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Aevo, a burgeoning name in the decentralized finance (DeFi) landscape, has just announced a significant airdrop event, scheduled for March 13, 2024.
Aevo has earmarked a massive 30 million $AEVO tokens for distribution. The airdrop aims to reward users based on several criteria, including volume traded before and during their 'farm boost' phase, aeUSD balance, the initiation of the first trade on Aevo, and overall active utilization of the platform.
Aevo is a high-speed decentralized derivatives exchange focused on options trading. It utilizes a custom Ethereum Virtual Machine (EVM) roll-up that settles on the Ethereum blockchain. Aevo has an off-chain order book where trades are matched, but settlements occur on-chain via smart contracts. This hybrid model combines the speed of off-chain order matching with the security of on-chain settlement. By leveraging roll-up technology, Aevo can offer a derivatives exchange with the decentralization and trustlessness of Ethereum, but with vastly greater throughput and lower fees compared to trading directly on the Ethereum mainnet.
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