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.