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

This product is a perpetual future that has no index price nor funding rate, but will immediately start referencing the index price and enforce a funding rate once the spot market for the token is live.

In practice, this means that the instrument will converge to the spot price of the token once the spot market goes live because of the funding rate mechanism, but users who want to trade it before then are able to do so.

Users who are interested in speculating on the starting / listing price of a token are able to express their views through long or short positions on Aevo’s Pre-Launch Token Futures.

Innovation Zone

Due to the experimental and high-risk nature of this product, Aevo will be enforcing strict position limits and open interest cap on these markets.

First Launch: $SEI

The first market that Aevo is going to list is Sei Network, ahead of it’s listing on Binance next week. Users can go long or short $SEI on Aevo today.