or sale on decentralized exchanges in the future, such as Uniswap, SushiSwap, 1inch.
To store AEVO, you will need a wallet that supports ERC-20 tokens. There are many options, including hardware wallets like Tangem, SafePal, Ledger, Trezor, or you can store AEVO on software wallets like OKX Wallet or MetaMask.
