We are thrilled to share that AEVO is now listed on Coinhako!

What is AEVO?

Aevo, formerly Ribbon Finance, is a DeFi option derivatives protocol founded in 2021. Launched in April 2023, it is a decentralized platform for options and perpetual contract trading. The exchange runs on a custom EVM roll-up that rolls up to Ethereum, prioritizes speed over security, and settles in USDC. Aevo operates an off-chain order book with on-chain settlements, which means that once orders are matched, trades get executed and settled with smart contracts.

AEVO serves two purposes: governance and staking. Holders can vote on protocol upgrades, coin listings, and DAO proposals. Stakers receive trading fee discounts and can participate in the trader reward program for increased benefits.

There is a total supply of 1,000,000,000 AEVO, which at its peak traded for US $4.46. 

How does AEVO work?

Aevo combines DeFi technologies and advanced trading frameworks for secure, efficient derivatives trading. Its architecture integrates:

1. Off-Chain Orderbook and Risk Engine: Rapid order matching and collateral evaluation.
2. On-Chain Settlement: Smart contracts for transparent, secure transactions. 
3. Layer 2 Architecture: Custom rollup for high throughput and low latency.
4. Liquidations: Gradual position reduction to maintain system health. This setup delivers decentralized trading with centralized exchange performance and advances DeFi platforms.

Pre-Launch Token Futures

Aevo's Pre-Launch Token Futures allow trading on projected token values before their market debut. Key features include:

• 50% initial margin with 2x leverage- 48% maintenance margin
• $50, 000 position limit- No index price or funding payments
• Fees: 25 bps taker fee, 10 bps maker rebate, 5% liquidation fee
• USDC settlement upon token launch on external exchanges

What can you do with AEVO on Coinhako?

AEVO will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
2. Purchase AEVO instantly with Visa / Mastercard 

Please note that the sending and receiving of AEVO will not be available for this release.

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.