Ribbon Finance has launched Aevo, a new on-chain platform for trading altcoins with institutional-grade liquidity providers such as Galaxy, GSR, and Orbit. The platform offers users access to leverage and hedging against tail events through call and put options. Initially, Aevo OTC will support trading across weekly, biweekly, and monthly maturities on a rotating list of 13 different altcoins, including bitcoin, ether, pepe, arbitrum, optimism, and aptos.
The platform's dynamic margin system requires liquidity providers to deposit a 30% margin in USDC and prompts market makers to deposit additional margin based on a trade's mark-to-market value. Future plans include a secondary market, more exotic options, the ability to choose counterparties, and customized margin requirements for pro traders.
