On March 6, 2024, Binance announced Aevo as the 48th Launchpool project and users can participate in staking BNB and FDUSD to receive AEVO tokens
What is AEVO?
Aevo is a Layer 2 Derivative platform built using the OP Stack toolkit from$OP to optimize transaction processing for products such as Perpetual and Options. In addition, Aevo uses an off-chain orderbook to match transaction orders and then brings them to on-chain to process transactions quickly and with cheaper fees.
AEVO technology.
Age Layer 2:
Uses Optimistic Rollup technology from OP Stack.
Transactions and smart contracts work on Aevo Rollup.
Partner with Conduit to push transactions to Ethereum every 2-3 hours.
Transaction fees:
Users use ETH.
Aevo covers the gas fees for the transaction.
Users bear gas fees for deposits and withdrawals.
Off-chain Orderbook và On-chain Settlements:
Aevo uses an off-chain order book to create and match trade orders.
Matched orders are executed via smart contract on Aevo Rollup.
The offline risk assessment system checks orders before they are created.
Purpose:
Reduce transaction load on blockchain.
Transactions are faster and cheaper.
Ensure safety and reliability.
Limit liquidation risks for users.
Benefit:
Transactions are faster and cheaper than Ethereum.
Higher scalability.
High security.
Limit liquidation risks.
