AevoPrice

(AEVO)

Aevo operates as a high-performance, decentralized derivatives exchange (DEX) specifically designed for options and perpetual trading. It functions as a Layer-2 solution, built upon the OP Stack, which enables it to achieve the rapid execution speeds typically found in centralized exchanges, while simultaneously maintaining the robust security and transparency of on-chain settlement inherent to decentralized finance.

Aevo distinguishes itself by being a decentralized and non-custodial platform, meaning users retain full control over their assets. Unlike centralized exchanges, Aevo employs an off-chain order book for efficient trade matching but ensures all final settlements occur securely on-chain. Furthermore, its options contracts are linear, settled directly in USDC, which simplifies risk management and understanding for traders compared to the inverse options often seen on many other trading venues.

Aevo leverages the inherent security of Ethereum through its Layer-2 rollup architecture. While trade matching occurs off-chain via an order book, settlements are conducted on-chain, benefiting from robust blockchain security. Users commonly inquire about the trust assumptions related to the off-chain order book. Additionally, it is noted that Aevo's predecessor, Ribbon Finance, experienced a vault exploit in late 2025, which is a historical event users consider when evaluating the platform's overall safety profile.

The AEVO token serves multiple core utilities within the platform. Primarily, it grants holders governance rights, allowing them to vote on crucial protocol decisions such as upgrades, adjustments to fee structures, and the addition of new trading listings. Secondly, users can stake their AEVO tokens to receive sAEVO, which provides enhanced voting power, eligibility for reduced trading fees, and various rewards. Lastly, AEVO is utilized as an incentive mechanism to recognize and reward both active traders and those who contribute liquidity to the platform.

sAEVO is not a distinct, tradable token but rather represents the "staked status" of a user's AEVO tokens. When AEVO is staked, it transforms into sAEVO, granting holders benefits such as boosted voting power and potential fee discounts. It cannot be bought, sold, or transferred on its own. To regain tradable AEVO tokens, users must initiate an unstaking process, subject to predefined lock-up periods.

On the Aevo Degen platform, all trading positions are configured to automatically close at the conclusion of each trading day. This operational design is specifically implemented to align with U.S. stock market hours and primarily serves to mitigate and prevent the accumulation of overnight risk. This automatic closure mechanism ensures that traders do not hold highly leveraged positions through periods of market closure, which could expose them to unforeseen volatility or significant losses.