Since the inception of Aevo, our goal was to build a unified options product that combined the simplicity of the Ribbon DOVs with the flexibility of an exchange. Today, we are finally making that a reality — we will be transitioning the Ribbon Vaults to settle on Aevo, over the next month.

Today, we’re excited to unveil Optimism and Arbitrum deposits to Aevo, powered by Socket 🎉

Early Unwind

July 25 marked the conclusion of the Governance vote that approved RGP-33, a proposal by which the Ribbon DAO approved the merger of Ribbon into Aevo. The vote was almost unanimous, a clear signal that the holders and the Team are well aligned in the vision of Aevo.

Currently, Aevo is fully-USDC dependent. This means that users can only deposit and withdraw USDC, and all trades are settled in USDC. Many of our users have been asking for different types of collateral support, including other stablecoins, majors, and other yield-bearing assets.

We’re excited to announce a new type of product: Pre-Launch Token Futures.

After the third successful Taker Incentive Program, we are excited to announce that we will be extending the program for another 2 weeks (with a small twist). In round two, we saw over $55m in trading volume across options and perps, with the top trader trading over $10m in notional volume.

Edited on September 6, 2023: We added another incentive to our Referral Program, a $25 Trading Credit will be given to any account that signs up with a referral link and deposits at least $100.

After the second successful Taker Incentive Program, we are excited to announce that we will be extending the program for another 2 weeks. In round two, we saw over $36m in trading volume across options and perps, with the top trader trading over $5m in notional volume.