BlockBeats reported on April 7 that the options trading platform Aevo has officially launched its mainnet. This allows users to conduct transactions using mainnet USDC and enjoy real settlements. Initially, users can trade ETH options on the options chain, with support for daily, weekly, monthly, and quarterly settlement cycles.
The Aevo Exchange is built on top of the Aevo Chain. Users can transfer funds directly into the Aevo Chain through the exchange's user interface. Currently, Aevo only supports USDC for cross-chain transfers. As the platform is in its early stages, Aevo will distribute invitations via PASS—an NFT that grants holders trading access on the platform. Approximately 4,000 PASS NFTs have been airdropped to existing Ribbon users, participants in Aevo’s test programs, partners, and Ribbon VIP wallet addresses.
Earlier, on September 28, 2022, Ribbon Finance—an on-chain structured products protocol—announced its plans to launch Aevo as a dedicated options trading platform. Aevo is built on a customized Ethereum Rollup developed by Ribbon Finance and utilizes an order book and margin model.
Understanding Aevo’s Trading Features
Aevo brings a specialized approach to crypto derivatives, starting with Ethereum options. The platform’s integration with a custom rollup aims to offer faster transaction speeds and lower fees compared to operating directly on the main Ethereum network. This is particularly important for options trading, where timing and cost efficiency are critical.
The use of USDC for all settlements provides stability and reduces the volatility often associated with using native cryptocurrencies for trading and结算. This allows traders to better manage their risk and capital allocation.
The initial focus on ETH options makes sense, given Ethereum’s large market capitalization and high trader interest. Offering multiple expiration cycles—daily, weekly, monthly, and quarterly—caters to various trading strategies, from short-term speculation to longer-term hedging.
How to Get Started on Aevo
Since the platform is currently invitation-only via the PASS NFT system, interested users need to acquire one of these NFTs to gain access. These were distributed to specific groups, including Ribbon Finance users and testing participants.
For those who receive access, the process involves:
- Funding your account with USDC through the supported cross-chain bridge.
- Navigating the order book interface to analyze available options contracts.
- Placing trades based on your market outlook and risk tolerance.
The platform’s design emphasizes a traditional finance-style experience with an on-chain settlement, blending familiarity with the benefits of decentralization.
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The Role of the Aevo Chain
The Aevo Chain is a key innovation here. As an Ethereum Rollup, it processes transactions off-chain before batching them for final settlement on Ethereum. This structure aims to provide the security of Ethereum with the scalability needed for high-frequency trading activities.
Users benefit from faster confirmation times and lower gas fees, which are often pain points in DeFi trading. The chain is customized specifically for options trading, meaning its infrastructure is optimized for this use case rather than being a general-purpose blockchain.
Frequently Asked Questions
What is Aevo?
Aevo is a decentralized derivatives exchange focused on options trading. It is built on a custom Ethereum Rollup and currently offers Ethereum options with various expirations.
How do I start trading on Aevo?
Access is currently gated by the PASS NFT. If you have one, you can connect your wallet, bridge USDC to the Aevo Chain, and begin trading through the exchange interface.
What cryptocurrencies does Aevo support?
At launch, Aevo supports trading and settlement in USDC. The only trading pair initially available is ETH options.
Is Aevo safe to use?
As with any new DeFi platform, users should exercise caution. However, being built on a rollup that settles on Ethereum and developed by the Ribbon Finance team may provide some confidence. Always do your own research and never invest more than you can afford to lose.
What are the advantages of trading options on Aevo?
Potential advantages include lower transaction fees due to the rollup, a familiar order book model, and multiple settlement cycles for flexible trading strategies.
Will Aevo support other assets in the future?
While the initial launch focuses on ETH, the platform will likely expand to other major cryptocurrencies based on user demand and protocol governance decisions.